S&P Global Inc (NYSE:SPGI) CEO Alexander Matturri, Jr. sold 1,007 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total transaction of $232,053.08. Following the transaction, the chief executive officer now owns 18,723 shares in the company, valued at $4,314,528.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
S&P Global stock opened at $241.26 on Friday. S&P Global Inc has a fifty-two week low of $156.68 and a fifty-two week high of $241.29. The firm has a market cap of $58.70 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.91 and a beta of 1.08. The business’s 50-day moving average price is $225.73. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 11.03.
S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 EPS for the quarter, missing the Zacks’ consensus estimate of $2.12 by ($0.01). S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the company posted $2.00 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. Sell-side analysts anticipate that S&P Global Inc will post 9.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a yield of 0.95%. S&P Global’s dividend payout ratio (DPR) is currently 26.82%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lunia Capital LP grew its stake in S&P Global by 31,814.2% in the 4th quarter. Lunia Capital LP now owns 19,336,793 shares of the business services provider’s stock valued at $19,337,000 after buying an additional 19,276,203 shares during the last quarter. OppenheimerFunds Inc. grew its stake in S&P Global by 2.0% in the 1st quarter. OppenheimerFunds Inc. now owns 4,213,907 shares of the business services provider’s stock valued at $887,238,000 after buying an additional 80,700 shares during the last quarter. Egerton Capital UK LLP grew its stake in S&P Global by 11.0% in the 1st quarter. Egerton Capital UK LLP now owns 3,339,926 shares of the business services provider’s stock valued at $703,221,000 after buying an additional 330,142 shares during the last quarter. Northern Trust Corp grew its stake in S&P Global by 0.4% in the 1st quarter. Northern Trust Corp now owns 3,108,165 shares of the business services provider’s stock valued at $654,425,000 after buying an additional 12,880 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in S&P Global by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,856,635 shares of the business services provider’s stock valued at $484,484,000 after buying an additional 80,031 shares during the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.
Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price objective on shares of Diageo and gave the stock a “neutral” rating in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research note on Wednesday. Piper Jaffray Companies set a $16.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. S&P Global presently has an average rating of “Buy” and an average price target of $225.55.
S&P Global Company Profile
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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