S&P Global (NYSE:SPGI – Free Report) had its target price raised by UBS Group from $505.00 to $555.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.
Several other research analysts have also recently issued reports on the company. Stifel Nicolaus upped their price target on S&P Global from $442.00 to $446.00 and gave the company a buy rating in a report on Friday, April 26th. Erste Group Bank reaffirmed a hold rating on shares of S&P Global in a report on Wednesday, April 3rd. Royal Bank of Canada reiterated an outperform rating and set a $500.00 price objective on shares of S&P Global in a research report on Friday, June 21st. Morgan Stanley lifted their price objective on shares of S&P Global from $500.00 to $510.00 and gave the stock an overweight rating in a research report on Friday, July 5th. Finally, BMO Capital Markets lifted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an outperform rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $485.60.
Check Out Our Latest Report on SPGI
S&P Global Price Performance
S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Equities research analysts anticipate that S&P Global will post 14.14 earnings per share for the current fiscal year.
S&P Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio is currently 40.81%.
Institutional Investors Weigh In On S&P Global
A number of large investors have recently bought and sold shares of SPGI. Creative Planning boosted its holdings in S&P Global by 5.7% in the third quarter. Creative Planning now owns 38,386 shares of the business services provider’s stock worth $14,026,000 after purchasing an additional 2,056 shares in the last quarter. Integrated Advisors Network LLC lifted its position in S&P Global by 9.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 822 shares of the business services provider’s stock worth $300,000 after acquiring an additional 68 shares during the last quarter. Hohimer Wealth Management LLC lifted its position in S&P Global by 1.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 2,457 shares of the business services provider’s stock worth $898,000 after acquiring an additional 27 shares during the last quarter. Polar Capital Holdings Plc lifted its position in S&P Global by 9.8% during the 3rd quarter. Polar Capital Holdings Plc now owns 32,201 shares of the business services provider’s stock worth $11,767,000 after acquiring an additional 2,881 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in S&P Global by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after acquiring an additional 881,215 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.
Featured Articles
- Five stocks we like better than S&P Global
- What is the Nikkei 225 index?
- Sales Breakout Sends This Semiconductor Stock to Record High
- How to Invest in Biotech Stocks
- Surprise Buying Opportunity on This Dividend Aristocrat
- Canada Bond Market Holiday: How to Invest and Trade
- New Theme Park Powerhouse: Merger Creates Industry-Leading Stock
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.