S&P Global (SPGI) Hits New 1-Year High and Low at $208.98

S&P Global Inc (NYSE:SPGI) shares hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $208.98 and last traded at $206.87, with a volume of 27480 shares. The stock had previously closed at $207.87.

Several research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of S&P Global from $198.00 to $203.00 and gave the stock an “equal weight” rating in a report on Thursday, April 12th. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “sell” rating in a report on Wednesday, April 11th. Raymond James decreased their target price on shares of S&P Global from $210.00 to $206.00 and set an “outperform” rating for the company in a report on Thursday, April 19th. Argus lifted their target price on shares of S&P Global to $210.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, ValuEngine raised shares of S&P Global from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $196.00.

The company has a debt-to-equity ratio of 46.62, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $52.12 billion, a PE ratio of 30.07, a P/E/G ratio of 1.67 and a beta of 1.37.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, April 26th. The business services provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.02. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.53 billion. S&P Global had a net margin of 25.72% and a return on equity of 267.10%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 earnings per share. equities analysts forecast that S&P Global Inc will post 8.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 25th. This represents a $2.00 annualized dividend and a yield of 0.96%. S&P Global’s dividend payout ratio (DPR) is 29.03%.

In other S&P Global news, CEO Alexander Matturri, Jr. sold 1,936 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $196.93, for a total value of $381,256.48. Following the completion of the transaction, the chief executive officer now directly owns 14,579 shares in the company, valued at $2,871,042.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $197.75, for a total transaction of $791,000.00. Following the completion of the transaction, the chief executive officer now owns 171,190 shares of the company’s stock, valued at $33,852,822.50. The disclosure for this sale can be found here. Insiders have sold 6,444 shares of company stock valued at $1,278,174 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Suntrust Banks Inc. boosted its position in shares of S&P Global by 8.9% during the first quarter. Suntrust Banks Inc. now owns 20,292 shares of the business services provider’s stock worth $3,875,000 after acquiring an additional 1,657 shares during the last quarter. Redwood Investments LLC purchased a new stake in S&P Global during the first quarter valued at $5,837,000. Amalgamated Bank raised its stake in S&P Global by 9.3% during the first quarter. Amalgamated Bank now owns 37,216 shares of the business services provider’s stock valued at $7,110,000 after purchasing an additional 3,181 shares in the last quarter. Summit Trail Advisors LLC raised its stake in S&P Global by 20,684.8% during the first quarter. Summit Trail Advisors LLC now owns 165,031 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 164,237 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in S&P Global by 114.1% during the first quarter. WINTON GROUP Ltd now owns 45,995 shares of the business services provider’s stock valued at $8,788,000 after purchasing an additional 24,511 shares in the last quarter. Institutional investors and hedge funds own 85.09% of the company’s stock.

S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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