S&P Global (NYSE:SPGI) Price Target Raised to $629.00

S&P Global (NYSE:SPGI) had its price objective raised by Evercore ISI from $619.00 to $629.00 in a research note issued to investors on Friday, MarketBeat reports. They currently have an outperform rating on the business services provider’s stock.

A number of other equities analysts also recently commented on SPGI. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Citigroup boosted their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. BMO Capital Markets restated an “outperform” rating and set a $538.00 price target on shares of S&P Global in a research note on Friday. UBS Group boosted their price target on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, Mizuho boosted their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $612.38.

S&P Global Stock Performance

Shares of S&P Global stock opened at $487.37 on Friday. The company has a market capitalization of $148.80 billion, a PE ratio of 37.49, a P/E/G ratio of 2.50 and a beta of 1.19. 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 50-day simple moving average of $507.44 and a two-hundred day simple moving average of $515.66. S&P Global has a one year low of $427.14 and a one year high of $579.05.

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

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 27.93%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares in the last quarter. TCI Fund Management Ltd. boosted its position in S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after purchasing an additional 730,354 shares in the last quarter. Geode Capital Management LLC boosted its position in S&P Global by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after purchasing an additional 42,724 shares in the last quarter. Norges Bank purchased a new stake in S&P Global in the 2nd quarter worth approximately $2,188,945,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock worth $1,618,934,000 after purchasing an additional 114,843 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

About S&P Global

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.