S&P Global Inc. (NYSE:SPGI) EVP Sells $1,327,185.00 in Stock

S&P Global Inc. (NYSE:SPGI) EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $486.04 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $455.60 and its two-hundred day moving average price is $438.81. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $502.95. The stock has a market capitalization of $152.13 billion, a P/E ratio of 54.49, a P/E/G ratio of 2.55 and a beta of 1.16.

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

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Institutional Investors Weigh In On S&P Global

A number of hedge funds have recently made changes to their positions in the business. Sapient Capital LLC raised its holdings in shares of S&P Global by 2.5% during the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock valued at $385,000 after buying an additional 21 shares during the last quarter. Chatham Capital Group Inc. increased its stake in shares of S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after acquiring an additional 21 shares during the period. D.B. Root & Company LLC increased its stake in shares of S&P Global by 2.4% during the second quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock valued at $426,000 after acquiring an additional 22 shares during the period. Modera Wealth Management LLC increased its stake in shares of S&P Global by 2.3% during the second quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 22 shares during the period. Finally, Foundations Investment Advisors LLC increased its stake in shares of S&P Global by 1.0% during the second quarter. Foundations Investment Advisors LLC now owns 2,133 shares of the business services provider’s stock valued at $951,000 after acquiring an additional 22 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SPGI. Barclays raised their target price on S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research note on Wednesday. Stifel Nicolaus lifted their price target on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer lifted their price target on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, UBS Group lifted their price target on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, S&P Global 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.