S&P Global (NYSE:SPGI) Shares Gap Down – Should You Sell?

S&P Global Inc. (NYSE:SPGI) shares gapped down before the market opened on Tuesday . The stock had previously closed at $527.66, but opened at $503.00. S&P Global shares last traded at $482.5610, with a volume of 478,946 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho upped their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Stifel Nicolaus dropped their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a report on Tuesday, December 16th. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a report on Friday, November 14th. Finally, Evercore ISI boosted their price target on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $615.64.

S&P Global Price Performance

The business’s 50-day moving average price is $519.37 and its 200 day moving average price is $517.34. The company has a market capitalization of $143.32 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.8%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is presently 27.93%.

Institutional Trading of S&P Global

A number of hedge funds have recently made changes to their positions in SPGI. Emerald Advisers LLC increased its position in shares of S&P Global by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 18 shares during the last quarter. Fullcircle Wealth LLC lifted its position in S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after buying an additional 18 shares during the last quarter. Summitry LLC boosted its stake in S&P Global by 2.1% in the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after buying an additional 18 shares in the last quarter. Hamilton Capital LLC grew its position in S&P Global by 4.5% during the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 18 shares during the last quarter. Finally, Sand Hill Global Advisors LLC grew its position in S&P Global by 3.1% during the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after acquiring an additional 19 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.