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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions. The S&P Global Ratings division operates as an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings, and benchmarks. The S&P Dow Jones Indices division is an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. The S&P Global Commodity Insights division offers data and insights for global energy and commodity markets and enable its customers to make decisions. The S&P Global Market Intelligence division delivers data and technology solutions for customers to provide insights for making decisions. It offers data and services that bring end-to-end workflow solutions, including capital formation, data and distribution, ESG and sustainability, leveraged loans, private markets, sector coverage, supply chain, and issuer solutions, as well as credit, risk, and regulatory solutions. The S&P Global Mobility division provides insights derived from unmatched automotive data, enabling its customers to anticipate change and make decisions. The S&P Global Engineering Solutions division offers engineering expertise and solutions in industries, such as aerospace and defense, energy, architecture, construction, and transportation. Its solutions empower business and technical leaders to transform workflows and make decisions. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.
S&P Global Stock Down 0.6 %
Shares of S&P Global stock opened at $388.77 on Wednesday. S&P Global has a 12-month low of $311.87 and a 12-month high of $484.21. The company has a market cap of $129.65 billion, a P/E ratio of 28.97, a PEG ratio of 2.84 and a beta of 1.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.27. The company's fifty day simple moving average is $351.83 and its two-hundred day simple moving average is $370.94.
S&P Global (NYSE:SPGI - Get Rating) last announced its earnings results on Tuesday, August 2nd. The business services provider reported $2.81 EPS for the quarter, missing analysts' consensus estimates of $2.93 by ($0.12). S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the firm posted $3.62 EPS. The business's quarterly revenue was up 42.1% on a year-over-year basis. Research analysts anticipate that S&P Global will post 11.49 EPS for the current year.
S&P Global Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 26th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, August 25th. S&P Global's payout ratio is 25.34%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of S&P Global from $441.00 to $407.00 and set a "buy" rating for the company in a research note on Monday, June 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of S&P Global from $483.00 to $418.00 in a research report on Thursday, June 2nd. Atlantic Securities cut their price objective on shares of S&P Global from $440.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, June 8th. Raymond James cut their price objective on shares of S&P Global from $462.00 to $417.00 and set an "outperform" rating for the company in a research report on Tuesday, July 12th. Finally, Credit Suisse Group cut their price objective on shares of S&P Global from $495.00 to $425.00 in a research report on Wednesday, May 4th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $422.00.
Insider Buying and Selling
In other S&P Global news, EVP Nancy Luquette sold 3,200 shares of the company's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the transaction, the executive vice president now owns 2,467 shares in the company, valued at approximately $906,597.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other S&P Global news, EVP Nancy Luquette sold 3,200 shares of the company's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the transaction, the executive vice president now owns 2,467 shares in the company, valued at approximately $906,597.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Martina Cheung sold 3,000 shares of the company's stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $385.78, for a total transaction of $1,157,340.00. Following the sale, the insider now directly owns 6,783 shares of the company's stock, valued at approximately $2,616,745.74. The disclosure for this sale can be found here. Insiders have sold a total of 27,150 shares of company stock worth $10,146,219 in the last quarter. Corporate insiders own 0.10% of the company's stock.
