S&P Global (NYSE:SPGI) Price Target Raised to $254.00
S&P Global (NYSE:SPGI) had its target price hoisted by Morgan Stanley from $232.00 to $254.00 in a research note released on Wednesday morning, Stock Target Advisor reports. The brokerage currently has an equal weight rating on the business services provider’s stock.
Other research analysts have also recently issued research reports about the stock. UBS Group upped their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a buy rating in a report on Wednesday. Raymond James reissued a hold rating on shares of Snc-Lavalin Group in a research note on Tuesday, April 9th. Zacks Investment Research cut GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research note on Monday, May 6th. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on Diageo and gave the company a neutral rating in a research note on Wednesday. Finally, Piper Jaffray Companies set a $16.00 target price on WPX Energy and gave the company a buy rating in a research note on Friday, April 5th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. S&P Global has an average rating of Buy and an average price target of $225.55.
S&P Global stock opened at $241.26 on Wednesday. The company has a market capitalization of $58.70 billion, a PE ratio of 28.38, a P/E/G ratio of 1.91 and a beta of 1.08. S&P Global has a fifty-two week low of $156.68 and a fifty-two week high of $241.29. The stock has a fifty day moving average price of $225.73. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 11.03.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, August 26th. This represents a $2.28 annualized dividend and a yield of 0.95%. S&P Global’s payout ratio is 26.82%.
In other S&P Global news, SVP Nancy Luquette sold 2,200 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $216.85, for a total transaction of $477,070.00. Following the completion of the sale, the senior vice president now directly owns 2,340 shares in the company, valued at $507,429. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ewout L. Steenbergen sold 8,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $215.59, for a total transaction of $1,724,720.00. Following the sale, the chief financial officer now owns 15,694 shares of the company’s stock, valued at $3,383,469.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,312 shares of company stock valued at $4,593,028. Company insiders own 0.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CAPROCK Group Inc. lifted its stake in S&P Global by 17.1% in the 1st quarter. CAPROCK Group Inc. now owns 1,620 shares of the business services provider’s stock worth $341,000 after purchasing an additional 236 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of S&P Global by 3.3% in the fourth quarter. Nordea Investment Management AB now owns 409,183 shares of the business services provider’s stock worth $69,538,000 after acquiring an additional 12,882 shares during the period. Legal & General Group Plc grew its position in S&P Global by 9.1% during the fourth quarter. Legal & General Group Plc now owns 1,291,174 shares of the business services provider’s stock valued at $219,379,000 after buying an additional 107,927 shares during the period. Bbva Compass Bancshares Inc. lifted its holdings in S&P Global by 3.4% during the first quarter. Bbva Compass Bancshares Inc. now owns 4,903 shares of the business services provider’s stock valued at $1,032,000 after purchasing an additional 163 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of S&P Global by 11.1% in the first quarter. Quadrant Capital Group LLC now owns 1,611 shares of the business services provider’s stock worth $327,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.
About S&P Global
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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