Shares of S&P Global Inc. (NYSE:SPGI) have been assigned an average recommendation of “Buy” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $397.42.
A number of analysts recently weighed in on the stock. Morgan Stanley restated an “overweight” rating and set a $407.00 target price on shares of S&P Global in a research note on Wednesday, March 24th. Wells Fargo & Company increased their price objective on shares of S&P Global from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, February 10th. UBS Group lifted their price objective on shares of S&P Global from $420.00 to $435.00 and gave the stock a “buy” rating in a research report on Wednesday, February 10th. Finally, Raymond James raised S&P Global from a “market perform” rating to an “outperform” rating and set a $402.00 target price on the stock in a report on Thursday, April 1st.
Several institutional investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. purchased a new position in S&P Global during the 4th quarter worth $27,000. International Assets Investment Management LLC purchased a new position in shares of S&P Global during the fourth quarter worth about $28,000. Evolution Wealth Advisors LLC increased its position in S&P Global by 73.6% in the 4th quarter. Evolution Wealth Advisors LLC now owns 92 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 39 shares during the period. Fortis Group Advisors LLC purchased a new stake in S&P Global during the 3rd quarter valued at approximately $32,000. Finally, Duncker Streett & Co. Inc. lifted its position in S&P Global by 185.7% during the 4th quarter. Duncker Streett & Co. Inc. now owns 100 shares of the business services provider’s stock worth $33,000 after acquiring an additional 65 shares during the period. 81.94% of the stock is currently owned by institutional investors and hedge funds.
S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 8th. The business services provider reported $2.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.51 by $0.20. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.76 billion. S&P Global had a return on equity of 1,009.75% and a net margin of 33.20%. S&P Global’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.53 EPS. On average, analysts expect that S&P Global will post 11.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 24th were issued a $0.77 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.67. This represents a $3.08 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, February 23rd. S&P Global’s dividend payout ratio is presently 32.32%.
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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