S&P Global Inc (NYSE:SPGI) CEO Alexander Matturri, Jr. Sells 1,007 Shares of Stock

S&P Global Inc (NYSE:SPGI) CEO Alexander Matturri, Jr. sold 1,007 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $254.46, for a total value of $256,241.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SPGI opened at $256.68 on Friday. The business has a 50 day simple moving average of $243.33 and a two-hundred day simple moving average of $219.06. The firm has a market capitalization of $61.23 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.70 and a beta of 1.08. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.37 and a quick ratio of 1.37. S&P Global Inc has a one year low of $156.68 and a one year high of $262.83.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.15. The business 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%. S&P Global’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.17 EPS. As a group, sell-side analysts expect that S&P Global Inc will post 9.21 EPS for the current fiscal year.



The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s payout ratio is 26.82%.

A number of equities research analysts have recently weighed in on SPGI shares. Zacks Investment Research raised S&P Global from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. BMO Capital Markets boosted 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. Argus boosted their target price on S&P Global to $290.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Raymond James boosted 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, Morgan Stanley boosted 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $252.23.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in S&P Global by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 20,916,210 shares of the business services provider’s stock valued at $4,764,503,000 after purchasing an additional 193,682 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of S&P Global by 2.1% during the 2nd quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock valued at $3,805,622,000 after buying an additional 339,310 shares during the period. Edgewood Management LLC lifted its holdings in shares of S&P Global by 0.3% during the 2nd quarter. Edgewood Management LLC now owns 6,451,886 shares of the business services provider’s stock valued at $1,469,675,000 after buying an additional 20,045 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of S&P Global by 2.0% during the 1st quarter. OppenheimerFunds Inc. now owns 4,213,907 shares of the business services provider’s stock valued at $887,238,000 after buying an additional 80,700 shares during the period. Finally, Egerton Capital UK LLP lifted its holdings in shares of S&P Global by 11.0% during the 1st quarter. Egerton Capital UK LLP now owns 3,339,926 shares of the business services provider’s stock valued at $703,221,000 after buying an additional 330,142 shares during the period. 82.43% of the stock is owned by institutional investors and hedge funds.

S&P Global Company Profile

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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