Morgan Stanley Raises S&P Global (NYSE:SPGI) Price Target to $219.00

S&P Global (NYSE:SPGI) had its target price lifted by Morgan Stanley from $217.00 to $219.00 in a research note released on Friday, July 27th. They currently have an equal weight rating on the business services provider’s stock.

SPGI has been the subject of a number of other research reports. Stifel Nicolaus lifted their price target on shares of S&P Global from $186.00 to $214.00 and gave the stock a hold rating in a research note on Friday, July 27th. ValuEngine upgraded shares of S&P Global from a hold rating to a buy rating in a research note on Monday, April 2nd. Raymond James lifted their price target on shares of S&P Global from $206.00 to $218.00 and gave the stock an outperform rating in a research note on Tuesday, July 10th. Zacks Investment Research upgraded shares of S&P Global from a hold rating to a buy rating and set a $228.00 price target for the company in a research note on Monday, July 2nd. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $209.00 to $214.00 and gave the stock a market perform rating in a research note on Friday, July 27th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $202.93.

Shares of NYSE SPGI traded up $0.37 during trading on Friday, reaching $201.32. 843,693 shares of the stock were exchanged, compared to its average volume of 1,081,737. S&P Global has a twelve month low of $148.28 and a twelve month high of $217.31. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 5.75. The stock has a market cap of $50.54 billion, a P/E ratio of 26.00, a PEG ratio of 1.88 and a beta of 1.25.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 26th. The business services provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. S&P Global had a net margin of 25.95% and a return on equity of 333.87%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the company posted $1.72 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. research analysts expect that S&P Global will post 8.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Tuesday, August 28th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Monday, August 27th. S&P Global’s payout ratio is currently 29.03%.

In other S&P Global news, CEO Alexander Matturri, Jr. sold 1,936 shares of the business’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of $196.93, for a total transaction of $381,256.48. Following the sale, the chief executive officer now owns 14,579 shares in the company, valued at approximately $2,871,042.47. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $197.75, for a total value of $791,000.00. Following the completion of the transaction, the chief executive officer now owns 171,190 shares in the company, valued at approximately $33,852,822.50. The disclosure for this sale can be found here. Insiders sold 6,444 shares of company stock valued at $1,278,174 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SPGI. Advisor Group Inc. increased its holdings in shares of S&P Global by 13.1% in the 4th quarter. Advisor Group Inc. now owns 2,401 shares of the business services provider’s stock valued at $406,000 after purchasing an additional 278 shares during the period. Jane Street Group LLC increased its holdings in shares of S&P Global by 6.7% in the 4th quarter. Jane Street Group LLC now owns 4,540 shares of the business services provider’s stock valued at $769,000 after purchasing an additional 287 shares during the period. Progressive Investment Management Corp increased its holdings in shares of S&P Global by 480.3% in the 1st quarter. Progressive Investment Management Corp now owns 23,445 shares of the business services provider’s stock valued at $4,479,000 after purchasing an additional 19,405 shares during the period. Global X Management Co. LLC increased its holdings in shares of S&P Global by 16.0% in the 1st quarter. Global X Management Co. LLC now owns 2,794 shares of the business services provider’s stock valued at $534,000 after purchasing an additional 385 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of S&P Global by 11.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 8,981 shares of the business services provider’s stock valued at $1,716,000 after purchasing an additional 896 shares during the period. Institutional investors own 84.81% of the company’s stock.

S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Analyst Recommendations for S&P Global (NYSE:SPGI)

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