S&P Global Inc. (NYSE:SPGI) had its target price boosted by Barclays PLC from $160.00 to $170.00 in a research report released on Friday morning. Barclays PLC currently has an overweight rating on the business services provider’s stock.

A number of other brokerages have also weighed in on SPGI. Zacks Investment Research lowered shares of S&P Global from a buy rating to a hold rating in a research note on Tuesday. BMO Capital Markets upped their target price on shares of S&P Global from $161.00 to $164.00 and gave the stock an outperform rating in a research note on Friday, July 28th. Argus reaffirmed a buy rating and issued a $158.00 target price (up from $150.00) on shares of S&P Global in a research note on Monday, May 29th. Morgan Stanley reaffirmed an equal weight rating and issued a $146.00 target price (up from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Finally, UBS AG upped their target price on shares of S&P Global from $154.00 to $175.00 and gave the stock a buy rating in a research note on Friday, July 28th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $157.00.

S&P Global (NYSE SPGI) traded up 0.18% during mid-day trading on Friday, reaching $154.00. The company had a trading volume of 1,085,879 shares. The firm’s 50-day moving average price is $151.84 and its 200-day moving average price is $142.07. S&P Global has a 12 month low of $107.21 and a 12 month high of $158.35. The stock has a market cap of $39.58 billion, a PE ratio of 17.94 and a beta of 1.51.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 EPS. Equities research analysts forecast that S&P Global will post $6.34 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/09/16/sp-global-inc-spgi-price-target-raised-to-170-00-at-barclays-plc.html.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.06%. S&P Global’s dividend payout ratio is 19.16%.

In other news, SVP Nancy Luquette sold 860 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total transaction of $130,290.00. Following the completion of the transaction, the senior vice president now directly owns 106 shares in the company, valued at approximately $16,059. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of SPGI. Russell Investments Group Ltd. boosted its stake in shares of S&P Global by 33.6% during the 1st quarter. Russell Investments Group Ltd. now owns 67,534 shares of the business services provider’s stock worth $8,834,000 after buying an additional 16,973 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of S&P Global by 0.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 47,196 shares of the business services provider’s stock worth $6,170,000 after buying an additional 308 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of S&P Global by 31.3% during the 1st quarter. LS Investment Advisors LLC now owns 26,333 shares of the business services provider’s stock worth $3,443,000 after buying an additional 6,272 shares during the last quarter. Crawford Investment Counsel Inc. boosted its stake in shares of S&P Global by 10.7% during the 1st quarter. Crawford Investment Counsel Inc. now owns 183,635 shares of the business services provider’s stock worth $24,008,000 after buying an additional 17,733 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in shares of S&P Global by 18.2% during the 1st quarter. World Asset Management Inc now owns 30,950 shares of the business services provider’s stock worth $4,046,000 after buying an additional 4,764 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

S&P Global Company Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Analyst Recommendations for S&P Global (NYSE:SPGI)

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.