S&P Global Inc. (NYSE:SPGI) Receives $584.54 Consensus Price Target from Brokerages

Shares of S&P Global Inc. (NYSE:SPGI) have been given a consensus rating of “Moderate Buy” by the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $584.54.

SPGI has been the topic of a number of research analyst reports. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Morgan Stanley boosted their target price on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus increased their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company dropped their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th.

Institutional Trading of S&P Global

Several institutional investors have recently bought and sold shares of SPGI. Czech National Bank lifted its holdings in shares of S&P Global by 6.9% during the third quarter. Czech National Bank now owns 65,228 shares of the business services provider’s stock valued at $33,698,000 after acquiring an additional 4,229 shares during the period. GAMMA Investing LLC lifted its holdings in S&P Global by 20.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,033 shares of the business services provider’s stock valued at $1,567,000 after purchasing an additional 518 shares during the last quarter. Diversified Trust Co boosted its position in S&P Global by 41.1% in the third quarter. Diversified Trust Co now owns 1,689 shares of the business services provider’s stock valued at $873,000 after buying an additional 492 shares in the last quarter. Smith Anglin Financial LLC grew its stake in S&P Global by 7.3% during the third quarter. Smith Anglin Financial LLC now owns 512 shares of the business services provider’s stock worth $265,000 after buying an additional 35 shares during the last quarter. Finally, Chemistry Wealth Management LLC increased its holdings in shares of S&P Global by 0.8% during the third quarter. Chemistry Wealth Management LLC now owns 4,580 shares of the business services provider’s stock worth $2,366,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.0 %

SPGI opened at $519.00 on Monday. S&P Global has a twelve month low of $407.69 and a twelve month 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. The business has a 50 day moving average price of $505.85 and a 200 day moving average price of $505.61. The firm has a market cap of $161.05 billion, a P/E ratio of 45.81, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is presently 32.13%.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.