S&P Global (NYSE:SPGI) had its price objective upped by Jefferies Financial Group from $339.00 to $400.00 in a research note published on Wednesday morning, BenzingaRatingsTable reports. They currently have a buy rating on the business services provider’s stock. Jefferies Financial Group also issued estimates for S&P Global’s FY2020 earnings at $10.95 EPS, FY2021 earnings at $11.94 EPS and FY2022 earnings at $13.51 EPS.

SPGI has been the subject of a number of other reports. Wells Fargo & Co boosted their target price on shares of S&P Global from $250.00 to $260.00 in a research report on Thursday, April 30th. Goldman Sachs Group upgraded shares of S&P Global from a buy rating to a conviction-buy rating and boosted their target price for the company from $336.00 to $397.00 in a research report on Wednesday, July 8th. BMO Capital Markets boosted their target price on shares of S&P Global from $322.00 to $365.00 in a research report on Monday, June 8th. Stifel Nicolaus decreased their target price on shares of S&P Global from $322.00 to $280.00 and set a hold rating for the company in a research report on Tuesday, April 14th. Finally, Morgan Stanley boosted their target price on shares of S&P Global from $342.00 to $361.00 and gave the company an overweight rating in a research report on Wednesday, July 8th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $337.06.

NYSE:SPGI opened at $350.25 on Wednesday. S&P Global has a 12 month low of $186.05 and a 12 month high of $360.00. The firm has a fifty day simple moving average of $337.97 and a 200-day simple moving average of $297.60. The company has a current ratio of 1.47, a quick ratio of 1.24 and a debt-to-equity ratio of 16.90. The company has a market capitalization of $84.41 billion, a P/E ratio of 31.50, a PEG ratio of 3.20 and a beta of 1.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $3.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $0.64. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.78 billion. S&P Global had a net margin of 36.19% and a return on equity of 1,072.73%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.43 earnings per share. Equities analysts forecast that S&P Global will post 10.94 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.77%. S&P Global’s dividend payout ratio is currently 28.12%.

In other news, CFO Ewout L. Steenbergen sold 8,800 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $350.59, for a total transaction of $3,085,192.00. Following the completion of the sale, the chief financial officer now owns 18,291 shares of the company’s stock, valued at $6,412,641.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas L. Peterson sold 30,000 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $351.44, for a total transaction of $10,543,200.00. Following the sale, the chief executive officer now directly owns 173,293 shares of the company’s stock, valued at approximately $60,902,091.92. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen Asset Management LLC grew its stake in S&P Global by 0.5% during the 1st quarter. Nuveen Asset Management LLC now owns 3,636,820 shares of the business services provider’s stock valued at $891,203,000 after acquiring an additional 18,590 shares in the last quarter. Capital World Investors grew its stake in S&P Global by 88.9% during the 1st quarter. Capital World Investors now owns 3,372,454 shares of the business services provider’s stock valued at $826,420,000 after acquiring an additional 1,587,513 shares in the last quarter. Capital International Investors grew its stake in S&P Global by 52.2% during the 1st quarter. Capital International Investors now owns 3,264,366 shares of the business services provider’s stock valued at $799,933,000 after acquiring an additional 1,119,603 shares in the last quarter. Bank of New York Mellon Corp grew its stake in S&P Global by 9.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,728,997 shares of the business services provider’s stock valued at $668,740,000 after acquiring an additional 239,068 shares in the last quarter. Finally, Cantillon Capital Management LLC grew its stake in S&P Global by 1.0% during the 2nd quarter. Cantillon Capital Management LLC now owns 2,638,926 shares of the business services provider’s stock valued at $869,474,000 after acquiring an additional 26,469 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

S&P Global Company Profile

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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Analyst Recommendations for S&P Global (NYSE:SPGI)

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