S&P Global Inc. (NYSE:SPGI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of S&P Global Inc. (NYSE:SPGI) have earned a consensus recommendation of “Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $612.3846.

SPGI has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Citigroup upped their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $538.00 target price on shares of S&P Global in a research note on Friday.

S&P Global Trading Up 0.5%

SPGI opened at $499.59 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $152.53 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The firm has a 50 day simple moving average of $505.31 and a 200 day simple moving average of $516.16. S&P Global has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share 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%. On average, sell-side analysts anticipate that S&P Global will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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

Institutional Investors Weigh In On S&P Global

Several large investors have recently made changes to their positions in SPGI. Brighton Jones LLC increased its position in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares in the last quarter. Strategic Blueprint LLC increased its position in shares of S&P Global by 6.4% during the first quarter. Strategic Blueprint LLC now owns 937 shares of the business services provider’s stock worth $476,000 after acquiring an additional 56 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of S&P Global by 42.9% during the first quarter. Penserra Capital Management LLC now owns 3,245 shares of the business services provider’s stock worth $1,647,000 after acquiring an additional 974 shares in the last quarter. Callan Capital LLC increased its position in shares of S&P Global by 10.9% during the first quarter. Callan Capital LLC now owns 1,228 shares of the business services provider’s stock worth $624,000 after acquiring an additional 121 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its position in S&P Global by 84.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,484 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 680 shares in the last quarter. 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.