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 traded up $5.75 during trading on Friday, hitting $391.92. 1,196,991 shares of the company traded hands, compared to its average volume of 2,347,111. The company has a market cap of $130.71 billion, a PE ratio of 28.99, a P/E/G ratio of 2.85 and a beta of 1.04. The stock's 50-day simple moving average is $348.77 and its two-hundred day simple moving average is $371.33. S&P Global has a 1 year low of $311.87 and a 1 year 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.
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 for the quarter, missing the consensus estimate of $2.93 by ($0.12). The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3 billion. S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The business's revenue was up 42.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.62 earnings per share. As a group, sell-side analysts anticipate that S&P Global will post 11.49 earnings per share for the current fiscal year.
S&P Global Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 26th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $3.40 annualized dividend and a yield of 0.87%. S&P Global's dividend payout ratio (DPR) is currently 25.34%.
Wall Street Analyst Weigh In
SPGI has been the topic of a number of research analyst reports. Credit Suisse Group lowered their price objective on shares of S&P Global from $495.00 to $425.00 in a research report on Wednesday, May 4th. Morgan Stanley reduced their target price on shares of S&P Global from $398.00 to $390.00 and set an "overweight" rating for the company in a report on Wednesday, August 3rd. Raymond James reduced their target price on shares of S&P Global from $462.00 to $417.00 and set an "outperform" rating for the company in a report on Tuesday, July 12th. 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 report on Monday, June 6th. Finally, BMO Capital Markets reduced their target price on shares of S&P Global from $433.00 to $365.00 in a report on Thursday, June 2nd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $422.00.
Insider Buying and Selling at S&P Global
In other S&P Global news, insider John L. Berisford sold 13,450 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $370.59, for a total transaction of $4,984,435.50. Following the completion of the transaction, the insider now owns 24,430 shares in the company, valued at $9,053,513.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other S&P Global news, EVP Dimitra Manis sold 2,000 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $336.53, for a total transaction of $673,060.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares in the company, valued at $1,628,468.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John L. Berisford sold 13,450 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now owns 24,430 shares of the company's stock, valued at approximately $9,053,513.70. The disclosure for this sale can be found here. Insiders sold 29,150 shares of company stock worth $10,819,279 over the last 90 days. 0.10% of the stock is owned by insiders.
