S&P Global (NYSE:SPGI) Reaches New 52-Week High at $494.09

S&P Global Inc. (NYSE:SPGI)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $494.09 and last traded at $492.48, with a volume of 116078 shares traded. The stock had previously closed at $487.32.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Bank of America upped their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Oppenheimer increased their price objective on S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a research note on Monday, July 1st. Stifel Nicolaus increased their price objective on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. UBS Group increased their price objective on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Barclays increased their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $490.55.

S&P Global Stock Performance

The stock’s 50-day moving average price is $446.58 and its 200-day moving average price is $435.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $154.95 billion, a price-to-earnings ratio of 54.63, a P/E/G ratio of 2.72 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. As a group, equities research analysts expect that S&P Global Inc. will post 14.25 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is currently 40.81%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sapient Capital LLC raised its position in shares of S&P Global by 2.5% during the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after purchasing an additional 21 shares during the last quarter. Chatham Capital Group Inc. grew its stake in S&P Global by 0.5% in the 2nd quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after acquiring an additional 21 shares during the period. D.B. Root & Company LLC grew its stake in S&P Global by 2.4% in the 2nd quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock worth $426,000 after acquiring an additional 22 shares during the period. Mayflower Financial Advisors LLC grew its stake in S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after acquiring an additional 23 shares during the period. Finally, Ayrshire Capital Management LLC grew its stake in S&P Global by 2.3% in 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. 87.17% of the stock is currently owned by institutional investors and hedge funds.

About S&P Global

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.