S&P Global Inc. (SPGI) SVP Nancy Luquette Sells 860 Shares
S&P Global Inc. (NYSE:SPGI) SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total transaction of $130,290.00. Following the completion of the sale, the senior vice president now directly owns 106 shares in the company, valued at approximately $16,059. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of S&P Global Inc. (SPGI) traded down 0.12% during mid-day trading on Friday, reaching $151.27. 580,159 shares of the company’s stock traded hands. The stock has a market cap of $38.88 billion, a PE ratio of 17.62 and a beta of 1.52. S&P Global Inc. has a 12 month low of $107.21 and a 12 month high of $158.35. The firm has a 50 day moving average price of $151.01 and a 200-day moving average price of $139.42.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. S&P Global’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. On average, analysts predict that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is 19.16%.
Several hedge funds and other institutional investors have recently bought and sold shares of SPGI. BlackRock Inc. boosted its position in S&P Global by 1,866.9% in the first quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock valued at $2,020,285,000 after buying an additional 14,667,076 shares during the period. Janus Henderson Group PLC boosted its position in S&P Global by 4,882.5% in the second quarter. Janus Henderson Group PLC now owns 1,745,016 shares of the business services provider’s stock valued at $254,755,000 after buying an additional 1,709,993 shares during the period. Marshall Wace North America L.P. bought a new position in S&P Global during the first quarter valued at $170,025,000. AJO LP acquired a new position in shares of S&P Global during the second quarter worth approximately $130,724,000. Finally, Swedbank acquired a new position in shares of S&P Global during the first quarter worth approximately $101,025,000. Institutional investors own 84.35% of the company’s stock.
A number of research firms recently weighed in on SPGI. BMO Capital Markets upped their target price on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. UBS AG upped their price objective on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Morgan Stanley reaffirmed an “equal weight” rating and set a $146.00 price objective (up from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research note on Monday, July 17th. Finally, Barclays PLC upped their price objective on shares of S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $153.73.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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