S&P Global (NYSE:SPGI) had its price objective raised by Raymond James from $226.00 to $246.00 in a report issued on Wednesday morning, The Fly reports. Raymond James currently has an outperform rating on the business services provider’s stock.

SPGI has been the topic of a number of other reports. UBS Group increased their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a buy rating in a research note on Wednesday. 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 objective on shares of Diageo and gave the company a neutral rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Williams-Sonoma from $52.00 to $56.00 and gave the company an underweight rating in a research note on Wednesday. Finally, Piper Jaffray Companies set a $16.00 price objective on shares of WPX Energy and gave the company a buy rating in a research note on Friday, April 5th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $225.55.

Shares of SPGI opened at $241.26 on Wednesday. The company has a 50-day moving average of $225.73. The company has a debt-to-equity ratio of 11.03, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market cap of $58.85 billion, a P/E ratio of 28.38, a PEG ratio of 1.89 and a beta of 1.08. S&P Global has a 52-week low of $156.68 and a 52-week high of $241.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.12 by ($0.01). The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.60 billion. S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 EPS. As a group, equities analysts forecast that S&P Global will post 9.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a $0.57 dividend. The ex-dividend date is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a yield of 0.95%. S&P Global’s payout ratio is 26.82%.

In other S&P Global news, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total transaction of $232,053.08. Following the sale, the chief executive officer now directly owns 18,723 shares of the company’s stock, valued at approximately $4,314,528.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Courtney Geduldig sold 4,105 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $217.57, for a total transaction of $893,124.85. Following the sale, the executive vice president now directly owns 7,917 shares in the company, valued at $1,722,501.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,312 shares of company stock worth $4,593,028. 0.20% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. OppenheimerFunds Inc. boosted its stake in shares of S&P Global by 2.0% during the 1st quarter. OppenheimerFunds Inc. now owns 4,213,907 shares of the business services provider’s stock worth $887,238,000 after purchasing an additional 80,700 shares during the last quarter. Egerton Capital UK LLP boosted its stake in shares of S&P Global by 11.0% during the 1st quarter. Egerton Capital UK LLP now owns 3,339,926 shares of the business services provider’s stock worth $703,221,000 after purchasing an additional 330,142 shares during the last quarter. Northern Trust Corp boosted its stake in shares of S&P Global by 0.4% during the 1st quarter. Northern Trust Corp now owns 3,108,165 shares of the business services provider’s stock worth $654,425,000 after purchasing an additional 12,880 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of S&P Global by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,856,635 shares of the business services provider’s stock worth $484,484,000 after purchasing an additional 80,031 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of S&P Global during the 4th quarter worth about $391,635,000. 82.77% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for S&P Global (NYSE:SPGI)

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