Analysts Set S&P Global Inc. (NYSE:SPGI) Target Price at $490.55

S&P Global Inc. (NYSE:SPGI) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $490.55.

Several brokerages recently commented on SPGI. Bank of America upped their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. BMO Capital Markets upped their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. UBS Group upped their target price on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Oppenheimer upped their target price on S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a report on Monday, July 1st. Finally, Barclays upped their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd.

S&P Global Stock Performance

S&P Global stock opened at $487.32 on Thursday. The business has a 50 day moving average of $446.58 and a 200-day moving average of $435.41. S&P Global has a 1 year low of $340.49 and a 1 year high of $491.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $152.48 billion, a P/E ratio of 54.63, a P/E/G ratio of 2.72 and a beta of 1.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. On average, equities research analysts predict that S&P Global will post 14.25 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio is presently 40.81%.

Institutional Investors Weigh In On S&P Global

Several large investors have recently made changes to their positions in the business. Argus Investors Counsel Inc. increased its position in shares of S&P Global by 11.9% during the 2nd quarter. Argus Investors Counsel Inc. now owns 5,606 shares of the business services provider’s stock valued at $2,500,000 after purchasing an additional 597 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in shares of S&P Global by 8.3% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,950 shares of the business services provider’s stock valued at $1,316,000 after purchasing an additional 226 shares during the last quarter. Reliant Investment Management LLC increased its position in shares of S&P Global by 3.3% during the 2nd quarter. Reliant Investment Management LLC now owns 9,881 shares of the business services provider’s stock valued at $4,407,000 after purchasing an additional 318 shares during the last quarter. Ayrshire Capital Management LLC grew its stake in shares of S&P Global by 2.3% during the 2nd quarter. Ayrshire Capital Management LLC now owns 1,023 shares of the business services provider’s stock worth $456,000 after acquiring an additional 23 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its stake in shares of S&P Global by 24.2% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 2,724 shares of the business services provider’s stock worth $1,215,000 after acquiring an additional 531 shares during the period. 87.17% of the stock is owned by hedge funds and other 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.