S&P Global (NYSE:SPGI) PT Raised to $610.00 at UBS Group

S&P Global (NYSE:SPGI) had its price target lifted by investment analysts at UBS Group from $605.00 to $610.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. UBS Group’s price objective would suggest a potential upside of 24.34% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Evercore ISI began coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Robert W. Baird upped 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. Bank of America raised their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. lowered their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $569.77.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $490.61 on Friday. S&P Global has a one year low of $340.49 and a one year high of $533.29. The stock has a market cap of $153.56 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. The business’s fifty day moving average price is $513.82 and its two-hundred day moving average price is $470.56. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.21 earnings per share. On average, analysts forecast that S&P Global will post 14.79 EPS for the current fiscal year.

Insider Transactions at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now owns 15,830 shares in the company, valued at $7,618,662.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock valued at $8,645,727 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On S&P Global

Large investors have recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 2,962 shares during the last quarter. AAFMAA Wealth Management & Trust LLC bought a new stake in shares of S&P Global in the first quarter worth $1,222,000. Quadrature Capital Ltd acquired a new stake in S&P Global in the first quarter valued at $2,236,000. New Mexico Educational Retirement Board boosted its stake in S&P Global by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock valued at $8,444,000 after acquiring an additional 3,500 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in S&P Global by 21.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock valued at $14,756,000 after acquiring an additional 6,162 shares during the last quarter. 87.17% of the stock is 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.