S&P Global (NYSE:SPGI) PT Raised to $383.00 at Morgan Stanley

S&P Global (NYSE:SPGI) had its price objective boosted by Morgan Stanley from $361.00 to $383.00 in a report published on Wednesday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Co upped their price objective on shares of S&P Global from $250.00 to $260.00 in a report on Thursday, April 30th. UBS Group upped their price objective on shares of S&P Global from $275.00 to $332.00 and gave the stock a buy rating in a report on Wednesday, April 29th. Stifel Nicolaus reduced their price objective on shares of S&P Global from $322.00 to $280.00 and set a hold rating for the company in a report on Tuesday, April 14th. Jefferies Financial Group upped their price objective on shares of S&P Global from $339.00 to $400.00 and gave the stock a buy rating in a report on Wednesday. Finally, Goldman Sachs Group raised shares of S&P Global from a buy rating to a conviction-buy rating and upped their price objective for the stock from $336.00 to $397.00 in a report on Wednesday, July 8th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $337.06.

S&P Global stock opened at $350.25 on Wednesday. The company has a 50-day simple moving average of $337.97 and a 200-day simple moving average of $297.60. The firm has a market capitalization of $84.41 billion, a P/E ratio of 31.50, a P/E/G ratio of 3.20 and a beta of 1.05. The company has a debt-to-equity ratio of 16.90, a quick ratio of 1.24 and a current ratio of 1.47. S&P Global has a one year low of $186.05 and a one year high of $360.00.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $3.40 EPS for the quarter, topping the consensus estimate of $2.76 by $0.64. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.78 billion. S&P Global had a net margin of 36.19% and a return on equity of 1,072.73%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 earnings per share. As a group, sell-side analysts forecast that S&P Global will post 10.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.67 per share. 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 payout ratio is presently 28.12%.

In other S&P Global news, CFO Ewout L. Steenbergen sold 8,800 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $350.59, for a total transaction of $3,085,192.00. Following the sale, the chief financial officer now owns 18,291 shares in the company, valued at approximately $6,412,641.69. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas L. Peterson sold 30,000 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $351.44, for a total value of $10,543,200.00. Following the sale, the chief executive officer now owns 173,293 shares in the company, valued at approximately $60,902,091.92. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC increased its holdings in shares of S&P Global by 7.9% in the 4th quarter. Guggenheim Capital LLC now owns 122,500 shares of the business services provider’s stock valued at $33,449,000 after purchasing an additional 8,922 shares during the period. Franklin Resources Inc. increased its holdings in shares of S&P Global by 11.7% in the 4th quarter. Franklin Resources Inc. now owns 706,553 shares of the business services provider’s stock valued at $192,911,000 after purchasing an additional 74,147 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of S&P Global by 7.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,544 shares of the business services provider’s stock valued at $421,000 after purchasing an additional 103 shares during the period. Quadrant Capital Group LLC increased its holdings in S&P Global by 17.1% in the fourth quarter. Quadrant Capital Group LLC now owns 2,193 shares of the business services provider’s stock worth $574,000 after buying an additional 321 shares during the last quarter. Finally, Park National Corp OH increased its holdings in S&P Global by 27.0% in the first quarter. Park National Corp OH now owns 47,842 shares of the business services provider’s stock worth $11,724,000 after buying an additional 10,183 shares during the last quarter. Hedge funds and other institutional investors own 82.81% 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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Analyst Recommendations for S&P Global (NYSE:SPGI)

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