S&P Global (NYSE:SPGI) had its price target increased by UBS Group from $252.00 to $260.00 in a research note released on Wednesday morning, Stock Target Advisor reports. UBS Group currently has a buy rating on the business services provider’s stock.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research note on Monday, May 6th. Raymond James reiterated a hold rating on shares of Snc-Lavalin Group in a research note on Tuesday, April 9th. Piper Jaffray Companies set a $16.00 price objective on WPX Energy and gave the company a buy rating in a report on Friday, April 5th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price objective on Diageo and gave the company a neutral rating in a report on Wednesday. Finally, Morgan Stanley reissued an overweight rating and set a GBX 4,000 ($52.27) price objective on shares of in a report on Thursday, June 13th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $225.55.
Shares of SPGI opened at $241.26 on Wednesday. S&P Global has a 52-week low of $156.68 and a 52-week high of $241.29. The firm has a fifty day simple moving average of $225.73. The company has a debt-to-equity ratio of 11.03, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $58.70 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.01). S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the business posted $2.00 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts expect that S&P Global will post 9.03 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s dividend payout ratio (DPR) is 26.82%.
In related news, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total transaction of $232,053.08. Following the sale, the chief executive officer now owns 18,723 shares of the company’s stock, valued at approximately $4,314,528.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ewout L. Steenbergen sold 8,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $215.59, for a total value of $1,724,720.00. Following the sale, the chief financial officer now directly owns 15,694 shares in the company, valued at approximately $3,383,469.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,312 shares of company stock worth $4,593,028. 0.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meridian Wealth Management LLC acquired a new position in S&P Global during the 1st quarter worth about $26,000. Harvest Group Wealth Management LLC acquired a new position in S&P Global during the 1st quarter worth about $28,000. Sontag Advisory LLC acquired a new position in S&P Global during the 4th quarter worth about $31,000. Kistler Tiffany Companies LLC lifted its holdings in S&P Global by 220.0% during the 1st quarter. Kistler Tiffany Companies LLC now owns 160 shares of the business services provider’s stock worth $34,000 after buying an additional 110 shares during the period. Finally, Berman Capital Advisors LLC lifted its holdings in S&P Global by 59.6% during the 1st quarter. Berman Capital Advisors LLC now owns 166 shares of the business services provider’s stock worth $34,000 after buying an additional 62 shares during the period. 82.77% of the stock is currently owned by institutional investors.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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