S&P Global Inc (NYSE:SPGI) insider Nicholas Cafferillo sold 9,911 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $252.95, for a total value of $2,506,987.45. Following the completion of the transaction, the insider now owns 7,454 shares in the company, valued at $1,885,489.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of S&P Global stock opened at $256.19 on Monday. The firm has a market cap of $63.49 billion, a P/E ratio of 30.14, a PEG ratio of 2.80 and a beta of 1.08. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $262.83. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.37 and a quick ratio of 1.37. The business’s fifty day simple moving average is $239.60.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $2.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.15. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. S&P Global had a return on equity of 341.54% and a net margin of 31.02%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.17 EPS. Equities research analysts predict that S&P Global Inc will post 9.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.89%. The ex-dividend date is Monday, August 26th. S&P Global’s payout ratio is presently 26.82%.
SPGI has been the topic of several recent research reports. BMO Capital Markets raised their price target on S&P Global to $255.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Zacks Investment Research upgraded S&P Global from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Atlantic Securities lowered S&P Global from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $220.00 to $260.00 in a research report on Tuesday, August 6th. Stifel Nicolaus raised their price target on S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. initiated coverage on S&P Global in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $260.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $252.23.
Institutional investors have recently modified their holdings of the stock. Comerica Securities Inc. acquired a new stake in shares of S&P Global during the fourth quarter worth $235,000. Dimensional Fund Advisors LP raised its position in S&P Global by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 766,177 shares of the business services provider’s stock worth $130,202,000 after acquiring an additional 30,814 shares in the last quarter. Geode Capital Management LLC raised its position in S&P Global by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,856,635 shares of the business services provider’s stock worth $484,484,000 after acquiring an additional 80,031 shares in the last quarter. Macquarie Group Ltd. raised its position in S&P Global by 200.1% in the fourth quarter. Macquarie Group Ltd. now owns 9,652 shares of the business services provider’s stock worth $1,640,000 after acquiring an additional 6,436 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in S&P Global in the first quarter worth $4,385,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.
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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