S&P Global Inc. (SPGI) Rating Increased to Overweight at Barclays PLC
S&P Global Inc. (NYSE:SPGI) was upgraded by research analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday. The firm currently has a $145.00 price target on the stock. Barclays PLC’s price objective would indicate a potential upside of 14.33% from the company’s previous close.
SPGI has been the subject of a number of other research reports. Credit Suisse Group AG began coverage on S&P Global in a report on Monday, July 11th. They issued an “outperform” rating and a $123.00 target price for the company. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday. Macquarie began coverage on S&P Global in a report on Thursday, August 25th. They set an “outperform” rating and a $140.00 price objective for the company. Argus increased their price objective on S&P Global from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Finally, Cantor Fitzgerald set a $117.00 price objective on S&P Global and gave the stock a “buy” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $131.43.
S&P Global (NYSE:SPGI) opened at 126.83 on Wednesday. S&P Global has a one year low of $78.55 and a one year high of $128.40. The stock has a market cap of $33.48 billion, a P/E ratio of 29.10 and a beta of 1.22. The company has a 50-day moving average price of $122.40 and a 200-day moving average price of $110.00.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 28th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.10. The company earned $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. S&P Global had a return on equity of 320.10% and a net margin of 21.32%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. On average, analysts anticipate that S&P Global will post $5.19 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.44 annualized dividend and a yield of 1.14%. S&P Global’s dividend payout ratio (DPR) is currently 32.95%.
In other news, SVP Nancy Luquette sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total value of $61,540.00. Following the sale, the senior vice president now directly owns 133 shares of the company’s stock, valued at $16,369.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Finbarr J. Oneill sold 36,674 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $120.97, for a total value of $4,436,453.78. Following the completion of the sale, the insider now directly owns 50,772 shares in the company, valued at $6,141,888.84. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.
Large investors have recently modified their holdings of the stock. NN Investment Partners Holdings N.V. acquired a new stake in shares of S&P Global during the second quarter valued at about $1,099,000. Excalibur Management Corp acquired a new stake in shares of S&P Global during the second quarter valued at about $536,000. RidgeWorth Capital Management LLC acquired a new stake in shares of S&P Global during the second quarter valued at about $5,753,000. Capital One National Association acquired a new stake in shares of S&P Global during the second quarter valued at about $591,000. Finally, Security National Trust Co. acquired a new stake in shares of S&P Global during the second quarter valued at about $211,000. 84.81% of the stock is currently owned by institutional investors.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.
Receive News & Ratings for S&P Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.