Analysts Set S&P Global Inc. (NYSE:SPGI) Target Price at $592.71

Shares of S&P Global Inc. (NYSE:SPGI) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $592.71.

SPGI has been the topic of several research analyst reports. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Bank of America started coverage on S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 target price on the stock. Robert W. Baird dropped their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On S&P Global

Several institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in shares of S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares during the period. Personal CFO Solutions LLC lifted its holdings in S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after buying an additional 20 shares in the last quarter. Stegent Equity Advisors Inc. boosted its position in S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after buying an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC grew its stake in S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after acquiring an additional 20 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its position in shares of S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after acquiring an additional 21 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.6%

NYSE SPGI opened at $522.36 on Wednesday. S&P Global has a 52 week low of $419.49 and a 52 week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $160.21 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The stock’s 50-day moving average price is $487.94 and its 200-day moving average price is $502.70.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $4.01 EPS. On average, equities research analysts predict that S&P Global will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio is currently 30.16%.

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.