Traders Buy Large Volume of Call Options on S&P Global (SPGI)

S&P Global Inc (NYSE:SPGI) was the recipient of some unusual options trading activity on Monday. Investors acquired 2,144 call options on the company. This is an increase of approximately 849% compared to the typical daily volume of 226 call options.

Shares of NYSE SPGI opened at $194.13 on Tuesday. S&P Global has a 1 year low of $156.68 and a 1 year high of $217.31. The stock has a market cap of $48.57 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The company has a debt-to-equity ratio of 5.35, a current ratio of 1.37 and a quick ratio of 1.44.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.02. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the company posted $1.85 EPS. S&P Global’s revenue was down 3.3% on a year-over-year basis. As a group, research analysts forecast that S&P Global will post 9.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th will be given a dividend of $0.57 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Monday, February 25th. S&P Global’s dividend payout ratio (DPR) is 23.53%.

A number of hedge funds and other institutional investors have recently modified their holdings of SPGI. We Are One Seven LLC purchased a new position in S&P Global in the fourth quarter worth about $28,000. Moody National Bank Trust Division purchased a new position in S&P Global in the fourth quarter worth about $29,000. Legacy Bridge LLC purchased a new position in S&P Global in the fourth quarter worth about $30,000. Oregon Public Employees Retirement Fund raised its holdings in S&P Global by 7,358.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock worth $32,000 after buying an additional 5,345,720 shares during the last quarter. Finally, Legacy Financial Advisors Inc. raised its holdings in S&P Global by 157.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 203 shares of the business services provider’s stock worth $34,000 after buying an additional 124 shares during the last quarter. 84.66% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on SPGI shares. Wells Fargo & Co cut their target price on shares of S&P Global from $205.00 to $180.00 and set a “market perform” rating on the stock in a research note on Friday, October 26th. Atlantic Securities raised shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 target price on the stock in a research note on Friday, January 11th. Raymond James cut their target price on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 8th. Morgan Stanley set a $202.00 target price on shares of S&P Global and gave the company a “hold” rating in a research note on Friday, October 26th. Finally, Goldman Sachs Group started coverage on shares of S&P Global in a research note on Wednesday, November 14th. They set a “buy” rating and a $225.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. S&P Global presently has an average rating of “Hold” and a consensus target price of $207.75.

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About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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