S&P Global Inc. (NYSE:SPGI) Given Average Recommendation of “Buy” by Brokerages

S&P Global Inc. (NYSE:SPGI) has been assigned a consensus recommendation of “Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. Fourteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $612.3846.

A number of brokerages recently commented on SPGI. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Mizuho raised their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th.

Institutional Trading of S&P Global

Large investors have recently bought and sold shares of the company. Emerald Advisers LLC increased its holdings in S&P Global by 2.0% in the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after acquiring an additional 18 shares during the last quarter. Fullcircle Wealth LLC lifted its holdings in S&P Global by 1.0% during the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 18 shares during the last quarter. Summitry LLC boosted its position in S&P Global by 2.1% during the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after purchasing an additional 18 shares during the period. Hamilton Capital LLC increased its stake in shares of S&P Global by 4.5% in the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares in the last quarter. Finally, Sand Hill Global Advisors LLC raised its position in shares of S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 19 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.7%

Shares of SPGI stock opened at $497.07 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $150.51 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.50 and a beta of 1.17. S&P Global has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a 50-day simple moving average of $500.09 and a two-hundred day simple moving average of $517.04.

S&P Global (NYSE:SPGI) last posted its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion for the quarter. Research analysts anticipate that S&P Global will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

S&P Global Company Profile

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.