S&P Global (NYSE:SPGI) Price Target Raised to $486.00 at Oppenheimer

S&P Global (NYSE:SPGI) had its price objective hoisted by Oppenheimer from $482.00 to $486.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Erste Group Bank reaffirmed a hold rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus upped their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a buy rating in a research note on Friday, April 26th. Royal Bank of Canada reissued an outperform rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, June 21st. BMO Capital Markets increased their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an outperform rating in a research report on Monday, April 1st. Finally, Barclays increased their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $468.33.

S&P Global Stock Performance

S&P Global stock opened at $446.32 on Monday. The firm’s 50 day simple moving average is $431.45 and its 200 day simple moving average is $431.72. 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 $139.65 billion, a PE ratio of 50.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16. S&P Global has a 1-year low of $340.49 and a 1-year high of $461.16.

S&P Global (NYSE:SPGI) last issued 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. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. As a group, analysts expect that S&P Global will post 14.1 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.82%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio is presently 40.81%.

Institutional Investors Weigh In On S&P Global

Large investors have recently bought and sold shares of the business. D.B. Root & Company LLC increased its position in shares of S&P Global by 3.6% during the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after purchasing an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC increased its position in shares of S&P Global by 3.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after purchasing an additional 23 shares during the last quarter. Allworth Financial LP increased its position in shares of S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after purchasing an additional 24 shares during the last quarter. Oakworth Capital Inc. increased its position in shares of S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its holdings in S&P Global by 1.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after acquiring an additional 25 shares during the period. Institutional investors own 87.17% of the company’s stock.

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.