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

S&P Global Inc. (NYSE:SPGI) has been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $584.54.

SPGI has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Morgan Stanley boosted their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company dropped their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th.

Institutional Investors Weigh In On S&P Global

A number of institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its position in shares of S&P Global by 5.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,855 shares of the business services provider’s stock valued at $2,916,000 after acquiring an additional 279 shares in the last quarter. HighTower Advisors LLC boosted its stake in S&P Global by 1.6% during the 4th quarter. HighTower Advisors LLC now owns 176,532 shares of the business services provider’s stock valued at $87,918,000 after purchasing an additional 2,730 shares during the last quarter. Prosperity Financial Group Inc. increased its holdings in shares of S&P Global by 23.0% in the 4th quarter. Prosperity Financial Group Inc. now owns 1,289 shares of the business services provider’s stock worth $642,000 after purchasing an additional 241 shares in the last quarter. Natural Investments LLC purchased a new position in shares of S&P Global in the fourth quarter worth $419,000. Finally, Wealthfront Advisers LLC lifted its holdings in shares of S&P Global by 19.1% during the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after purchasing an additional 6,051 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.0 %

Shares of S&P Global stock opened at $519.00 on Monday. The company’s 50 day moving average price is $505.92 and its 200-day moving average price is $505.32. S&P Global has a 52-week low of $407.69 and a 52-week high of $533.29. 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 stock has a market capitalization of $161.05 billion, a price-to-earnings ratio of 45.81, a P/E/G ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 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.