S&P Global Inc. (NYSE:SPGI) Announces Quarterly Dividend of $0.96

S&P Global Inc. (NYSE:SPGI) declared a quarterly dividend on Wednesday, June 25th, RTT News reports. Investors of record on Tuesday, August 26th will be given a dividend of 0.96 per share by the business services provider on Wednesday, September 10th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%.

S&P Global has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect S&P Global to earn $18.96 per share next year, which means the company should continue to be able to cover its $3.84 annual dividend with an expected future payout ratio of 20.3%.

S&P Global Price Performance

S&P Global stock opened at $523.32 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The company’s fifty day moving average price is $503.08 and its 200 day moving average price is $503.38. The stock has a market capitalization of $160.50 billion, a P/E ratio of 41.11, a P/E/G ratio of 2.51 and a beta of 1.20. S&P Global has a 1 year low of $427.14 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.01 earnings per share. As a group, equities research analysts anticipate that S&P Global will post 17.11 earnings per share for the current fiscal year.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On S&P Global

An institutional investor recently raised its position in S&P Global stock. Brighton Jones LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,176 shares of the business services provider’s stock after acquiring an additional 143 shares during the period. Brighton Jones LLC’s holdings in S&P Global were worth $1,582,000 as of its most recent SEC filing. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company raised their price target on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price target on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, UBS Group lifted their price target on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $592.71.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.