S&P Global (NYSE:SPGI) had its target price boosted by JPMorgan Chase & Co. from $325.00 to $390.00 in a report published on Wednesday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the business services provider’s stock.
Several other research analysts have also weighed in on SPGI. BMO Capital Markets boosted their price target on S&P Global from $322.00 to $365.00 in a research report on Monday, June 8th. Oppenheimer assumed coverage on S&P Global in a report on Tuesday, July 28th. They set a buy rating and a $396.00 target price on the stock. Credit Suisse Group assumed coverage on S&P Global in a report on Friday, May 29th. They set an outperform rating and a $345.00 target price on the stock. UBS Group boosted their target price on S&P Global from $275.00 to $332.00 and gave the stock a buy rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus boosted their target price on S&P Global from $331.00 to $351.00 and gave the stock a hold rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. S&P Global currently has an average rating of Buy and a consensus target price of $337.06.
NYSE:SPGI opened at $350.25 on Wednesday. The firm has a market capitalization of $84.41 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 3.20 and a beta of 1.05. S&P Global has a twelve month low of $186.05 and a twelve month high of $360.00. The stock’s 50 day moving average price is $337.97 and its two-hundred day moving average price is $297.60. The company has a quick ratio of 1.24, a current ratio of 1.47 and a debt-to-equity ratio of 16.90.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.68 annualized dividend and a yield of 0.77%. S&P Global’s dividend payout ratio (DPR) is presently 28.12%.
In other news, CEO Douglas L. Peterson sold 30,000 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $351.44, for a total transaction of $10,543,200.00. Following the completion of the sale, the chief executive officer now directly owns 173,293 shares in the company, valued at approximately $60,902,091.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Ewout L. Steenbergen sold 8,800 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $350.59, for a total value of $3,085,192.00. Following the sale, the chief financial officer now owns 18,291 shares of the company’s stock, valued at $6,412,641.69. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. NuWave Investment Management LLC bought a new stake in shares of S&P Global during the 2nd quarter valued at $31,000. Liberty Wealth Management LLC acquired a new position in shares of S&P Global during the 1st quarter worth $29,000. Beese Fulmer Investment Management Inc. acquired a new position in shares of S&P Global during the 2nd quarter worth $43,000. Pinnacle Bank raised its holdings in shares of S&P Global by 183.7% during the 1st quarter. Pinnacle Bank now owns 139 shares of the business services provider’s stock worth $34,000 after buying an additional 90 shares in the last quarter. Finally, Cognios Capital LLC acquired a new position in shares of S&P Global during the 1st quarter worth $35,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.
S&P Global Company Profile
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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