Insider Selling: S&P Global Inc (NYSE:SPGI) CFO Sells $3,085,192.00 in Stock

S&P Global Inc (NYSE:SPGI) CFO Ewout L. Steenbergen sold 8,800 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $350.59, for a total transaction of $3,085,192.00. Following the completion of the transaction, the chief financial officer now directly owns 18,291 shares of the company’s stock, valued at approximately $6,412,641.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

S&P Global stock opened at $350.25 on Friday. S&P Global Inc has a 52-week low of $186.05 and a 52-week high of $360.00. The company has a quick ratio of 1.24, a current ratio of 1.47 and a debt-to-equity ratio of 16.90. The firm has a market capitalization of $84.41 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 3.22 and a beta of 1.05. The firm has a 50-day moving average price of $337.97 and a two-hundred day moving average price of $297.60.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $3.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.64. S&P Global had a return on equity of 1,072.73% and a net margin of 36.19%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the company posted $2.43 earnings per share. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. Research analysts expect that S&P Global Inc will post 10.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.68 dividend on an annualized basis and a yield of 0.77%. S&P Global’s dividend payout ratio (DPR) is presently 28.12%.

Several large investors have recently added to or reduced their stakes in SPGI. Chesley Taft & Associates LLC lifted its position in S&P Global by 3.7% in the second quarter. Chesley Taft & Associates LLC now owns 8,471 shares of the business services provider’s stock worth $2,791,000 after purchasing an additional 306 shares during the period. CNB Bank lifted its holdings in shares of S&P Global by 10.7% in the second quarter. CNB Bank now owns 382 shares of the business services provider’s stock valued at $126,000 after buying an additional 37 shares during the period. Robecosam AG boosted its stake in S&P Global by 41.7% during the second quarter. Robecosam AG now owns 22,770 shares of the business services provider’s stock valued at $7,502,000 after buying an additional 6,700 shares in the last quarter. Raymond James Trust N.A. grew its holdings in S&P Global by 3.9% during the second quarter. Raymond James Trust N.A. now owns 5,269 shares of the business services provider’s stock worth $1,736,000 after acquiring an additional 198 shares during the period. Finally, EULAV Asset Management acquired a new position in S&P Global during the first quarter worth about $24,760,000. 82.81% of the stock is owned by institutional investors.

A number of analysts recently weighed in on SPGI shares. Barclays upped their price target on shares of S&P Global from $260.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. UBS Group increased their price objective on shares of S&P Global from $275.00 to $332.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $325.00 to $390.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group lifted their price target on S&P Global from $339.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus boosted their price objective on S&P Global from $331.00 to $351.00 and gave the company a “hold” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $337.06.

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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Insider Buying and Selling by Quarter for S&P Global (NYSE:SPGI)

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