S&P Global Inc (NYSE:SPGI) announced a quarterly dividend on Tuesday, June 25th, Zacks reports. Shareholders of record on Tuesday, August 27th will be paid a dividend of 0.57 per share by the business services provider on Wednesday, September 11th. This represents a $2.28 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Monday, August 26th.
S&P Global has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect S&P Global to earn $10.09 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 22.6%.
Shares of SPGI stock opened at $257.04 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 7.52. S&P Global has a 1 year low of $156.68 and a 1 year high of $266.22. The firm’s fifty day moving average price is $247.18 and its two-hundred day moving average price is $221.01. The firm has a market capitalization of $64.86 billion, a P/E ratio of 30.24, a PEG ratio of 2.86 and a beta of 1.08.
In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $254.83, for a total transaction 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 approximately $41,723,570.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of S&P Global stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total transaction of $232,053.08. Following the sale, the chief executive officer now directly owns 18,723 shares of the company’s stock, valued at approximately $4,314,528.12. The disclosure for this sale can be found here. In the last three months, insiders sold 23,425 shares of company stock valued at $5,898,602. Insiders own 0.20% of the company’s stock.
Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of S&P Global from $254.00 to $262.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. BMO Capital Markets lifted their price objective on shares of S&P Global to $255.00 and gave the company a “market perform” rating in a research report on Friday, August 2nd. Argus lifted their price objective on shares of S&P Global to $290.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Raymond James lifted their price objective on shares of S&P Global from $246.00 to $272.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $252.23.
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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