S&P Global Inc (NYSE:SPGI) SVP Nancy Luquette sold 890 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $188.53, for a total value of $167,791.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
S&P Global Inc (SPGI) opened at $194.96 on Monday. S&P Global Inc has a fifty-two week low of $127.28 and a fifty-two week high of $196.14. The company has a market capitalization of $49,500.34, a price-to-earnings ratio of 28.25, a PEG ratio of 1.58 and a beta of 1.41. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.13.
S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.22. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted $1.28 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. sell-side analysts predict that S&P Global Inc will post 8.52 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in SPGI. Tesuji Partners LLC bought a new position in S&P Global during the fourth quarter valued at about $180,044,000. Atlantic Trust Group LLC boosted its stake in S&P Global by 2,825.8% during the third quarter. Atlantic Trust Group LLC now owns 528,026 shares of the business services provider’s stock valued at $82,536,000 after buying an additional 509,979 shares in the last quarter. Renaissance Technologies LLC boosted its stake in S&P Global by 67.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,099,900 shares of the business services provider’s stock valued at $186,323,000 after buying an additional 442,000 shares in the last quarter. BlackRock Inc. boosted its stake in S&P Global by 2.3% during the fourth quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock valued at $3,062,502,000 after buying an additional 401,826 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in S&P Global by 48.2% during the fourth quarter. Bank of Montreal Can now owns 1,226,184 shares of the business services provider’s stock valued at $207,715,000 after buying an additional 398,623 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on SPGI shares. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $204.00 target price on the stock in a research report on Tuesday, January 23rd. ValuEngine lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Barclays raised their price target on S&P Global from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Argus raised their price target on S&P Global to $210.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Cantor Fitzgerald raised their price target on S&P Global from $190.00 to $196.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $190.36.
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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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