S&P Global (NYSE:SPGI) had its price target lifted by Credit Suisse Group from $183.00 to $222.00 in a research report released on Wednesday. The brokerage currently has an outperform rating on the business services provider’s stock.
Several other brokerages also recently issued reports on SPGI. BMO Capital Markets increased 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 research report on Wednesday. Barclays increased 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. Cantor Fitzgerald increased their target price on shares of S&P Global from $190.00 to $196.00 and gave the stock an overweight rating in a report on Wednesday. Zacks Investment Research upgraded shares of S&P Global from a hold rating to a buy rating and set a $204.00 target price for the company in a report on Tuesday, January 23rd. Finally, Morgan Stanley increased their target price 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. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $182.29.
Shares of S&P Global (SPGI) opened at $177.50 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.52 and a debt-to-equity ratio of 4.13. S&P Global has a 12-month low of $125.46 and a 12-month high of $185.38. The stock has a market cap of $46,360.00, a price-to-earnings ratio of 30.71, a PEG ratio of 1.63 and a beta of 1.52.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be issued a dividend of $0.50 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 23rd. This represents a $2.00 annualized dividend and a yield of 1.13%. S&P Global’s dividend payout ratio is presently 28.37%.
In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total value of $631,160.00. Following the completion of the sale, the chief executive officer now owns 140,743 shares in the company, valued at $22,207,837.97. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Korea Investment CORP lifted its stake in S&P Global by 11.1% in the third quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock valued at $48,473,000 after acquiring an additional 30,900 shares during the last quarter. Prudential Financial Inc. lifted its stake in S&P Global by 3.4% in the third quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock valued at $225,392,000 after acquiring an additional 47,930 shares during the last quarter. Milestone Resources Group Ltd acquired a new stake in S&P Global in the fourth quarter valued at $66,273,000. Twin Capital Management Inc. lifted its stake in S&P Global by 90.5% in the fourth quarter. Twin Capital Management Inc. now owns 56,080 shares of the business services provider’s stock valued at $9,500,000 after acquiring an additional 26,640 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in S&P Global in the third quarter valued at $23,854,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.
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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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