S&P Global (SPGI) Reaches New 1-Year High at $217.94

S&P Global Inc (NYSE:SPGI) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $217.94 and last traded at $217.40, with a volume of 11568 shares changing hands. The stock had previously closed at $216.47.

A number of analysts recently weighed in on the stock. UBS Group increased their price objective on shares of S&P Global from $205.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Atlantic Securities raised shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price objective on the stock in a research report on Friday, January 11th. Raymond James reduced their price objective on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 8th. Zacks Investment Research lowered shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley set a $193.00 price objective on shares of S&P Global and gave the stock a “hold” rating in a research report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $212.18.

The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 5.35. The stock has a market capitalization of $52.91 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.36 and a beta of 1.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.02. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the company posted $1.85 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts anticipate that S&P Global Inc will post 9.03 EPS for the current year.

In other news, CFO Ewout L. Steenbergen sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $194.20, for a total transaction of $776,800.00. Following the transaction, the chief financial officer now directly owns 5,239 shares of the company’s stock, valued at $1,017,413.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,790 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $205.88, for a total transaction of $368,525.20. Following the transaction, the chief executive officer now directly owns 19,478 shares in the company, valued at $4,010,130.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,041 shares of company stock worth $3,805,815. Corporate insiders own 0.20% of the company’s stock.

Large investors have recently modified their holdings of the company. Nordea Investment Management AB increased its position in shares of S&P Global by 3.3% during the fourth quarter. Nordea Investment Management AB now owns 409,183 shares of the business services provider’s stock worth $69,538,000 after acquiring an additional 12,882 shares during the period. Legal & General Group Plc increased its position in shares of S&P Global by 9.1% during the fourth quarter. Legal & General Group Plc now owns 1,291,174 shares of the business services provider’s stock worth $219,379,000 after acquiring an additional 107,927 shares during the period. Gates Capital Management Inc. increased its position in shares of S&P Global by 27.1% during the fourth quarter. Gates Capital Management Inc. now owns 393,855 shares of the business services provider’s stock worth $66,932,000 after acquiring an additional 83,855 shares during the period. Manning & Napier Group LLC purchased a new position in shares of S&P Global during the first quarter worth approximately $103,755,000. Finally, Prana Capital Management LP purchased a new position in shares of S&P Global during the fourth quarter worth approximately $5,253,000. 84.22% of the stock is currently owned by institutional investors and hedge funds.

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About S&P Global (NYSE:SPGI)

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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