S&P Global Inc. (spgi) To Go Ex-Dividend on November 23rd
S&P Global Inc. (NYSE:spgi) announced a quarterly dividend on Friday, October 28th. Stockholders of record on Monday, November 28th will be paid a dividend of 0.36 per share on Monday, December 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, November 23rd.
Shares of S&P Global (NYSE:SPGI) opened at 121.73 on Tuesday. The stock’s 50 day moving average price is $123.40 and its 200-day moving average price is $117.44. S&P Global has a 12 month low of $78.55 and a 12 month high of $128.40. The firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of 17.95 and a beta of 1.50.
S&P Global (NYSE:SPGI) last released 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. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. S&P Global had a return on equity of 378.19% and a net margin of 32.24%. S&P Global’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 EPS. On average, equities research analysts predict that S&P Global will post $5.27 EPS for the current fiscal year.
A number of equities research analysts recently commented on SPGI shares. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Thursday, November 17th. Cantor Fitzgerald reiterated a “buy” rating on shares of S&P Global in a research report on Friday, August 19th. Barclays PLC increased their price objective on S&P Global from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, August 23rd. Argus increased their price objective on S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a $131.00 price objective on shares of S&P Global in a research report on Sunday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $132.14.
In other news, SVP Nancy Luquette sold 500 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total value of $61,540.00. Following the transaction, the senior vice president now owns 133 shares of the company’s stock, valued at approximately $16,369.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SPGI. FMR LLC bought a new position in S&P Global during the second quarter worth $1,791,074,000. BlackRock Fund Advisors bought a new position in S&P Global during the second quarter worth $330,695,000. Price T Rowe Associates Inc. MD increased its position in S&P Global by 9.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,366,496 shares of the company’s stock worth $299,504,000 after buying an additional 207,388 shares during the period. Janus Capital Management LLC acquired a new stake in shares of S&P Global during the second quarter valued at approximately $242,219,000. Finally, General Electric Co. acquired a new stake in shares of S&P Global during the second quarter valued at approximately $218,194,000. 86.61% of the stock is currently owned by institutional investors.
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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