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.
Wall Street Analyst Weigh In
Several research firms recently commented on SPGI. Atlantic Securities dropped their price target on 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. Morgan Stanley dropped their price target on S&P Global from $398.00 to $390.00 and set an "overweight" rating for the company in a research report on Wednesday. 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. Redburn Partners began coverage on S&P Global in a research report on Tuesday, May 17th. They issued a "buy" rating for the company. Finally, Raymond James dropped their price target on 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. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $422.00.
S&P Global Trading Down 0.3 %
Shares of S&P Global stock traded down $1.25 on Friday, hitting $376.65. 977,925 shares of the company traded hands, compared to its average volume of 1,770,033. The stock's 50 day moving average price is $345.78 and its 200-day moving average price is $371.96. The company has a current ratio of 1.26, a quick ratio of 1.38 and a debt-to-equity ratio of 0.27. S&P Global has a 52 week low of $311.87 and a 52 week high of $484.21. The company has a market cap of $125.61 billion, a PE ratio of 28.07, a PEG ratio of 2.74 and a beta of 1.04.
S&P Global (NYSE:SPGI - Get Rating) last posted its quarterly 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). S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the firm posted $3.62 EPS. The business's revenue was up 42.1% on a year-over-year basis. Equities research analysts predict that S&P Global will post 11.49 EPS for the current year.
S&P Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 26th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, August 25th. S&P Global's dividend payout ratio is presently 25.34%.
Insider Activity
In related news, EVP Nancy Luquette sold 2,287 shares of the business's stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $333.74, for a total value of $763,263.38. Following the completion of the transaction, the executive vice president now owns 5,667 shares of the company's stock, valued at $1,891,304.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Dimitra Manis sold 2,000 shares of the business's stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $336.53, for a total value of $673,060.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares of the company's stock, valued at $1,628,468.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nancy Luquette sold 2,287 shares of the business's stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $333.74, for a total transaction of $763,263.38. Following the completion of the transaction, the executive vice president now directly owns 5,667 shares of the company's stock, valued at approximately $1,891,304.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,487 shares of company stock valued at $2,612,291. Corporate insiders own 0.10% of the company's stock.
