S&P Global (NYSE:SPGI) Price Target Increased to $510.00 by Analysts at Morgan Stanley

S&P Global (NYSE:SPGI) had its price target increased by Morgan Stanley from $500.00 to $510.00 in a research report report published on Friday, Benzinga reports. Morgan Stanley currently has an overweight rating on the business services provider’s stock.

A number of other brokerages also recently commented on SPGI. Barclays boosted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Oppenheimer boosted their price objective on shares of S&P Global from $482.00 to $486.00 and gave the stock an outperform rating in a research report on Monday, July 1st. Royal Bank of Canada reaffirmed an outperform rating and issued a $500.00 target price on shares of S&P Global in a research report on Friday, June 21st. Erste Group Bank reissued a hold rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets raised their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an outperform rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of $477.89.

S&P Global Stock Up 0.6 %

NYSE:SPGI opened at $455.89 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $142.65 billion, a price-to-earnings ratio of 51.11, a price-to-earnings-growth ratio of 2.52 and a beta of 1.16. S&P Global has a 52 week low of $340.49 and a 52 week high of $461.16. The stock’s fifty day moving average is $435.75 and its two-hundred day moving average is $432.41.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Research analysts anticipate that S&P Global will post 14.12 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Institutional Trading of S&P Global

A number of institutional investors have recently added to or reduced their stakes in SPGI. Norges Bank purchased a new position in shares of S&P Global during the 4th quarter worth approximately $1,652,862,000. Wellington Management Group LLP increased its position in S&P Global by 13.2% during the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after buying an additional 881,215 shares in the last quarter. Swedbank AB acquired a new position in shares of S&P Global in the first quarter worth $351,774,000. Capital International Investors lifted its position in shares of S&P Global by 12.6% in the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after acquiring an additional 616,732 shares in the last quarter. Finally, Morgan Stanley increased its position in S&P Global by 8.2% during the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after purchasing an additional 428,737 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

About S&P Global

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 through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.