S&P Global Inc. (NYSE:SPGI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of S&P Global Inc. (NYSE:SPGI) have received an average rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $467.89.

Several research firms have weighed in on SPGI. BMO Capital Markets increased their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Oppenheimer lifted their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Barclays upped their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research report on Friday, June 21st. Finally, Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd.

S&P Global Price Performance

NYSE:SPGI opened at $448.91 on Friday. S&P Global has a 12-month low of $340.49 and a 12-month high of $461.16. The firm has a market capitalization of $140.46 billion, a price-to-earnings ratio of 50.33, a P/E/G ratio of 2.49 and a beta of 1.15. The stock’s 50 day moving average price is $430.07 and its two-hundred day moving average price is $431.44. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. On average, analysts anticipate that S&P Global will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.81%. S&P Global’s dividend payout ratio is 40.81%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. D.B. Root & Company LLC lifted its position in shares of S&P Global by 3.6% during the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after buying an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC lifted its holdings in shares of S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after acquiring an additional 23 shares during the last quarter. Allworth Financial LP grew its holdings in shares of S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 24 shares during the last quarter. Oakworth Capital Inc. grew its holdings in shares of S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky increased its position in S&P Global by 1.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after purchasing an additional 25 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

About S&P Global

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.