S&P Global (NYSE:SPGI) Price Target Raised to $254.00
S&P Global (NYSE:SPGI) had its price objective boosted by Morgan Stanley from $232.00 to $254.00 in a report issued on Wednesday morning, Stock Target Advisor reports. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut 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 Diageo and gave the stock a neutral rating in a research note on Wednesday. UBS Group raised their price objective on Willis Towers Watson from $202.00 to $220.00 and gave the stock a buy rating in a research note on Wednesday. Raymond James restated 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 objective on WPX Energy and gave the stock 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 presently has a consensus rating of Buy and a consensus target price of $225.55.
SPGI stock opened at $241.26 on Wednesday. S&P Global has a twelve month low of $156.68 and a twelve month high of $241.29. 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 firm has a market capitalization of $58.70 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.91 and a beta of 1.08. The stock’s 50 day moving average is $225.73.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, August 26th. 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 on Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total value of $232,053.08. Following the sale, the chief executive officer now directly owns 18,723 shares in the company, valued at $4,314,528.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $211.01, for a total value of $1,266,060.00. Following the completion of the sale, the chief executive officer now owns 173,431 shares in the company, valued at $36,595,675.31. The disclosure for this sale can be found here. Insiders sold 21,312 shares of company stock worth $4,593,028 over the last quarter. 0.20% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in shares of S&P Global by 3.1% during the second quarter. Nisa Investment Advisors LLC now owns 81,285 shares of the business services provider’s stock valued at $18,516,000 after purchasing an additional 2,406 shares during the period. CENTRAL TRUST Co increased its holdings in shares of S&P Global by 70.5% during the second quarter. CENTRAL TRUST Co now owns 6,810 shares of the business services provider’s stock valued at $1,623,000 after purchasing an additional 2,816 shares during the period. Enterprise Bank & Trust Co increased its holdings in shares of S&P Global by 1.8% during the second quarter. Enterprise Bank & Trust Co now owns 4,262 shares of the business services provider’s stock valued at $971,000 after purchasing an additional 75 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of S&P Global by 4.0% during the second quarter. Xact Kapitalforvaltning AB now owns 55,891 shares of the business services provider’s stock valued at $12,731,000 after purchasing an additional 2,143 shares during the period. Finally, Exane Derivatives acquired a new position in shares of S&P Global during the second quarter valued at $356,000. 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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