S&P Global Inc. (NYSE:SPGI - Free Report) - Equities research analysts at William Blair dropped their Q2 2024 EPS estimates for shares of S&P Global in a note issued to investors on Monday, April 29th. William Blair analyst A. Nicholas now forecasts that the business services provider will post earnings of $3.43 per share for the quarter, down from their previous estimate of $3.49. The consensus estimate for S&P Global's current full-year earnings is $14.09 per share. William Blair also issued estimates for S&P Global's FY2025 earnings at $15.75 EPS.
A number of other equities research analysts have also commented on the stock. Oppenheimer boosted their price objective on shares of S&P Global from $480.00 to $482.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Erste Group Bank reaffirmed a "hold" rating on shares of S&P Global in a research report on Wednesday, April 3rd. Stifel Nicolaus increased their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a "buy" rating in a research report on Friday, April 26th. Barclays upped their target price on shares of S&P Global from $500.00 to $520.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets increased their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an "outperform" rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $462.60.
Read Our Latest Analysis on SPGI
S&P Global Price Performance
SPGI stock traded up $0.38 during midday trading on Wednesday, reaching $416.21. The company had a trading volume of 1,083,082 shares, compared to its average volume of 1,369,885. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. S&P Global has a 1 year low of $340.49 and a 1 year high of $461.16. The company has a market capitalization of $130.23 billion, a P/E ratio of 46.66, a P/E/G ratio of 2.32 and a beta of 1.15. The firm has a 50-day moving average price of $423.26 and a 200-day moving average price of $418.76.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of SPGI. Private Wealth Management Group LLC purchased a new position in S&P Global in the 4th quarter valued at about $26,000. Pineridge Advisors LLC acquired a new stake in shares of S&P Global in the fourth quarter worth approximately $26,000. Valued Wealth Advisors LLC acquired a new stake in shares of S&P Global in the fourth quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of 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 acquiring an additional 25 shares during the last quarter. Finally, Fortis Group Advisors LLC acquired a new stake in shares of S&P Global in the third quarter worth approximately $33,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at S&P Global
In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares of the company's stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.
S&P Global Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.87%. The ex-dividend date is Wednesday, May 29th. S&P Global's payout ratio is currently 40.81%.
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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