S&P Global (NYSE:SPGI) PT Lowered to $585.00 at JPMorgan Chase & Co.

S&P Global (NYSE:SPGI) had its price objective decreased by JPMorgan Chase & Co. from $600.00 to $585.00 in a research report sent to investors on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the business services provider’s stock.

SPGI has been the subject of several other research reports. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Barclays raised their target price 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. Oppenheimer raised their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Wells Fargo & Company raised their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley raised their target price on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $569.77.

S&P Global Stock Down 0.5 %

Shares of NYSE SPGI traded down $2.60 on Friday, reaching $490.61. 984,517 shares of the company’s stock traded hands, compared to its average volume of 1,198,610. The company has a market cap of $153.56 billion, a price-to-earnings ratio of 46.50, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $513.82 and its two-hundred day simple moving average is $470.56. S&P Global has a 12 month low of $340.49 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.21 earnings per share. As a group, equities research analysts forecast that S&P Global will post 14.79 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 34.50%.

Insider Activity at S&P Global

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of S&P Global

Large investors have recently made changes to their positions in the business. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the 3rd quarter valued at about $27,000. Sachetta LLC raised its position in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. HWG Holdings LP purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $27,000. Voisard Asset Management Group Inc. raised its position in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $31,000. 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.