S&P Global Inc. (NYSE:SPGI) Receives $593.57 Consensus Target Price from Analysts

Shares of S&P Global Inc. (NYSE:SPGI - Get Free Report) have been given an average recommendation of "Buy" by the sixteen analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $593.93.

Several research analysts have recently issued reports on the company. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday. Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target on the stock. Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Wells Fargo & Company increased their price target on shares of S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a research note on Thursday.

S&P Global Trading Up 1.0%

S&P Global stock traded up $5.38 during mid-day trading on Thursday, reaching $531.02. 578,304 shares of the company traded hands, compared to its average volume of 1,233,475. 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 52-week low of $427.14 and a 52-week high of $545.39. The firm has a market capitalization of $162.86 billion, a price-to-earnings ratio of 41.71, a P/E/G ratio of 2.58 and a beta of 1.19. The firm's 50 day moving average price is $512.34 and its 200 day moving average price is $504.30.

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

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Insider Buying and Selling

In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president owned 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On S&P Global

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after acquiring an additional 108,729 shares during the last quarter. Geode Capital Management LLC lifted its position in S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after purchasing an additional 116,208 shares during the period. Norges Bank purchased a new stake in S&P Global in the fourth quarter worth approximately $1,725,084,000. Northern Trust Corp grew its position in S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider's stock worth $1,618,934,000 after purchasing an additional 114,843 shares during the period. 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.