Oppenheimer Raises S&P Global (NYSE:SPGI) Price Target to $592.00

S&P Global (NYSE:SPGI - Free Report) had its price objective hoisted by Oppenheimer from $567.00 to $592.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the business services provider's stock.

Several other equities research analysts have also issued reports on the stock. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Robert W. Baird lowered their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. UBS Group lifted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $593.57.

S&P Global Price Performance

NYSE:SPGI traded down $3.64 during trading hours on Wednesday, hitting $525.68. The stock had a trading volume of 917,676 shares, compared to its average volume of 1,233,010. The company has a 50 day simple moving average of $509.23 and a two-hundred day simple moving average of $503.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. S&P Global has a one year low of $427.14 and a one year high of $545.39. The firm has a market capitalization of $161.23 billion, a price-to-earnings ratio of 41.29, a P/E/G ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.01 earnings per share. Research analysts forecast that S&P Global will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.73%. S&P Global's payout ratio is 30.16%.

Insider Buying and Selling

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On S&P Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new position in shares of S&P Global during the fourth quarter valued at about $25,000. Costello Asset Management INC purchased a new position in S&P Global during the 1st quarter valued at about $26,000. Cheviot Value Management LLC purchased a new position in S&P Global during the 1st quarter valued at about $26,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the 4th quarter valued at approximately $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the 1st quarter worth approximately $28,000. 87.17% of the stock is currently owned by institutional investors.

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.