S&P Global (NYSE:SPGI) Now Covered by Evercore ISI

Evercore ISI started coverage on shares of S&P Global (NYSE:SPGI) in a research note released on Wednesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $599.00 price target on the business services provider’s stock.

Several other research analysts have also recently issued reports on SPGI. Barclays upped their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an overweight rating in a report on Friday, September 13th. Oppenheimer raised their price objective on S&P Global from $486.00 to $540.00 and gave the stock an outperform rating in a report on Wednesday, July 31st. Stifel Nicolaus lifted their target price on S&P Global from $535.00 to $540.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Bank of America upped their target price on S&P Global from $530.00 to $540.00 and gave the company a buy rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley lifted their price target on S&P Global from $530.00 to $564.00 and gave the stock an overweight rating in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $556.58.

S&P Global Stock Down 0.5 %

S&P Global stock opened at $512.17 on Wednesday. The stock has a market cap of $160.26 billion, a PE ratio of 57.42, a P/E/G ratio of 2.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s fifty day moving average is $504.86 and its two-hundred day moving average is $461.12. S&P Global has a 1-year low of $340.49 and a 1-year high of $528.02.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.37. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $3.12 EPS. On average, sell-side analysts expect that S&P Global will post 14.57 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Insider Activity at S&P Global

In related news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now directly owns 13,217 shares of the company’s stock, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Edouard Tavernier sold 500 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the transaction, the executive vice president now owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On S&P Global

A number of large investors have recently bought and sold shares of the stock. Capital International Investors raised its holdings in shares of S&P Global by 5.3% in the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock worth $2,464,951,000 after acquiring an additional 291,712 shares during the last quarter. Legal & General Group Plc raised its stake in S&P Global by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after purchasing an additional 29,227 shares during the last quarter. Capital World Investors raised its stake in S&P Global by 0.5% in the 4th quarter. Capital World Investors now owns 2,818,729 shares of the business services provider’s stock valued at $1,241,706,000 after purchasing an additional 12,644 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares during the last quarter. Finally, Sustainable Growth Advisers LP grew its holdings in shares of S&P Global by 2.1% during the first quarter. Sustainable Growth Advisers LP now owns 2,199,754 shares of the business services provider’s stock worth $935,885,000 after buying an additional 46,131 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.