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

S&P Global Inc. (NYSE:SPGI) has been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $584.54.

Several analysts have commented on the company. Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company lowered their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st.

Institutional Trading of S&P Global

A number of hedge funds and other institutional investors have recently bought and sold shares of SPGI. Nordea Investment Management AB increased its stake in S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after buying an additional 225,370 shares in the last quarter. GDS Wealth Management grew its position in shares of S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Eastern Bank raised its stake in S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new position in S&P Global in the 3rd quarter worth approximately $27,170,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $513.65 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $159.39 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. S&P Global has a one year low of $407.69 and a one year high of $533.29. The company’s 50-day moving average is $506.19 and its 200 day moving average is $505.17.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

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.