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 Performance
Shares of SPGI Stock traded up $2.65 on Monday, hitting $394.57. 6,137 shares of the stock were exchanged, compared to its average volume of 2,347,111. 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 firm has a market capitalization of $131.59 billion, a PE ratio of 29.20, a P/E/G ratio of 2.84 and a beta of 1.04. S&P Global has a one year low of $311.87 and a one year high of $484.21. The firm's 50 day moving average is $349.89 and its two-hundred day moving average is $370.93.
S&P Global (NYSE:SPGI - Get Rating) last issued its earnings results on Tuesday, August 2nd. The business services provider reported $2.81 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.12). S&P Global had a return on equity of 17.22% and a net margin of 38.49%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the business earned $3.62 EPS. The firm's revenue for the quarter was up 42.1% compared to the same quarter last year. Sell-side analysts expect that S&P Global will post 11.49 earnings per share for the current fiscal year.
S&P Global Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 26th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $3.40 annualized dividend and a yield of 0.86%. S&P Global's dividend payout ratio is currently 25.34%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on SPGI shares. BMO Capital Markets cut their price target on shares of S&P Global from $433.00 to $365.00 in a report on Thursday, June 2nd. Atlantic Securities dropped 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 note on Wednesday, June 8th. Redburn Partners initiated coverage on shares of S&P Global in a report on Tuesday, May 17th. They set a "buy" rating on the stock. Morgan Stanley reduced their target price on shares of S&P Global from $398.00 to $390.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 3rd. Finally, Raymond James reduced their price objective on shares of S&P Global from $462.00 to $417.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 12th. Two equities research 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, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $422.00.
Insiders Place Their Bets
In other news, EVP Nancy Luquette sold 3,200 shares of S&P Global stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the completion of the sale, the executive vice president now owns 2,467 shares in the company, valued at approximately $906,597.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider John L. Berisford sold 13,450 shares of S&P Global stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $370.59, for a total transaction of $4,984,435.50. Following the sale, the insider now directly owns 24,430 shares in the company, valued at $9,053,513.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nancy Luquette sold 3,200 shares of the business's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $367.49, for a total value of $1,175,968.00. Following the completion of the sale, the executive vice president now directly owns 2,467 shares in the company, valued at $906,597.83. The disclosure for this sale can be found here. Insiders sold a total of 27,150 shares of company stock worth $10,146,219 in the last quarter. 0.10% of the stock is owned by company insiders.
