S&P Global Inc. (NYSE:SPGI - Free Report) - Investment analysts at William Blair decreased their Q4 2024 earnings estimates for S&P Global in a report issued on Monday, April 15th. William Blair analyst A. Nicholas now expects that the business services provider will earn $3.36 per share for the quarter, down from their prior estimate of $3.39. The consensus estimate for S&P Global's current full-year earnings is $14.02 per share.
A number of other equities research analysts also recently commented on SPGI. Erste Group Bank reissued a "hold" rating on shares of S&P Global in a report on Wednesday, April 3rd. Raymond James lifted their price objective on S&P Global from $422.00 to $452.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 9th. Oppenheimer restated an "outperform" rating and issued a $480.00 price target on shares of S&P Global in a report on Tuesday, April 2nd. Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Finally, BMO Capital Markets lifted their price objective on S&P Global from $480.00 to $483.00 and gave the company an "outperform" rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $464.22.
View Our Latest Stock Report on SPGI
S&P Global Stock Performance
Shares of NYSE SPGI traded down $0.99 during mid-day trading on Tuesday, hitting $408.57. 1,058,842 shares of the company were exchanged, compared to its average volume of 1,318,490. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $426.65 and a 200-day simple moving average of $415.29. S&P Global has a 1-year low of $338.92 and a 1-year high of $461.16. The firm has a market cap of $130.85 billion, a price-to-earnings ratio of 49.64, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15.
S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.54 earnings per share.
S&P Global Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.89%. This is an increase from S&P Global's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Monday, February 26th. S&P Global's payout ratio is 44.23%.
Insider Activity
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now directly owns 162,530 shares of the company's stock, valued at $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company's stock.
Institutional Investors Weigh In On S&P Global
Several large investors have recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. bought a new position in S&P Global during the third quarter valued at about $25,000. Private Wealth Management Group LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $26,000. Pineridge Advisors LLC purchased a new stake in S&P Global in the 4th quarter worth about $26,000. Valued Wealth Advisors LLC purchased a new stake in S&P Global in the 4th quarter worth about $28,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider's stock worth $28,000 after acquiring an additional 25 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.
S&P Global Company Profile
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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.
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