S&P Global (NYSE:SPGI) had its price objective boosted by UBS Group from $252.00 to $260.00 in a research report report published on Wednesday, Stock Target Advisor reports. They currently have a buy rating on the business services provider’s stock.
Several other research analysts have also recently weighed in on the stock. Morgan Stanley reiterated an overweight rating and set a GBX 4,000 ($52.27) price target on shares of in a research note on Thursday, June 13th. Zacks Investment Research cut shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research note on Monday, May 6th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price target on shares of Diageo and gave the stock a neutral rating in a research note on Wednesday. Raymond James reiterated a hold rating on shares of Snc-Lavalin Group in a research note on Tuesday, April 9th. Finally, Piper Jaffray Companies set a $16.00 price target on shares of WPX Energy and gave the stock a buy rating in a research note on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $225.55.
Shares of S&P Global stock opened at $241.26 on Wednesday. The stock’s fifty day simple moving average is $225.73. The stock has a market cap of $58.70 billion, a PE ratio of 28.38, a PEG ratio of 1.91 and a beta of 1.08. S&P Global has a 1-year low of $156.68 and a 1-year high of $241.29. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 11.03.
The company 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 $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s dividend payout ratio (DPR) is 26.82%.
In related news, CFO Ewout L. Steenbergen sold 8,000 shares of S&P Global stock in a transaction on Monday, May 6th. The shares were sold at an average price of $215.59, for a total transaction of $1,724,720.00. Following the transaction, the chief financial officer now owns 15,694 shares in the company, valued at approximately $3,383,469.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of S&P Global stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total transaction of $232,053.08. Following the transaction, the chief executive officer now owns 18,723 shares in the company, valued at approximately $4,314,528.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,312 shares of company stock worth $4,593,028. 0.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Securities Inc. acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $235,000. Bessemer Group Inc. lifted its position in shares of S&P Global by 1.1% in the fourth quarter. Bessemer Group Inc. now owns 8,373 shares of the business services provider’s stock valued at $1,423,000 after buying an additional 89 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of S&P Global by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 766,177 shares of the business services provider’s stock worth $130,202,000 after purchasing an additional 30,814 shares during the period. Natixis Advisors L.P. increased its stake in shares of S&P Global by 0.7% during the fourth quarter. Natixis Advisors L.P. now owns 13,777 shares of the business services provider’s stock worth $2,341,000 after purchasing an additional 92 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of S&P Global by 40.1% during the fourth quarter. Stifel Financial Corp now owns 63,106 shares of the business services provider’s stock worth $10,794,000 after purchasing an additional 18,059 shares during the period. Institutional investors own 82.77% of the company’s stock.
About S&P Global
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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