S&P Global (NYSE:SPGI) Price Target Raised to $555.00

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

Several other brokerages have also weighed in on SPGI. Erste Group Bank restated a hold rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus boosted their price objective on S&P Global from $442.00 to $446.00 and gave the stock a buy rating in a research note on Friday, April 26th. Morgan Stanley boosted their price objective on S&P Global from $500.00 to $510.00 and gave the stock an overweight rating in a research note on Friday, July 5th. Barclays boosted their price objective on S&P Global from $500.00 to $520.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada reiterated an outperform rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, June 21st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $485.60.

S&P Global Stock Performance

Shares of SPGI stock opened at $473.23 on Tuesday. The stock has a market cap of $148.07 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 2.53 and a beta of 1.16. The business has a 50-day simple moving average of $438.76 and a 200-day simple moving average of $433.10. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global has a 52-week low of $340.49 and a 52-week high of $473.26.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. On average, equities analysts expect that S&P Global will post 14.14 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio is presently 40.81%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Private Wealth Management Group LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $26,000. Pineridge Advisors LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $26,000. Valued Wealth Advisors LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group lifted its holdings in S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 25 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA lifted its holdings in S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 50 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Company Profile

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.