S&P Global (NYSE:SPGI) Hits New 1-Year High at $502.80

S&P Global Inc. (NYSE:SPGI)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $502.80 and last traded at $491.77, with a volume of 124122 shares traded. The stock had previously closed at $489.83.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SPGI. Oppenheimer boosted their price target on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a report on Monday, July 1st. Stifel Nicolaus increased their target price on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Barclays raised their price target on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Morgan Stanley upped their price objective on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a research note on Friday, July 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.50.

S&P Global Stock Up 0.3 %

The stock has a market capitalization of $153.72 billion, a P/E ratio of 55.11, a price-to-earnings-growth ratio of 2.77 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a fifty day moving average price of $451.75 and a 200 day moving average price of $437.40.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio is currently 40.81%.

Institutional Investors Weigh In On S&P Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC boosted its holdings in S&P Global by 42.5% in the 4th quarter. Global Retirement Partners LLC now owns 664 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 198 shares during the period. Pinnacle Associates Ltd. boosted its stake in S&P Global by 18.2% during the fourth quarter. Pinnacle Associates Ltd. now owns 2,517 shares of the business services provider’s stock valued at $1,109,000 after buying an additional 387 shares during the period. Realta Investment Advisors purchased a new position in S&P Global during the fourth quarter worth about $210,000. Mayflower Financial Advisors LLC grew its position in S&P Global by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after buying an additional 23 shares in the last quarter. Finally, Veracity Capital LLC increased its stake in S&P Global by 6.4% in the 4th quarter. Veracity Capital LLC now owns 683 shares of the business services provider’s stock worth $301,000 after acquiring an additional 41 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

About S&P Global

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.