S&P Global Inc. (NYSE:SPGI – Free Report) Director Robert P. Kelly sold 7,662 shares of the company’s stock on Wednesday, August 7. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
S&P Global Stock Performance
SPGI rose $1.32 on Friday, reaching $488.51. The company’s shares had a trading volume of 611,235 shares, compared to its average volume of 1,258,101. The company’s 50-day moving average is $460.85 and its 200-day moving average is $440.22. The company has a market cap of $152.85 billion, a P/E ratio of 54.77, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $502.95. The company has a quick ratio of 0.92, a current ratio of 1.03 and a debt-to-equity ratio of 0.33.
S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings results on Tuesday, July 30. The business services provider reported earnings per share of $4.04 for the quarter, beating the consensus estimate of $3.67 by $0.37. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s revenue for the quarter increased 14.4% year-over-year. During the same period last year, the company generated earnings per share of $3.12. Analysts forecast that S&P Global Inc. will report earnings per share of $14.58 for the current year.
S&P Global announces dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11. Investors of record on Tuesday, August 27th will receive a dividend of $0.91. This represents an annualized dividend of $3.64 and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s Dividend Payout Ratio (DPR) is currently 40.81%.
Upgrades and downgrades by analysts
Several equities analysts have issued reports on SPGI shares. Royal Bank of Canada increased their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31. Bank of America increased their price target on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16. UBS Group increased their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9. BMO Capital Markets increased their price target on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31. Finally, Stifel Nicolaus increased their price target on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31. Two equities analysts have rated the stock with a “hold” rating and eleven have assigned a “buy” rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $526.73.
Get our latest report on S&P Global
Institutional inflows and outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Wealth Management Group LLC acquired a new stake in S&P Global in the 4th quarter valued at about $26,000. Pineridge Advisors LLC acquired a new stake in S&P Global in the 4th quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group increased its stake in S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 25 shares during the period. Sachetta LLC increased its stake in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new stake in S&P Global in the 2nd quarter valued at $31,000. 87.17% of the shares are owned by institutional investors.
S&P Global Company Profile
(Get free report)
S&P Global Inc., together with its subsidiaries, provides credit ratings, benchmarks, analytics and workflow solutions for the global capital, commodity and automotive markets. The company operates through the S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices and S&P Global Engineering Solutions segments.
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