Analysts Set S&P Global Inc. (NYSE:SPGI) Price Target at $584.54

Shares of S&P Global Inc. (NYSE:SPGI) have been given an average rating of “Moderate Buy” by the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $584.54.

A number of brokerages have weighed in on SPGI. BMO Capital Markets upped their price target on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley lifted their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th.

S&P Global Stock Down 0.0 %

SPGI opened at $519.00 on Monday. The stock’s fifty day moving average is $505.85 and its 200-day moving average is $505.61. S&P Global has a one year low of $407.69 and a one year high of $533.29. The company has a market capitalization of $161.05 billion, a PE ratio of 45.81, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is 32.13%.

Institutional Investors Weigh In On S&P Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. Czech National Bank boosted its position in S&P Global by 6.9% during the third quarter. Czech National Bank now owns 65,228 shares of the business services provider’s stock valued at $33,698,000 after purchasing an additional 4,229 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of S&P Global by 20.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,033 shares of the business services provider’s stock valued at $1,567,000 after buying an additional 518 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of S&P Global by 41.1% during the 3rd quarter. Diversified Trust Co now owns 1,689 shares of the business services provider’s stock valued at $873,000 after buying an additional 492 shares during the last quarter. Smith Anglin Financial LLC grew its stake in shares of S&P Global by 7.3% in the 3rd quarter. Smith Anglin Financial LLC now owns 512 shares of the business services provider’s stock valued at $265,000 after buying an additional 35 shares in the last quarter. Finally, Chemistry Wealth Management LLC increased its holdings in S&P Global by 0.8% in the third quarter. Chemistry Wealth Management LLC now owns 4,580 shares of the business services provider’s stock worth $2,366,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

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.