S&P Global Inc (NYSE:SPGI) Short Interest Update

S&P Global Inc (NYSE:SPGI) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 3,206,300 shares, a growth of 9.5% from the June 30th total of 2,928,300 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 1,120,000 shares, the days-to-cover ratio is presently 2.9 days.

Shares of NYSE:SPGI traded down $7.45 during midday trading on Wednesday, reaching $250.92. The company’s stock had a trading volume of 748,601 shares, compared to its average volume of 1,182,771. S&P Global has a fifty-two week low of $156.68 and a fifty-two week high of $262.83. The company has a market capitalization of $62.60 billion, a P/E ratio of 29.52, a P/E/G ratio of 2.78 and a beta of 1.08. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 7.52. The stock’s fifty day simple moving average is $242.21.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.15. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.65 billion. S&P Global had a return on equity of 341.54% and a net margin of 31.02%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $2.17 earnings per share. Equities analysts predict that S&P Global will post 9.21 earnings per share for the current year.



The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a $0.57 dividend. The ex-dividend date is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a yield of 0.91%. S&P Global’s payout ratio is 26.82%.

Several research analysts have issued reports on SPGI shares. Argus increased their price objective on S&P Global to $290.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Atlantic Securities lowered S&P Global from an “overweight” rating to a “neutral” rating and raised their target price for the company from $220.00 to $260.00 in a research note on Tuesday, August 6th. Morgan Stanley raised their target price on S&P Global from $254.00 to $262.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Raymond James raised their target price on S&P Global from $246.00 to $272.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets raised their target price on S&P Global to $255.00 and gave the company a “market perform” rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $252.23.

In other S&P Global news, insider Nicholas Cafferillo sold 9,911 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $252.95, for a total transaction of $2,506,987.45. Following the completion of the transaction, the insider now directly owns 7,454 shares in the company, valued at $1,885,489.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total value of $232,053.08. Following the transaction, the chief executive officer now owns 18,723 shares of the company’s stock, valued at $4,314,528.12. The disclosure for this sale can be found here. Insiders have sold 16,418 shares of company stock valued at $4,113,381 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA increased its position in S&P Global by 2.1% in the second quarter. San Francisco Sentry Investment Group CA now owns 2,161 shares of the business services provider’s stock worth $492,000 after purchasing an additional 45 shares during the period. Pearl River Capital LLC boosted its holdings in S&P Global by 8.9% during the second quarter. Pearl River Capital LLC now owns 549 shares of the business services provider’s stock worth $125,000 after buying an additional 45 shares during the last quarter. Granite Investment Advisors LLC boosted its holdings in S&P Global by 0.4% during the first quarter. Granite Investment Advisors LLC now owns 13,249 shares of the business services provider’s stock worth $2,790,000 after buying an additional 50 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in S&P Global by 7.1% during the first quarter. First Mercantile Trust Co. now owns 781 shares of the business services provider’s stock worth $164,000 after buying an additional 52 shares during the last quarter. Finally, Psagot Investment House Ltd. boosted its holdings in S&P Global by 0.4% during the second quarter. Psagot Investment House Ltd. now owns 12,573 shares of the business services provider’s stock worth $2,864,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 82.43% of the company’s stock.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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