S&P Global Inc (NYSE:SPGI) CEO Douglas L. Peterson sold 30,000 shares of S&P Global stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $351.44, for a total value of $10,543,200.00. Following the sale, the chief executive officer now owns 173,293 shares of the company’s stock, valued at $60,902,091.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE SPGI opened at $350.25 on Friday. The business’s 50 day moving average price is $337.97 and its 200 day moving average price is $297.60. The firm has a market cap of $84.41 billion, a P/E ratio of 33.04, a P/E/G ratio of 3.22 and a beta of 1.05. S&P Global Inc has a 52 week low of $186.05 and a 52 week high of $360.00. The company has a quick ratio of 1.24, a current ratio of 1.47 and a debt-to-equity ratio of 16.90.
S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $3.40 EPS for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.64. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.78 billion. S&P Global had a return on equity of 1,072.73% and a net margin of 36.19%. S&P Global’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 earnings per share. As a group, research analysts expect that S&P Global Inc will post 10.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.68 dividend on an annualized basis and a yield of 0.77%. S&P Global’s dividend payout ratio is currently 28.12%.
A number of hedge funds and other institutional investors have recently modified their holdings of SPGI. Capital World Investors boosted its position in S&P Global by 88.9% in the first quarter. Capital World Investors now owns 3,372,454 shares of the business services provider’s stock valued at $826,420,000 after buying an additional 1,587,513 shares during the last quarter. Capital International Investors boosted its position in S&P Global by 52.2% in the 1st quarter. Capital International Investors now owns 3,264,366 shares of the business services provider’s stock worth $799,933,000 after purchasing an additional 1,119,603 shares in the last quarter. Capital Research Global Investors boosted its position in S&P Global by 68.6% in the 1st quarter. Capital Research Global Investors now owns 2,357,536 shares of the business services provider’s stock worth $577,715,000 after purchasing an additional 959,492 shares in the last quarter. Mackenzie Financial Corp boosted its position in S&P Global by 763.1% in the 1st quarter. Mackenzie Financial Corp now owns 629,652 shares of the business services provider’s stock worth $154,296,000 after purchasing an additional 556,703 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in S&P Global by 9.6% in the 1st quarter. Bank of New York Mellon Corp now owns 2,728,997 shares of the business services provider’s stock worth $668,740,000 after purchasing an additional 239,068 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.
Several research firms have recently weighed in on SPGI. Jefferies Financial Group lifted their target price on S&P Global from $339.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday. Goldman Sachs Group upgraded shares of S&P Global from a “buy” rating to a “conviction-buy” rating and boosted their target price for the stock from $336.00 to $397.00 in a report on Wednesday, July 8th. Morgan Stanley boosted their target price on shares of S&P Global from $361.00 to $383.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group boosted their price target on S&P Global from $275.00 to $332.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Credit Suisse Group assumed coverage on S&P Global in a research note on Friday, May 29th. They set an “outperform” rating and a $345.00 price target on the stock. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $337.06.
About S&P Global
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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