Insider Selling: S&P Global Inc. (SPGI) SVP Sells $16,683.52 in Stock
S&P Global Inc. (NYSE:SPGI) SVP Nancy Luquette sold 133 shares of S&P Global stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $125.44, for a total value of $16,683.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Nancy Luquette also recently made the following trade(s):
- On Tuesday, September 13th, Nancy Luquette sold 500 shares of S&P Global stock. The shares were sold at an average price of $123.08, for a total value of $61,540.00.
Shares of S&P Global Inc. (NYSE:SPGI) traded down 1.27% during mid-day trading on Friday, reaching $122.39. The company’s stock had a trading volume of 331,501 shares. The firm has a market cap of $31.71 billion, a P/E ratio of 18.05 and a beta of 1.50. The firm’s 50-day moving average price is $123.63 and its 200 day moving average price is $117.03. S&P Global Inc. has a 12-month low of $78.55 and a 12-month high of $128.40.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.09. S&P Global had a return on equity of 378.19% and a net margin of 32.24%. The company earned $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, analysts expect that S&P Global Inc. will post $5.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, November 23rd. This represents a $1.44 annualized dividend and a yield of 1.16%. S&P Global’s dividend payout ratio (DPR) is currently 21.15%.
Several equities analysts have recently issued reports on SPGI shares. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research note on Thursday. Cantor Fitzgerald restated a “buy” rating on shares of S&P Global in a research report on Friday, August 19th. Barclays PLC boosted their target price on S&P Global from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, August 23rd. Argus boosted their target price on S&P Global from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Finally, Macquarie initiated coverage on S&P Global in a report on Thursday, August 25th. They issued an “outperform” rating and a $140.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. S&P Global currently has a consensus rating of “Buy” and a consensus price target of $131.00.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in S&P Global during the second quarter valued at approximately $1,918,874,000. FMR LLC bought a new position in shares of S&P Global during the second quarter valued at $1,791,074,000. Artisan Partners Limited Partnership bought a new position in shares of S&P Global during the second quarter valued at $837,221,000. BlackRock Institutional Trust Company N.A. bought a new position in shares of S&P Global during the second quarter valued at $730,970,000. Finally, Jennison Associates LLC bought a new position in shares of S&P Global during the second quarter valued at $676,571,000. Institutional investors own 85.43% of the company’s stock.
About S&P Global
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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