S&P Global Inc (NYSE:SPGI) CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $187.30, for a total transaction of $749,200.00. Following the transaction, the chief executive officer now owns 145,850 shares of the company’s stock, valued at approximately $27,317,705. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of S&P Global Inc (SPGI) traded down $1.23 during mid-day trading on Tuesday, reaching $188.05. 378,762 shares of the company’s stock were exchanged, compared to its average volume of 1,323,748. The firm has a market capitalization of $48,060.00, a PE ratio of 29.59, a P/E/G ratio of 1.53 and a beta of 1.52. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.13. S&P Global Inc has a 12-month low of $127.28 and a 12-month high of $190.99.
S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.22. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.50 billion. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. S&P Global’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. research analysts expect that S&P Global Inc will post 8.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, February 23rd. This is a boost from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s dividend payout ratio (DPR) is currently 25.83%.
Several brokerages recently commented on SPGI. Argus increased their target price on shares of S&P Global to $210.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. BMO Capital Markets increased their price target on shares of S&P Global from $183.00 to $186.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Susquehanna Bancshares cut shares of S&P Global from a “positive” rating to a “neutral” rating in a research note on Wednesday, February 7th. Cantor Fitzgerald increased their price target on shares of S&P Global from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating and set a $188.00 price target for the company. in a research note on Friday, January 5th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $190.36.
Hedge funds and other institutional investors have recently bought and sold shares of the company. USA Mutuals Advisors Inc. acquired a new stake in shares of S&P Global during the 4th quarter worth about $108,000. Financial Gravity Companies Inc. acquired a new stake in shares of S&P Global during the 4th quarter worth about $115,000. Truewealth LLC acquired a new stake in shares of S&P Global during the 4th quarter worth about $112,000. Cerebellum GP LLC acquired a new stake in shares of S&P Global during the 4th quarter worth about $129,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of S&P Global by 89.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock worth $142,000 after buying an additional 396 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.
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About S&P Global
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.
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