S&P Global (NYSE:SPGI) had its price objective raised by UBS Group from $252.00 to $260.00 in a research note published on Wednesday, Stock Target Advisor reports. The brokerage currently has a buy rating on the business services provider’s stock.
A number of other equities analysts have also commented on the company. Zacks Investment Research lowered GALP ENERGIA SG/ADR from a hold rating to a sell rating in a report on Monday, May 6th. Raymond James reaffirmed a hold rating on shares of Snc-Lavalin Group in a report on Tuesday, April 9th. Morgan Stanley reaffirmed an overweight rating and issued a GBX 4,000 ($52.27) price target on shares of in a report on Thursday, June 13th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price target on Diageo and gave the stock a neutral rating in a report on Wednesday. Finally, Piper Jaffray Companies set a $16.00 price target on WPX Energy and gave the stock a buy rating in a report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $225.55.
Shares of NYSE SPGI opened at $241.26 on Wednesday. The firm’s fifty day moving average price is $225.73. S&P Global has a 1-year low of $156.68 and a 1-year high of $241.29. The company has a market capitalization of $58.85 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.08. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 11.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.95%. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.
In related news, SVP Nancy Luquette sold 2,200 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $216.85, for a total value of $477,070.00. Following the sale, the senior vice president now owns 2,340 shares in the company, valued at $507,429. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total value of $232,053.08. Following the completion of the sale, the chief executive officer now owns 18,723 shares in the company, valued at approximately $4,314,528.12. The disclosure for this sale can be found here. Insiders sold 21,312 shares of company stock worth $4,593,028 in the last quarter. 0.20% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of SPGI. OppenheimerFunds Inc. raised its position in S&P Global by 2.0% during the first quarter. OppenheimerFunds Inc. now owns 4,213,907 shares of the business services provider’s stock valued at $887,238,000 after purchasing an additional 80,700 shares in the last quarter. Egerton Capital UK LLP raised its position in S&P Global by 11.0% during the first quarter. Egerton Capital UK LLP now owns 3,339,926 shares of the business services provider’s stock valued at $703,221,000 after purchasing an additional 330,142 shares in the last quarter. Northern Trust Corp raised its position in S&P Global by 0.4% during the first quarter. Northern Trust Corp now owns 3,108,165 shares of the business services provider’s stock valued at $654,425,000 after purchasing an additional 12,880 shares in the last quarter. Geode Capital Management LLC raised its position in S&P Global by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 2,856,635 shares of the business services provider’s stock valued at $484,484,000 after purchasing an additional 80,031 shares in the last quarter. Finally, Norges Bank purchased a new stake in S&P Global during the fourth quarter valued at about $391,635,000. Institutional investors own 82.77% of the company’s stock.
About S&P Global
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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