S&P Global Inc. (NYSE:SPGI) Insider Sells $245,775.00 in Stock

S&P Global Inc. (NYSE:SPGI) insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

S&P Global Trading Down 0.9 %

Shares of S&P Global stock opened at $486.04 on Friday. The stock has a fifty day simple moving average of $455.60 and a 200 day simple moving average of $438.81. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $502.95. The company has a market capitalization of $152.13 billion, a P/E ratio of 54.49, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the previous year, the firm earned $3.12 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio is currently 40.81%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Wealth Management Group LLC purchased a new position in S&P Global in the fourth quarter worth $26,000. Pineridge Advisors LLC purchased a new position in S&P Global in the fourth quarter worth $26,000. Oliver Lagore Vanvalin Investment Group boosted its position in S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of S&P Global during the 2nd quarter valued at $31,000. Finally, First Pacific Financial lifted its position in shares of S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after buying an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a report on Friday, July 5th. UBS Group boosted their price objective on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. BMO Capital Markets boosted their price objective on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America boosted their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. boosted their price objective on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $526.73.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.