S&P Global Inc (NYSE:SPGI) CEO Sells $232,053.08 in Stock

S&P Global Inc (NYSE:SPGI) CEO Alexander Matturri, Jr. sold 1,007 shares of S&P Global stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total transaction of $232,053.08. Following the sale, the chief executive officer now directly owns 18,723 shares of the company’s stock, valued at approximately $4,314,528.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of NYSE SPGI opened at $241.26 on Friday. The stock’s fifty day moving average price is $225.73. The company has a market capitalization of $58.70 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $241.29. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 11.03.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.00 earnings per share. As a group, analysts forecast that S&P Global Inc will post 9.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.95%. S&P Global’s dividend payout ratio is 26.82%.

A number of analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a report on Wednesday. Raymond James lifted their target price on shares of S&P Global from $226.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. set a GBX 3,200 ($41.81) target price on shares of Diageo and gave the stock a “neutral” rating in a report on Wednesday. Piper Jaffray Companies set a $16.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, UBS Group lifted their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $225.55.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Meridian Wealth Management LLC bought a new position in shares of S&P Global during the first quarter worth $26,000. Harvest Group Wealth Management LLC bought a new position in shares of S&P Global during the first quarter worth $28,000. Kistler Tiffany Companies LLC boosted its position in shares of S&P Global by 220.0% during the first quarter. Kistler Tiffany Companies LLC now owns 160 shares of the business services provider’s stock worth $34,000 after purchasing an additional 110 shares in the last quarter. Berman Capital Advisors LLC boosted its position in shares of S&P Global by 59.6% during the first quarter. Berman Capital Advisors LLC now owns 166 shares of the business services provider’s stock worth $34,000 after purchasing an additional 62 shares in the last quarter. Finally, CNB Bank boosted its position in shares of S&P Global by 45.9% during the first quarter. CNB Bank now owns 178 shares of the business services provider’s stock worth $37,000 after purchasing an additional 56 shares in the last quarter. 82.77% of the stock is currently owned by institutional investors.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Insider Buying and Selling by Quarter for S&P Global (NYSE:SPGI)

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