S&P Global Inc. (NYSE:SPGI) Raises Dividend to $0.90 Per Share

S&P Global Inc. (NYSE:SPGIGet Rating) announced a quarterly dividend on Wednesday, January 25th, RTT News reports. Shareholders of record on Friday, February 24th will be paid a dividend of 0.90 per share by the business services provider on Friday, March 10th. This represents a $3.60 annualized dividend and a dividend yield of 1.00%. This is an increase from S&P Global’s previous quarterly dividend of $0.85.

S&P Global has raised its dividend payment by an average of 13.3% per year over the last three years and has increased its dividend annually for the last 50 consecutive years. S&P Global has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect S&P Global to earn $12.51 per share next year, which means the company should continue to be able to cover its $3.40 annual dividend with an expected future payout ratio of 27.2%.

S&P Global Price Performance

Shares of NYSE:SPGI traded down $7.09 during midday trading on Wednesday, hitting $360.63. 71,956 shares of the stock were exchanged, compared to its average volume of 1,362,560. The stock has a market cap of $117.49 billion, a P/E ratio of 30.75, a PEG ratio of 2.47 and a beta of 1.06. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. S&P Global has a twelve month low of $279.32 and a twelve month high of $423.55. The company has a 50 day moving average price of $349.85 and a 200-day moving average price of $345.25.

S&P Global (NYSE:SPGIGet Rating) last released its quarterly earnings results on Thursday, October 27th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.14. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.91 billion. S&P Global had a return on equity of 12.47% and a net margin of 33.78%. On average, research analysts forecast that S&P Global will post 11.1 earnings per share for the current year.

Insider Buying and Selling at S&P Global

In other S&P Global news, SVP Christopher Craig sold 1,055 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $350.02, for a total value of $369,271.10. Following the transaction, the senior vice president now directly owns 6,288 shares of the company’s stock, valued at approximately $2,200,925.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On S&P Global

Institutional investors have recently made changes to their positions in the business. Clearbridge Investments LLC raised its position in shares of S&P Global by 11,089.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock valued at $914,794,000 after acquiring an additional 2,210,296 shares in the last quarter. Northern Trust Corp raised its position in shares of S&P Global by 39.5% during the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock valued at $1,529,100,000 after acquiring an additional 1,056,097 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of S&P Global by 49.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,801,772 shares of the business services provider’s stock valued at $739,051,000 after acquiring an additional 594,474 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of S&P Global by 89.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,226,098 shares of the business services provider’s stock valued at $502,921,000 after acquiring an additional 577,305 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of S&P Global by 27.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,699,174 shares of the business services provider’s stock valued at $696,965,000 after acquiring an additional 370,263 shares in the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Argus cut their target price on shares of S&P Global from $420.00 to $365.00 and set a “buy” rating for the company in a research note on Tuesday, November 1st. Atlantic Securities raised shares of S&P Global from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $356.00 to $386.00 in a research note on Monday, November 7th. Oppenheimer lifted their price target on S&P Global to $390.00 in a report on Tuesday, November 1st. Morgan Stanley lowered their price target on S&P Global from $390.00 to $388.00 and set an “overweight” rating for the company in a report on Wednesday, January 4th. Finally, Barclays lifted their price target on S&P Global from $385.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, December 2nd. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $395.06.

S&P Global Company Profile

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S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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Dividend History for S&P Global (NYSE:SPGI)

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