S&P Global (NYSE:SPGI) had its target price raised by Cantor Fitzgerald from $190.00 to $196.00 in a research report sent to investors on Wednesday morning. Cantor Fitzgerald currently has an overweight rating on the business services provider’s stock. Cantor Fitzgerald also issued estimates for S&P Global’s FY2019 earnings at $9.71 EPS.
Several other research analysts also recently commented on the stock. Barclays lifted their target price on shares of S&P Global from $190.00 to $205.00 and gave the stock an overweight rating in a report on Wednesday. BMO Capital Markets boosted their price objective on shares of S&P Global from $183.00 to $186.00 and gave the stock a market perform rating in a report on Wednesday. Morgan Stanley boosted their price objective on shares of S&P Global from $192.00 to $198.00 and gave the stock an equal weight rating in a report on Wednesday. Susquehanna Bancshares downgraded shares of S&P Global from a positive rating to a neutral rating in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of S&P Global from a hold rating to a buy rating and set a $204.00 price objective on the stock in a report on Tuesday, January 23rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. S&P Global currently has a consensus rating of Buy and an average target price of $182.29.
S&P Global (SPGI) opened at $177.50 on Wednesday. The company has a market cap of $46,360.00, a price-to-earnings ratio of 30.71, a P/E/G ratio of 1.63 and a beta of 1.52. S&P Global has a twelve month low of $125.46 and a twelve month high of $185.38. The company has a quick ratio of 1.52, a current ratio of 1.35 and a debt-to-equity ratio of 4.13.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.50 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. S&P Global’s payout ratio is presently 28.37%.
In other news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the transaction, the chief executive officer now owns 140,743 shares in the company, valued at approximately $22,207,837.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in S&P Global by 2.3% in the fourth quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock valued at $3,062,502,000 after acquiring an additional 401,826 shares during the period. Edgewood Management LLC increased its stake in S&P Global by 2.4% in the third quarter. Edgewood Management LLC now owns 6,025,481 shares of the business services provider’s stock valued at $941,843,000 after acquiring an additional 141,206 shares during the period. JPMorgan Chase & Co. increased its stake in S&P Global by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 4,421,615 shares of the business services provider’s stock valued at $687,694,000 after acquiring an additional 157,161 shares during the period. Capital International Investors increased its stake in S&P Global by 1.7% in the third quarter. Capital International Investors now owns 2,206,505 shares of the business services provider’s stock valued at $344,899,000 after acquiring an additional 36,562 shares during the period. Finally, Mawer Investment Management Ltd. increased its stake in S&P Global by 9.3% in the fourth quarter. Mawer Investment Management Ltd. now owns 1,848,721 shares of the business services provider’s stock valued at $313,173,000 after acquiring an additional 156,910 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.
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S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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