S&P Global (NYSE:SPGI) Price Target Increased to $555.00 by Analysts at UBS Group

S&P Global (NYSE:SPGI) had its price target boosted by UBS Group from $505.00 to $555.00 in a report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

SPGI has been the subject of a number of other reports. Stifel Nicolaus upped their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a buy rating in a report on Friday, April 26th. Royal Bank of Canada reiterated an outperform rating and set a $500.00 price target on shares of S&P Global in a report on Friday, June 21st. BMO Capital Markets upped 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. Erste Group Bank restated a hold rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Oppenheimer upped their price objective on shares of S&P Global from $482.00 to $486.00 and gave the stock an outperform rating in a report on Monday, July 1st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $485.60.

S&P Global Stock Performance

S&P Global stock opened at $478.32 on Tuesday. The firm’s 50 day simple moving average is $439.83 and its 200 day simple moving average is $433.40. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $149.67 billion, a PE ratio of 53.62, a price-to-earnings-growth ratio of 2.58 and a beta of 1.16. S&P Global has a 1-year low of $340.49 and a 1-year high of $481.17.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. As a group, analysts expect that S&P Global will post 14.16 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is presently 40.81%.

Institutional Trading of S&P Global

A number of institutional investors have recently made changes to their positions in the stock. Janney Capital Management LLC raised its stake in S&P Global by 2.7% during the 4th quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after acquiring an additional 461 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 87 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in S&P Global by 15.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock worth $618,369,000 after buying an additional 190,758 shares during the period. Citizens Financial Group Inc. RI boosted its stake in S&P Global by 54.2% during the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock worth $1,397,000 after buying an additional 1,115 shares during the period. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in shares of S&P Global during the fourth quarter valued at $1,644,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

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.