1 week Ago By ABMN Staff
Shares of S&P Global Inc. ( NYSE:SPGI – Get Free Report ) have earned a consensus rating of “Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company.
The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $535.25. Several research firms have recently weighed in on SPGI.
Oppenheimer boosted their price target on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st.
Barclays boosted their target price on S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st.
Wells Fargo & Company upgraded shares of S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Royal Bank of Canada increased their price objective on shares of S&P Global from $500.00 to $552.
00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. increased their price target on S&P Global from $550.
00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Check Out Our Latest Analysis on SPGI S&P Global Stock Performance S&P Global ( NYSE:SPGI – Get Free Report ) last announced its earnings results on Tuesday, July 30th.
The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.
37. S&P Global had a net margin of 25.03% and a return on equity of 13.
03%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.
42 billion. During the same quarter in the previous year, the business posted $3.12 EPS.
The company’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, research analysts expect that S&P Global will post 14.
57 earnings per share for the current year. S&P Global Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.
91 per share. This represents a $3.64 annualized dividend and a yield of 0.
71%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.
81%. Insiders Place Their Bets In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction on Wednesday, August 7th.
The shares were sold at an average price of $481.28, for a total value of $3,687,567.36.
Following the sale, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink .
In related news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.
28, for a total value of $3,687,567.36. Following the completion of the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.
40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . Also, CEO Douglas L.
Peterson sold 7,000 shares of S&P Global stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.
00. Following the completion of the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at $74,915,443.20.
The disclosure for this sale can be found here . Insiders sold 17,862 shares of company stock worth $8,645,727 in the last three months. 0.
10% of the stock is owned by company insiders. Institutional Trading of S&P Global Several institutional investors have recently added to or reduced their stakes in the company. Janney Capital Management LLC grew its holdings in shares of S&P Global by 2.
7% in the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after purchasing an additional 461 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in S&P Global by 15.
7% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after buying an additional 190,758 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in S&P Global by 107.
2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after acquiring an additional 2,962 shares in the last quarter. Stifel Financial Corp increased its position in shares of S&P Global by 1.
1% during the fourth quarter. Stifel Financial Corp now owns 475,930 shares of the business services provider’s stock worth $209,670,000 after acquiring an additional 5,087 shares during the period. Finally, AAFMAA Wealth Management & Trust LLC bought a new stake in shares of S&P Global during the first quarter valued at approximately $1,222,000.
Institutional investors own 87.17% of the company’s stock. About S&P Global ( Get Free Report S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets.
It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments. Featured Stories Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter .
.
