Shares of S&P Global Inc (NYSE:SPGI) have earned an average rating of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $206.46.

Several equities research analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of S&P Global in a report on Wednesday, November 14th. They set a “buy” rating and a $225.00 price objective on the stock. Morgan Stanley set a $202.00 price target on S&P Global and gave the company a “hold” rating in a research report on Friday, October 26th. Raymond James decreased their price target on S&P Global from $222.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. BMO Capital Markets decreased their price target on S&P Global from $197.00 to $185.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. Finally, Wells Fargo & Co decreased their price target on S&P Global from $205.00 to $180.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th.

NYSE SPGI traded down $4.05 during trading on Monday, hitting $177.28. 1,492,400 shares of the company’s stock traded hands, compared to its average volume of 1,287,238. The company has a market cap of $45.50 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.48 and a beta of 1.18. S&P Global has a 12-month low of $160.56 and a 12-month high of $217.31. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.82.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 25th. The business services provider reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.10. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. As a group, equities research analysts anticipate that S&P Global will post 8.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, November 27th. S&P Global’s dividend payout ratio is presently 29.03%.

In other news, SVP Nancy Luquette sold 225 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $183.51, for a total transaction of $41,289.75. Following the sale, the senior vice president now directly owns 306 shares in the company, valued at $56,154.06. The sale 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.

Institutional investors and hedge funds have recently made changes to their positions in the company. Kaizen Advisory LLC increased its position in shares of S&P Global by 143.4% in the second quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock worth $124,000 after purchasing an additional 357 shares during the last quarter. Sun Life Financial INC increased its position in shares of S&P Global by 209.0% in the second quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock worth $139,000 after purchasing an additional 462 shares during the last quarter. Capital Guardian Trust Co. bought a new position in shares of S&P Global in the third quarter worth approximately $134,000. First Mercantile Trust Co. increased its position in shares of S&P Global by 65.0% in the second quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock worth $173,000 after purchasing an additional 334 shares during the last quarter. Finally, Fiera Capital Corp bought a new position in shares of S&P Global in the second quarter worth approximately $202,000. Hedge funds and other institutional investors own 82.92% of the company’s stock.

S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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