BMO Capital Cuts Rating On S&P Global Inc. (SPGI) To "Market Perform"

Lloyd Doyle
October 31, 2017

After $1.72 actual EPS reported by S&P Global Inc for the previous quarter, Wall Street now forecasts -12.21 % negative EPS growth. During the same quarter in the prior year, the firm posted $1.19 earnings per share.

In other S&P Global news, SVP Nancy Luquette sold 860 shares of the company's stock in a transaction on Wednesday, August 23rd. During the same quarter past year, the company posted $1.43 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. As of the last earnings report the EPS was $8.58 and is projected to be $6.51 for the current year with 257,000,000 shares outstanding. S&P Global's payout ratio is now 21.15%. S&P Global comprises 9.3% of BlueSpruce Investments LP's investment portfolio, making the stock its 6th largest position.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, November 3rd. The dividend was $0.410 per share for the quarter which comes to $1.64 on an annualized basis. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The business's revenue was up 5.1% compared to the same quarter past year. Equity analyst BMO Capital downgraded the stock and raised the price target on October 27 changing the price target from $164.00 to $165.00 and moving the rating from "Outperform" to "Market Perform". Finally, Goldman Sachs Group, Inc. BidaskClub downgraded S&P Global from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 20th. The Company's subsidiary, CRISIL Limited (CRISIL), is a global analytical company and a provider of ratings, data and research, analytics and solutions. Zacks Investment Research raised shares of S&P Global from a "hold" rating to a "buy" rating and set a $170.00 price objective for the company in a research report on Tuesday, August 29th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. They issued an "outperform" rating and a $140.00 target price on the stock. The stock was sold at an average price of $123.08, for a total transaction of $61,540.00. Following the sale, the senior vice president now directly owns 106 shares of the company's stock, valued at $16,059.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Manhattan Co. owned approximately 0.07% of S&P Global worth $26,623,000 at the end of the most recent quarter. The firm bought 216,196 shares of the company's stock, valued at approximately $23,189,000. TNB Financial grew its stake in shares of S&P Global by 1.9% in the second quarter. 151,309 shares of the stock were exchanged. AQR Capital Management LLC now owns 576,653 shares of the business services provider's stock worth $75,392,000 after acquiring an additional 66,671 shares in the last quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider's stock worth $268,235,000 after buying an additional 700,194 shares during the period.


Company shares last traded at $156.25 which is a tad under $158.10, the 50 day moving average and which is slightly above the 200 day moving average of $148.75. Prudential Financial Inc. now owns 1,394,031 shares of the business services provider's stock worth $203,515,000 after buying an additional 522,340 shares during the period.

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S&P Global Inc. has a 52-week low of $78.55 and a 52-week high of $128.40. The stock's 50 day moving average price is $124.04 and its 200 day moving average price is $116.36.

S&P Global has a 52 week low of $107.21 and a 52 week high of $166.17 with a PE ratio of 18.97 S&P Global's market capitalization is now $0.

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