S&P Global (NYSE:SPGI) had its target price upped by Morgan Stanley from $192.00 to $198.00 in a research note issued to investors on Wednesday, February 7th. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.
SPGI has been the subject of several other reports. BMO Capital Markets reiterated a buy rating and issued a $177.00 target price on shares of S&P Global in a report on Friday, October 13th. Zacks Investment Research upgraded shares of S&P Global from a hold rating to a buy rating and set a $204.00 price target for the company in a report on Tuesday, January 23rd. Barclays raised their price objective on shares of S&P Global from $170.00 to $180.00 and gave the company an overweight rating in a research report on Friday, October 27th. Goldman Sachs Group reaffirmed a neutral rating and set a $176.00 price objective on shares of S&P Global in a research report on Wednesday, October 18th. Finally, Piper Jaffray Companies raised their price objective on shares of S&P Global from $150.00 to $168.00 and gave the company an overweight rating in a research report on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $190.36.
S&P Global (NYSE:SPGI) traded down $0.04 during trading on Wednesday, reaching $185.99. 594,854 shares of the company’s stock traded hands, compared to its average volume of 1,324,448. The firm has a market cap of $47,410.00, a PE ratio of 32.22, a price-to-earnings-growth ratio of 1.71 and a beta of 1.52. The company has a debt-to-equity ratio of 4.13, a quick ratio of 1.52 and a current ratio of 1.35. S&P Global has a 52-week low of $127.28 and a 52-week high of $187.30.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, February 23rd. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s dividend payout ratio (DPR) is 28.42%.
Hedge funds have recently bought and sold shares of the stock. USA Mutuals Advisors Inc. acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $108,000. Financial Gravity Companies Inc. purchased a new position in S&P Global in the fourth quarter worth $115,000. Truewealth LLC purchased a new position in S&P Global in the fourth quarter worth $112,000. Cerebellum GP LLC purchased a new position in S&P Global in the fourth quarter worth $129,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in S&P Global by 89.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock worth $142,000 after purchasing an additional 396 shares during the last quarter. 85.21% of the stock is owned by institutional investors.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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