S&P Global Inc. (NYSE:SPGI) Given Average Rating of “Moderate Buy” by Analysts

S&P Global Inc. (NYSE:SPGI) has received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $584.54.

Several research firms recently commented on SPGI. Oppenheimer decreased their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Robert W. Baird lifted their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company dropped their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Stifel Nicolaus lifted their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock.

Institutional Investors Weigh In On S&P Global

A number of hedge funds have recently added to or reduced their stakes in SPGI. Czech National Bank increased its position in shares of S&P Global by 6.9% during the 3rd quarter. Czech National Bank now owns 65,228 shares of the business services provider’s stock valued at $33,698,000 after purchasing an additional 4,229 shares during the last quarter. GAMMA Investing LLC increased its position in shares of S&P Global by 20.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,033 shares of the business services provider’s stock valued at $1,567,000 after purchasing an additional 518 shares during the last quarter. Diversified Trust Co increased its position in shares of S&P Global by 41.1% during the 3rd quarter. Diversified Trust Co now owns 1,689 shares of the business services provider’s stock valued at $873,000 after purchasing an additional 492 shares during the last quarter. Smith Anglin Financial LLC increased its position in shares of S&P Global by 7.3% during the 3rd quarter. Smith Anglin Financial LLC now owns 512 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 35 shares during the last quarter. Finally, Chemistry Wealth Management LLC increased its position in shares of S&P Global by 0.8% during the 3rd quarter. Chemistry Wealth Management LLC now owns 4,580 shares of the business services provider’s stock valued at $2,366,000 after purchasing an additional 37 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.4 %

S&P Global stock opened at $521.44 on Monday. The company’s 50-day moving average price is $506.40 and its two-hundred day moving average price is $504.59. The stock has a market cap of $161.80 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 2.38 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global has a 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 33.89%.

About S&P Global

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.