S&P Global Inc. (NYSE:SPGI) Receives $573.23 Average Price Target from Brokerages

S&P Global Inc. (NYSE:SPGI) has been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $575.14.

SPGI has been the subject of a number of analyst reports. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets decreased their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Oppenheimer lifted their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Barclays upped their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th.

S&P Global Price Performance

SPGI stock opened at $491.81 on Friday. The firm has a market cap of $152.61 billion, a P/E ratio of 43.41, a P/E/G ratio of 2.53 and a beta of 1.19. The firm’s fifty day moving average is $507.05 and its 200 day moving average is $493.12. S&P Global has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the firm earned $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts predict that S&P Global will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.74%. The ex-dividend date was Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Hedge Funds Weigh In On S&P Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Gradient Investments LLC lifted its stake in shares of S&P Global by 1,538.5% in the second quarter. Gradient Investments LLC now owns 213 shares of the business services provider’s stock worth $95,000 after buying an additional 200 shares in the last quarter. Western Wealth Management LLC lifted its position in S&P Global by 21.0% in the 2nd quarter. Western Wealth Management LLC now owns 3,725 shares of the business services provider’s stock valued at $1,661,000 after acquiring an additional 647 shares in the last quarter. MONECO Advisors LLC purchased a new stake in S&P Global during the 2nd quarter valued at $214,000. Apollon Wealth Management LLC increased its holdings in shares of S&P Global by 0.7% in the 2nd quarter. Apollon Wealth Management LLC now owns 19,107 shares of the business services provider’s stock worth $8,522,000 after purchasing an additional 130 shares in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC raised its stake in shares of S&P Global by 28.0% in the second quarter. AAFMAA Wealth Management & Trust LLC now owns 3,677 shares of the business services provider’s stock worth $1,640,000 after purchasing an additional 805 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

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.