S&P Global Sees Unusually Large Options Volume (SPGI)
S&P Global Inc. (NYSE:SPGI) was the target of some unusual options trading activity on Tuesday. Stock investors bought 984 put options on the company. This represents an increase of 1,306% compared to the average daily volume of 70 put options.
Shares of S&P Global (NYSE:SPGI) opened at $167.59 on Friday. S&P Global has a 12-month low of $107.21 and a 12-month high of $174.07. The stock has a market cap of $44,007.90, a PE ratio of 27.26, a P/E/G ratio of 2.08 and a beta of 1.51. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.19. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. S&P Global’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.43 earnings per share. analysts predict that S&P Global will post 6.65 EPS for the current year.
In other news, EVP Courtney Geduldig sold 1,596 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $156.50, for a total value of $249,774.00. Following the completion of the sale, the executive vice president now directly owns 2,663 shares in the company, valued at $416,759.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the completion of the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The disclosure for this sale can be found here. Insiders sold 7,000 shares of company stock valued at $1,104,704 over the last quarter. Company insiders own 0.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC boosted its stake in S&P Global by 10.5% during the third quarter. Parametric Portfolio Associates LLC now owns 686,878 shares of the business services provider’s stock worth $107,366,000 after buying an additional 65,043 shares during the period. Public Employees Retirement System of Ohio boosted its stake in S&P Global by 1.3% during the third quarter. Public Employees Retirement System of Ohio now owns 177,565 shares of the business services provider’s stock worth $27,755,000 after buying an additional 2,214 shares during the period. Smith Shellnut Wilson LLC ADV purchased a new position in S&P Global during the third quarter worth about $270,000. Americafirst Capital Management LLC purchased a new position in S&P Global during the third quarter worth about $150,000. Finally, Cypress Capital Group boosted its stake in S&P Global by 10.9% during the third quarter. Cypress Capital Group now owns 20,465 shares of the business services provider’s stock worth $3,199,000 after buying an additional 2,015 shares during the period. 85.58% of the stock is owned by institutional investors.
SPGI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Barclays raised their price objective on shares of S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Morgan Stanley raised their price objective on shares of S&P Global from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Friday, October 6th. BMO Capital Markets restated a “buy” rating and set a $177.00 price objective on shares of S&P Global in a research report on Friday, October 13th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $176.00 price objective on shares of S&P Global in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. S&P Global presently has an average rating of “Buy” and a consensus target price of $168.27.
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About S&P Global
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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