S&P Global Inc. (SPGI) SVP Sells $61,540.00 in Stock
S&P Global Inc. (NYSE:SPGI) SVP Nancy Luquette sold 500 shares of the stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total transaction of $61,540.00. Following the sale, the senior vice president now owns 133 shares of the company’s stock, valued at approximately $16,369.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of S&P Global Inc. (NYSE:SPGI) opened at 124.78 on Wednesday. The company has a 50-day moving average of $122.00 and a 200-day moving average of $109.75. The firm has a market cap of $32.94 billion, a P/E ratio of 28.63 and a beta of 1.22. S&P Global Inc. has a 12 month low of $78.55 and a 12 month high of $126.52.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 28th. The company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.10. The company earned $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. S&P Global had a net margin of 21.32% and a return on equity of 320.10%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 EPS. Equities analysts forecast that S&P Global Inc. will post $5.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, August 24th. S&P Global’s payout ratio is currently 32.95%.
Several brokerages have recently weighed in on SPGI. Zacks Investment Research downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Tuesday. Macquarie began coverage on shares of S&P Global in a research note on Thursday, August 25th. They set an “outperform” rating and a $140.00 target price for the company. Credit Suisse Group AG began coverage on shares of S&P Global in a research note on Monday, July 11th. They set an “outperform” rating and a $123.00 target price for the company. Barclays PLC reiterated an “overweight” rating and set a $115.00 target price on shares of S&P Global in a research note on Tuesday, June 28th. Finally, Cantor Fitzgerald set a $117.00 target price on shares of S&P Global and gave the stock a “buy” rating in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $130.57.
Large investors have recently added to or reduced their stakes in the company. Jacobus Wealth Management Inc. bought a new stake in S&P Global during the second quarter valued at $107,000. Fuller & Thaler Asset Management Inc. bought a new stake in S&P Global during the second quarter valued at $113,000. FUKOKU MUTUAL LIFE INSURANCE Co bought a new stake in S&P Global during the second quarter valued at $129,000. West Oak Capital LLC bought a new stake in S&P Global during the second quarter valued at $139,000. Finally, Meeder Asset Management Inc. bought a new stake in S&P Global during the second quarter valued at $147,000. 84.81% of the stock is owned by institutional investors.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.
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