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 S&P Global stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total value of $61,540.00. Following the sale, the senior vice president now directly owns 133 shares of the company’s stock, valued at approximately $16,369.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
S&P Global Inc. (NYSE:SPGI) opened at 124.78 on Wednesday. S&P Global Inc. has a 52 week low of $78.55 and a 52 week high of $126.52. The stock has a market cap of $32.94 billion, a price-to-earnings ratio of 28.63 and a beta of 1.22. The company has a 50 day moving average price of $122.00 and a 200 day moving average price of $109.75.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.10. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. S&P Global had a return on equity of 320.10% and a net margin of 21.32%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. Analysts expect that S&P Global Inc. will post $5.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were issued a dividend of $0.36 per share. 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 32.95%.
Several institutional investors have recently modified their holdings of SPGI. Jacobus Wealth Management Inc. purchased a new position in shares of S&P Global during the second quarter valued at about $107,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of S&P Global during the second quarter valued at $113,000. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in shares of S&P Global during the second quarter valued at $129,000. West Oak Capital LLC acquired a new stake in shares of S&P Global during the second quarter valued at $139,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of S&P Global during the second quarter valued at $146,000. 84.81% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on SPGI shares. Credit Suisse Group AG started coverage on S&P Global in a report on Monday, July 11th. They issued an “outperform” rating and a $123.00 price objective for the company. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday. Macquarie started coverage on S&P Global in a report on Thursday, August 25th. They issued an “outperform” rating and a $140.00 price objective for the company. Barclays PLC reissued an “overweight” rating and issued a $115.00 price objective on shares of S&P Global in a report on Tuesday, June 28th. Finally, Argus boosted their price objective on S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $130.57.
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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