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 Price Performance
SPGI opened at $393.20 on Thursday. The stock's 50-day moving average price is $346.68 and its 200 day moving average price is $371.40. S&P Global has a 12-month low of $311.87 and a 12-month high of $484.21. 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 cap of $131.13 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.73 and a beta of 1.04.
S&P Global (NYSE:SPGI - Get Rating) last posted its earnings results on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share (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 firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the company posted $3.62 EPS. S&P Global's revenue was up 42.1% on a year-over-year basis. As a group, sell-side analysts expect that S&P Global will post 11.49 earnings per share 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. The ex-dividend date is Thursday, August 25th. This represents a $3.40 dividend on an annualized basis and a yield of 0.86%. S&P Global's dividend payout ratio is currently 25.34%.
Wall Street Analyst Weigh In
SPGI has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on S&P Global from $398.00 to $390.00 and set an "overweight" rating for the company in a research report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on S&P Global from $483.00 to $418.00 in a research report on Thursday, June 2nd. Jefferies Financial Group dropped their price target on S&P Global from $440.00 to $416.00 and set a "buy" rating for the company in a research report on Thursday, June 2nd. UBS Group dropped their price target on S&P Global from $441.00 to $407.00 and set a "buy" rating for the company in a research report on Monday, June 6th. Finally, Credit Suisse Group dropped their price target on S&P Global from $495.00 to $425.00 in a research report on Wednesday, May 4th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $422.00.
Insiders Place Their Bets
In other news, CEO Douglas L. Peterson sold 7,500 shares of S&P Global stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $377.13, for a total transaction of $2,828,475.00. Following the completion of the sale, the chief executive officer now directly owns 174,890 shares of the company's stock, valued at approximately $65,956,265.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Nancy Luquette sold 2,287 shares of S&P Global stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $333.74, for a total transaction of $763,263.38. Following the sale, the executive vice president now owns 5,667 shares in the company, valued at $1,891,304.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas L. Peterson sold 7,500 shares of S&P Global stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $377.13, for a total value of $2,828,475.00. Following the sale, the chief executive officer now owns 174,890 shares in the company, valued at approximately $65,956,265.70. The disclosure for this sale can be found here. Insiders sold 28,437 shares of company stock worth $10,425,202 in the last 90 days. Corporate insiders own 0.10% of the company's stock.
