S&P Global Inc (NYSE:SPGI) CEO Alexander Matturri, Jr. sold 1,790 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 19,478 shares of the company’s stock, valued at approximately $4,010,130.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of SPGI stock opened at $217.99 on Wednesday. S&P Global Inc has a 52 week low of $156.68 and a 52 week high of $218.05. 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 firm has a market capitalization of $53.28 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16.
S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.02. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 EPS. On average, equities analysts expect that S&P Global Inc will post 9.03 earnings per share for the current year.
Several research analysts recently issued reports on the stock. Raymond James increased their price target on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Zacks Investment Research cut shares of S&P Global from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Barclays cut their price target on shares of S&P Global from $220.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, January 7th. Morgan Stanley set a $193.00 target price on shares of S&P Global and gave the stock a “hold” rating in a research report on Wednesday, January 23rd. Finally, UBS Group lowered shares of S&P Global from a “buy” rating to a “neutral” rating and upped their target price for the stock from $200.00 to $205.00 in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $212.18.
About S&P Global
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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