S&P Global Inc (SPGI) CEO Alexander Matturri, Jr. Sells 1,790 Shares

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.

Hedge funds have recently made changes to their positions in the business. Wambolt & Associates LLC boosted its holdings in shares of S&P Global by 3.1% in the 1st quarter. Wambolt & Associates LLC now owns 1,744 shares of the business services provider’s stock valued at $375,000 after buying an additional 53 shares during the period. Round Table Services LLC raised its position in shares of S&P Global by 3.9% during the 1st quarter. Round Table Services LLC now owns 1,510 shares of the business services provider’s stock worth $318,000 after buying an additional 57 shares in the last quarter. Carroll Financial Associates Inc. raised its position in shares of S&P Global by 12.6% during the 1st quarter. Carroll Financial Associates Inc. now owns 545 shares of the business services provider’s stock worth $114,000 after buying an additional 61 shares in the last quarter. Private Trust Co. NA raised its position in shares of S&P Global by 1.2% during the 1st quarter. Private Trust Co. NA now owns 6,124 shares of the business services provider’s stock worth $1,289,000 after buying an additional 70 shares in the last quarter. Finally, Elite Wealth Management Inc. raised its position in shares of S&P Global by 1.0% during the 4th quarter. Elite Wealth Management Inc. now owns 7,058 shares of the business services provider’s stock worth $1,199,000 after buying an additional 72 shares in the last quarter. 84.22% of the stock is owned by institutional investors.

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.

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

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