S&P Global Inc. (NYSE:SPGI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of S&P Global Inc. (NYSE:SPGI) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $592.71.

Several analysts have issued reports on the company. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 target price on the stock. Mizuho began coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective on the stock. BMO Capital Markets boosted their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, UBS Group boosted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th.

Insider Activity

In related news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of S&P Global

Several institutional investors and hedge funds have recently bought and sold shares of SPGI. Parkside Financial Bank & Trust raised its holdings in shares of S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the last quarter. Personal CFO Solutions LLC grew its position in S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock worth $336,000 after purchasing an additional 20 shares during the period. Stegent Equity Advisors Inc. raised its stake in shares of S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after buying an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in shares of S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after buying an additional 20 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its holdings in shares of S&P Global by 2.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after buying an additional 21 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.6%

Shares of S&P Global stock opened at $522.36 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $160.21 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 2.41 and a beta of 1.23. The firm’s 50-day moving average is $487.94 and its two-hundred day moving average is $502.70. S&P Global has a 1 year low of $419.49 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $4.01 earnings per share. As a group, research analysts expect that S&P Global will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global’s payout ratio is currently 30.16%.

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.