S&P Global (SPGI) Downgraded by Susquehanna Bancshares to “Neutral”

Susquehanna Bancshares downgraded shares of S&P Global (NYSE:SPGI) from a positive rating to a neutral rating in a report released on Wednesday, Marketbeat Ratings reports.

A number of other equities analysts have also recently weighed in on SPGI. Zacks Investment Research cut shares of S&P Global from a buy rating to a hold rating in a research note on Monday, January 22nd. BMO Capital Markets cut shares of S&P Global from an outperform rating to a market perform rating and set a $166.00 price target on the stock. in a research note on Friday, October 27th. Wells Fargo & Co upped their price target on shares of S&P Global from $159.00 to $165.00 and gave the stock a market perform rating in a research note on Friday, October 27th. BidaskClub cut shares of S&P Global from a strong-buy rating to a buy rating in a research note on Friday, October 20th. Finally, Barclays upped their price target on shares of S&P Global from $170.00 to $180.00 and gave the stock an overweight rating in a research note on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $182.29.

S&P Global (NYSE SPGI) opened at $177.50 on Wednesday. The company has a debt-to-equity ratio of 4.13, a current ratio of 1.35 and a quick ratio of 1.52. S&P Global has a 12 month low of $125.46 and a 12 month high of $185.38. The stock has a market cap of $43,968.75, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 1.63 and a beta of 1.52.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.22. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company posted $1.28 EPS. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. equities research analysts anticipate that S&P Global will post 8.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.13%. This is a boost from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 23rd. S&P Global’s dividend payout ratio is presently 28.37%.

In related news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total value of $631,160.00. Following the sale, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in S&P Global by 2.3% in the 4th quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock valued at $3,062,502,000 after acquiring an additional 401,826 shares during the last quarter. Edgewood Management LLC grew its stake in S&P Global by 2.4% in the 3rd quarter. Edgewood Management LLC now owns 6,025,481 shares of the business services provider’s stock valued at $941,843,000 after acquiring an additional 141,206 shares during the last quarter. JPMorgan Chase & Co. grew its stake in S&P Global by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,421,615 shares of the business services provider’s stock valued at $687,694,000 after acquiring an additional 157,161 shares during the last quarter. Capital International Investors grew its stake in S&P Global by 1.7% in the 3rd quarter. Capital International Investors now owns 2,206,505 shares of the business services provider’s stock valued at $344,899,000 after acquiring an additional 36,562 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its stake in S&P Global by 9.3% in the 4th quarter. Mawer Investment Management Ltd. now owns 1,848,721 shares of the business services provider’s stock valued at $313,173,000 after acquiring an additional 156,910 shares during the last quarter. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

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S&P Global Company Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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

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