S&P Global Inc. (NYSE:SPGI - Free Report) - Equities researchers at Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for shares of S&P Global in a report issued on Tuesday, May 14th. Zacks Research analyst R. Department now expects that the business services provider will post earnings per share of $3.26 for the quarter, down from their previous forecast of $3.48. The consensus estimate for S&P Global's current full-year earnings is $14.10 per share. Zacks Research also issued estimates for S&P Global's Q3 2024 earnings at $3.40 EPS, Q4 2024 earnings at $3.26 EPS, Q1 2025 earnings at $3.94 EPS, Q2 2025 earnings at $3.74 EPS, Q3 2025 earnings at $3.86 EPS, Q4 2025 earnings at $4.03 EPS, Q1 2026 earnings at $4.30 EPS and FY2026 earnings at $17.81 EPS.
A number of other research firms also recently weighed in on SPGI. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Erste Group Bank reiterated a "hold" rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus increased their price objective on S&P Global from $442.00 to $446.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Oppenheimer upped their price target on S&P Global from $480.00 to $482.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Finally, Barclays increased their price target on S&P Global from $500.00 to $520.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $467.89.
View Our Latest Stock Analysis on S&P Global
S&P Global Price Performance
Shares of NYSE SPGI traded up $7.67 during midday trading on Wednesday, reaching $435.70. 1,271,306 shares of the company were exchanged, compared to its average volume of 1,354,448. The stock has a market cap of $136.33 billion, a P/E ratio of 48.58, a PEG ratio of 2.39 and a beta of 1.14. S&P Global has a one year low of $340.49 and a one year high of $461.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock's 50-day moving average price is $422.78 and its 200-day moving average price is $423.86.
S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion.
Institutional Investors Weigh In On S&P Global
A number of large investors have recently modified their holdings of the stock. Private Wealth Management Group LLC purchased a new stake in shares of S&P Global in the 4th quarter worth about $26,000. Pineridge Advisors LLC purchased a new stake in S&P Global in the fourth quarter worth about $26,000. Valued Wealth Advisors LLC bought a new position in shares of S&P Global during the fourth quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of 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 purchasing an additional 25 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA grew its stake in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider's stock worth $33,000 after buying an additional 50 shares during the last quarter. Institutional investors own 87.17% of the company's stock.
Insider Buying and Selling at S&P Global
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.
S&P Global Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global's dividend payout ratio is currently 40.81%.
About S&P Global
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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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