S&P Global Inc (NYSE:SPGI) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Tuesday, November 26th will be paid a dividend of 0.57 per share by the business services provider on Wednesday, December 11th. This represents a $2.28 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Monday, November 25th.
NYSE:SPGI traded down $0.60 during trading hours on Thursday, reaching $252.79. 5,810 shares of the company traded hands, compared to its average volume of 1,088,666. The business’s 50-day moving average price is $250.39 and its two-hundred day moving average price is $239.10. The stock has a market capitalization of $62.65 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.73 and a beta of 1.07. S&P Global has a 1 year low of $156.68 and a 1 year high of $269.57. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.91.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.12. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.65 billion. S&P Global had a return on equity of 448.14% and a net margin of 32.22%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.11 earnings per share. As a group, equities analysts anticipate that S&P Global will post 9.38 EPS for the current year.
In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Friday, August 16th. The stock was sold at an average price of $254.83, for a total value of $1,528,980.00. Following the completion of the sale, the chief executive officer now owns 163,731 shares of the company’s stock, valued at $41,723,570.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of S&P Global stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $254.46, for a total value of $256,241.22. The disclosure for this sale can be found here. Insiders sold 11,986 shares of company stock valued at $3,063,427 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.
SPGI has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on S&P Global from $257.00 to $271.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. UBS Group lifted their target price on S&P Global from $301.00 to $314.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their target price on S&P Global to $266.00 in a report on Wednesday, October 30th. Stifel Nicolaus lifted their target price on S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Raymond James lifted their target price on S&P Global from $246.00 to $272.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. S&P Global presently has an average rating of “Buy” and a consensus target price of $264.42.
S&P Global Company Profile
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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