S&P Global Inc (NYSE:SPGI) CEO Sells $1,528,980.00 in Stock
S&P Global Inc (NYSE:SPGI) CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $254.83, for a total transaction of $1,528,980.00. Following the completion of the sale, the chief executive officer now directly owns 163,731 shares of the company’s stock, valued at approximately $41,723,570.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NYSE SPGI opened at $263.32 on Friday. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $266.22. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $64.21 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 2.83 and a beta of 1.08. The company’s fifty day moving average price is $246.77 and its two-hundred day moving average price is $220.69.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $2.43 EPS for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.15. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm posted $2.17 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that S&P Global Inc will post 9.21 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Krane Funds Advisors LLC bought a new position in S&P Global during the 2nd quarter valued at $25,000. Meridian Wealth Management LLC bought a new position in S&P Global during the 1st quarter valued at $26,000. Coastal Investment Advisors Inc. boosted its stake in S&P Global by 409.1% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 112 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. Coastal Capital Group Inc. bought a new position in S&P Global during the 2nd quarter valued at $27,000. Finally, Harvest Group Wealth Management LLC bought a new position in shares of S&P Global in the 1st quarter worth about $28,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.
SPGI has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of S&P Global in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $260.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Atlantic Securities lowered shares of S&P Global from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $220.00 to $260.00 in a research report on Tuesday, August 6th. Cantor Fitzgerald increased their price objective on shares of S&P Global from $244.00 to $294.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets increased their price objective on shares of S&P Global to $255.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. S&P Global currently has an average rating of “Buy” and an average price target of $252.23.
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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