S&P Global (NYSE:SPGI) – Investment analysts at Cantor Fitzgerald reduced their FY2019 earnings per share (EPS) estimates for shares of S&P Global in a report released on Sunday, April 22nd, according to Zacks Investment Research. Cantor Fitzgerald analyst J. Foresi now forecasts that the business services provider will post earnings of $9.70 per share for the year, down from their prior forecast of $9.71. Cantor Fitzgerald has a “Overweight” rating and a $196.00 price objective on the stock.
A number of other analysts have also recently weighed in on the stock. Morgan Stanley upped their price target on shares of S&P Global from $203.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Friday, April 27th. Raymond James decreased their price target on shares of S&P Global from $210.00 to $206.00 and set an “outperform” rating for the company in a research report on Thursday, April 19th. Zacks Investment Research lowered shares of S&P Global from a “buy” rating to a “sell” rating in a report on Wednesday, April 11th. ValuEngine upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Argus boosted their price objective on shares of S&P Global to $210.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. S&P Global has a consensus rating of “Hold” and a consensus target price of $195.36.
Shares of S&P Global stock opened at $194.83 on Tuesday. The company has a debt-to-equity ratio of 46.62, a current ratio of 1.05 and a quick ratio of 1.05. S&P Global has a twelve month low of $136.22 and a twelve month high of $197.76. The firm has a market cap of $48.29 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.36.
S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 26th. The business services provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.02. S&P Global had a net margin of 25.72% and a return on equity of 267.10%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company earned $1.62 EPS. The firm’s revenue was up 7.8% on a year-over-year basis.
Institutional investors have recently modified their holdings of the company. USA Mutuals Advisors Inc. acquired a new stake in shares of S&P Global in the 4th quarter valued at about $108,000. Truewealth LLC acquired a new stake in S&P Global during the fourth quarter worth about $112,000. Financial Gravity Companies Inc. acquired a new stake in S&P Global during the fourth quarter worth about $115,000. Cerebellum GP LLC acquired a new stake in S&P Global during the fourth quarter worth about $129,000. Finally, Bronfman E.L. Rothschild L.P. raised its stake in S&P Global by 89.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock worth $142,000 after acquiring an additional 396 shares during the period. Institutional investors and hedge funds own 86.33% of the company’s stock.
In other news, SVP Nancy Luquette sold 890 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $188.53, for a total value of $167,791.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $187.30, for a total transaction of $749,200.00. Following the completion of the sale, the chief executive officer now owns 145,850 shares in the company, valued at approximately $27,317,705. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,792 shares of company stock worth $3,973,197. Company insiders own 0.20% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 12th. Stockholders of record on Tuesday, May 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.03%. S&P Global’s dividend payout ratio (DPR) is presently 29.03%.
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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