S&P Global (NYSE:SPGI) Hits New 1-Year High at $502.80

Shares of S&P Global Inc. (NYSE:SPGI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $502.80 and last traded at $491.77, with a volume of 124122 shares changing hands. The stock had previously closed at $489.83.

Analyst Ratings Changes

Several research analysts have recently commented on SPGI shares. UBS Group lifted their price target on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. BMO Capital Markets raised their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Bank of America boosted their price objective on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $494.50.

S&P Global Price Performance

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’s 50 day moving average price is $451.75 and its 200-day moving average price is $437.40. The company has a market cap of $153.72 billion, a price-to-earnings ratio of 55.11, a PEG ratio of 2.77 and a beta of 1.16.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Institutional Investors Weigh In On S&P Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Sapient Capital LLC raised its holdings in 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 buying an additional 21 shares during the period. Chatham Capital Group Inc. raised its holdings in shares of S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after acquiring an additional 21 shares during the period. D.B. Root & Company LLC lifted its position in shares of 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 valued at $426,000 after acquiring an additional 22 shares in the last quarter. Modera Wealth Management LLC boosted its stake in S&P Global by 2.3% in the 2nd quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock worth $428,000 after purchasing an additional 22 shares during the period. Finally, Mayflower Financial Advisors LLC raised its stake in S&P Global by 3.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

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.