S&P Global Inc. (NYSE:SPGI) EVP Nancy Luquette Sells 3,200 Shares

Posted by MarketBeat News on Aug 6th, 2022

S&P Global Inc. (NYSE:SPGI – Get Rating) EVP Nancy Luquette sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $367.49, for a total value of $1,175,968.00. Following the completion of the sale, the executive vice president now owns 2,467 shares of the company’s stock, valued at approximately $906,597.83. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Nancy Luquette also recently made the following trade(s):

On Friday, May 13th, Nancy Luquette sold 2,287 shares of S&P Global stock. The stock was sold at an average price of $333.74, for a total value of $763,263.38.

S&P Global Price Performance

Shares of SPGI stock opened at $376.65 on Friday. The stock has a market cap of $128.00 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.67 and a beta of 1.04. The business’s fifty day moving average is $345.78 and its 200 day moving average is $372.31. S&P Global Inc. has a twelve month low of $311.87 and a twelve month high of $484.21. The company has a quick ratio of 1.38, a current ratio of 1.26 and a debt-to-equity ratio of 0.27.

S&P Global (NYSE:SPGI – Get Rating) last issued 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). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3 billion. S&P Global had a return on equity of 17.22% and a net margin of 38.49%. S&P Global’s revenue for the quarter was up 42.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.62 earnings per share. Research analysts expect that S&P Global Inc. will post 11.5 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 26th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $3.40 annualized dividend and a yield of 0.90%. S&P Global’s payout ratio is 25.34%.

Institutional Investors Weigh In On S&P Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. Vanguard Group Inc. grew its stake in S&P Global by 44.5% in the first quarter. Vanguard Group Inc. now owns 29,370,454 shares of the business services provider’s stock worth $12,047,173,000 after purchasing an additional 9,042,302 shares during the period. BlackRock Inc. boosted its holdings in S&P Global by 43.8% in the first quarter. BlackRock Inc. now owns 27,047,127 shares of the business services provider’s stock worth $11,094,191,000 after acquiring an additional 8,234,255 shares in the last quarter. State Street Corp boosted its holdings in S&P Global by 45.0% in the first quarter. State Street Corp now owns 16,352,445 shares of the business services provider’s stock worth $6,707,446,000 after acquiring an additional 5,078,366 shares in the last quarter. TCI Fund Management Ltd. boosted its holdings in S&P Global by 82.1% in the first quarter. TCI Fund Management Ltd. now owns 6,823,072 shares of the business services provider’s stock worth $2,798,688,000 after acquiring an additional 3,075,788 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in S&P Global by 47.8% in the first quarter. Wellington Management Group LLP now owns 8,476,209 shares of the business services provider’s stock worth $3,476,772,000 after acquiring an additional 2,742,007 shares in the last quarter. 94.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPGI. BMO Capital Markets lowered their price objective on S&P Global from $433.00 to $365.00 in a research report on Thursday, June 2nd. Robert W. Baird lowered their price objective on S&P Global from $472.00 to $414.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on S&P Global from $483.00 to $418.00 in a research report on Thursday, June 2nd. Jefferies Financial Group lowered their price objective on S&P Global from $440.00 to $416.00 and set a “buy” rating for the company in a research report on Thursday, June 2nd. Finally, UBS Group lowered their price objective on S&P Global from $441.00 to $407.00 and set a “buy” rating for the company in a research report on Monday, June 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $422.00.

About S&P Global

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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.