S&P Global (NYSE:SPGI) Price Target Raised to $545.00

S&P Global (NYSE:SPGI) had its target price boosted by Wells Fargo & Company from $525.00 to $545.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird set a $513.00 price target on shares of S&P Global in a research note on Wednesday, September 2nd. Barclays dropped their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Mizuho reduced their target price on shares of S&P Global from $554.00 to $531.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. Citigroup upped their target price on shares of S&P Global from $500.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Friday, October 2nd. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $522.24.

S&P Global Stock Up 1.3%

NYSE SPGI opened at $466.46 on Wednesday. S&P Global has a 52 week low of $381.61 and a 52 week high of $552.25. The company has a quick ratio of 0.95, a current ratio of 0.74 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $135.23 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 2.18 and a beta of 1.09. The stock’s 50-day moving average price is $421.62 and its 200-day moving average price is $431.64.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, October 27th. The business services provider reported $4.58 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.15. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.64 billion. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $4.73 earnings per share. On average, equities research analysts predict that S&P Global will post 17.87 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 25th. S&P Global’s payout ratio is presently 23.14%.

Institutional Trading of S&P Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pingora Partners LLC acquired a new stake in shares of S&P Global in the second quarter valued at approximately $29,000. James T. Borello RIA bought a new stake in S&P Global in the 3rd quarter valued at about $36,000. Richardson Financial Services Inc. boosted its stake in shares of S&P Global by 225.8% in the third quarter. Richardson Financial Services Inc. now owns 101 shares of the business services provider’s stock valued at $40,000 after buying an additional 70 shares during the period. WPG Advisers LLC lifted its position in shares of S&P Global by 37.0% during the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 27 shares during the period. Finally, Fiduciary Financial Advisors acquired a new stake in S&P Global during the second quarter worth about $46,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.