S&P Global Inc (NYSE:SPGI) – Equities researchers at William Blair dropped their Q1 2019 EPS estimates for shares of S&P Global in a note issued to investors on Wednesday, Zacks Investment Research reports. William Blair analyst T. Mchugh now expects that the business services provider will post earnings per share of $2.17 for the quarter, down from their prior forecast of $2.18. William Blair also issued estimates for S&P Global’s Q2 2019 earnings at $2.28 EPS, Q3 2019 earnings at $2.32 EPS and Q4 2019 earnings at $2.53 EPS.
A number of other equities research analysts have also weighed in on the stock. ValuEngine lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Argus upped their target price on shares of S&P Global to $210.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Piper Jaffray restated an “overweight” rating and issued a $229.00 target price (up previously from $224.00) on shares of S&P Global in a report on Tuesday, February 13th. Credit Suisse Group upped their target price on shares of S&P Global from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Cantor Fitzgerald upped their target price on shares of S&P Global from $190.00 to $196.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $190.36.
Shares of NYSE SPGI traded down $4.43 during trading on Friday, hitting $186.63. 1,398,755 shares of the company traded hands, compared to its average volume of 1,397,307. S&P Global has a fifty-two week low of $127.60 and a fifty-two week high of $197.76. The firm has a market capitalization of $48,510.13, a P/E ratio of 27.09, a P/E/G ratio of 1.55 and a beta of 1.36. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.13.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.22. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. This is an increase from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, February 23rd. S&P Global’s dividend payout ratio is presently 29.03%.
In other news, insider John L. Berisford sold 15,902 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $192.19, for a total transaction of $3,056,205.38. Following the completion of the transaction, the insider now directly owns 25,455 shares of the company’s stock, valued at approximately $4,892,196.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nancy Luquette sold 890 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $188.53, for a total transaction of $167,791.70. The disclosure for this sale can be found here. Insiders sold a total of 20,792 shares of company stock valued at $3,973,197 over the last ninety days. 0.20% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in SPGI. Tesuji Partners LLC bought a new position in shares of S&P Global during the 4th quarter valued at approximately $180,044,000. Atlantic Trust Group LLC grew its position in shares of S&P Global by 2,825.8% during the 3rd quarter. Atlantic Trust Group LLC now owns 528,026 shares of the business services provider’s stock valued at $82,536,000 after acquiring an additional 509,979 shares during the period. Renaissance Technologies LLC grew its position in shares of S&P Global by 67.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,099,900 shares of the business services provider’s stock valued at $186,323,000 after acquiring an additional 442,000 shares during the period. BlackRock Inc. grew its position in shares of S&P Global by 2.3% during the 4th quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock valued at $3,062,502,000 after acquiring an additional 401,826 shares during the period. Finally, Bank of Montreal Can grew its position in shares of S&P Global by 48.2% during the 4th quarter. Bank of Montreal Can now owns 1,226,184 shares of the business services provider’s stock valued at $207,715,000 after acquiring an additional 398,623 shares during the period. 85.58% of the stock is owned by hedge funds and other institutional investors.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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