S&P Global Inc (NYSE:SPGI) CEO Sells $10,543,200.00 in Stock
S&P Global Inc (NYSE:SPGI) CEO Douglas L. Peterson sold 30,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $351.44, for a total value of $10,543,200.00. Following the transaction, the chief executive officer now owns 173,293 shares of the company’s stock, valued at $60,902,091.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE SPGI opened at $350.25 on Friday. The company has a debt-to-equity ratio of 16.90, a quick ratio of 1.24 and a current ratio of 1.47. S&P Global Inc has a fifty-two week low of $186.05 and a fifty-two week high of $360.00. The firm has a market capitalization of $84.41 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 3.22 and a beta of 1.05. The stock’s 50-day simple moving average is $337.97 and its 200-day simple moving average is $297.60.
S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $3.40 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.64. S&P Global had a return on equity of 1,072.73% and a net margin of 36.19%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the company earned $2.43 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. On average, sell-side analysts forecast that S&P Global Inc will post 10.94 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank increased its position in S&P Global by 56.6% during the second quarter. Comerica Bank now owns 88,465 shares of the business services provider’s stock worth $31,534,000 after buying an additional 31,982 shares during the period. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in S&P Global during the second quarter worth approximately $208,000. Ieq Capital LLC increased its position in S&P Global by 8.2% during the second quarter. Ieq Capital LLC now owns 2,297 shares of the business services provider’s stock worth $757,000 after buying an additional 175 shares during the period. Sigma Planning Corp grew its stake in shares of S&P Global by 1,259.3% in the 2nd quarter. Sigma Planning Corp now owns 21,314 shares of the business services provider’s stock valued at $7,023,000 after purchasing an additional 19,746 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of S&P Global by 4.8% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,924 shares of the business services provider’s stock valued at $634,000 after purchasing an additional 88 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on SPGI. Oppenheimer began coverage on S&P Global in a report on Tuesday, July 28th. They set a “buy” rating and a $396.00 target price for the company. Morgan Stanley raised their target price on S&P Global from $361.00 to $383.00 and gave the company an “overweight” rating in a report on Wednesday. Credit Suisse Group began coverage on S&P Global in a report on Friday, May 29th. They set an “outperform” rating and a $345.00 target price for the company. Wells Fargo & Co raised their target price on S&P Global from $250.00 to $260.00 in a report on Thursday, April 30th. Finally, Stifel Nicolaus increased their price target on S&P Global from $331.00 to $351.00 and gave the company a “hold” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. S&P Global currently has an average rating of “Buy” and a consensus target price of $337.06.
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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