S&P Global (SPGI) Receives New Coverage from Analysts at Stifel Nicolaus
Stifel Nicolaus started coverage on shares of S&P Global (NYSE:SPGI) in a research note issued to investors on Tuesday. The firm issued a hold rating and a $186.00 price objective on the business services provider’s stock.
Several other equities research analysts have also issued reports on the stock. Barclays reiterated an overweight rating and set a $190.00 target price (up from $185.00) on shares of S&P Global in a research report on Friday, December 15th. UBS lifted their price target on shares of S&P Global from $173.00 to $185.00 and gave the stock a buy rating in a research note on Friday, October 27th. Wells Fargo & Company lifted their price target on shares of S&P Global from $159.00 to $165.00 and gave the stock a market perform rating in a research note on Friday, October 27th. BMO Capital Markets downgraded shares of S&P Global from an outperform rating to a market perform rating and set a $166.00 price target on the stock. in a research note on Friday, October 27th. Finally, Cantor Fitzgerald reissued a buy rating and set a $177.00 price target on shares of S&P Global in a research note on Thursday, October 26th. Five investment 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 a consensus target price of $170.17.
Shares of S&P Global (SPGI) opened at $172.00 on Tuesday. S&P Global has a 1 year low of $107.21 and a 1 year high of $174.07. The stock has a market cap of $43,582.05, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.06 and a beta of 1.51. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Monday, November 27th. S&P Global’s payout ratio is currently 24.08%.
In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the transaction, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Courtney Geduldig sold 1,404 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $159.38, for a total transaction of $223,769.52. Following the sale, the executive vice president now owns 1,259 shares in the company, valued at approximately $200,659.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,000 shares of company stock worth $1,104,704. Insiders own 0.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in SPGI. BlackRock Inc. boosted its holdings in shares of S&P Global by 11.3% during the 2nd quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock valued at $2,510,617,000 after buying an additional 1,744,482 shares in the last quarter. Janus Henderson Group PLC boosted its stake in S&P Global by 4,882.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,745,016 shares of the business services provider’s stock worth $254,755,000 after purchasing an additional 1,709,993 shares in the last quarter. AJO LP bought a new position in S&P Global in the 2nd quarter worth about $130,724,000. Alliancebernstein L.P. boosted its stake in S&P Global by 61.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider’s stock worth $268,235,000 after purchasing an additional 700,194 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in S&P Global by 109.6% in the 3rd quarter. American Century Companies Inc. now owns 1,182,826 shares of the business services provider’s stock worth $184,888,000 after purchasing an additional 618,411 shares in the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.
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About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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