S&P Global (NYSE:SPGI) Given Outperform Rating at William Blair

William Blair reaffirmed their outperform rating on shares of S&P Global (NYSE:SPGI) in a report issued on Monday,RTT News reports.

Several other research analysts have also commented on the company. Citigroup raised their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Mizuho increased their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, Evercore ISI lifted their price objective on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $613.00.

S&P Global Stock Down 1.1%

Shares of NYSE:SPGI opened at $488.37 on Monday. The stock has a 50-day simple moving average of $496.44 and a 200-day simple moving average of $517.12. The stock has a market capitalization of $147.88 billion, a P/E ratio of 37.57, a PEG ratio of 2.50 and a beta of 1.17. S&P Global has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

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

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid 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 is Tuesday, November 25th. S&P Global’s dividend payout ratio is 27.93%.

Institutional Trading of S&P Global

Several institutional investors have recently added to or reduced their stakes in SPGI. Costello Asset Management INC acquired a new stake in shares of S&P Global in the 1st quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in S&P Global in the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global in the second quarter valued at about $26,000. MTM Investment Management LLC acquired a new stake in S&P Global during the second quarter valued at approximately $27,000. Finally, J.Safra Asset Management Corp acquired a new stake in S&P Global during the third quarter valued at approximately $29,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Company Profile

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.