S&P Global Inc (NYSE:SPGI) – Equities researchers at William Blair lowered their FY2019 earnings estimates for S&P Global in a report issued on Thursday, October 25th, Zacks Investment Research reports. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings per share of $9.20 for the year, down from their prior forecast of $9.30.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.10. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. S&P Global had a return on equity of 340.41% and a net margin of 27.10%.
Other equities research analysts have also issued research reports about the company. BMO Capital Markets upped their target price on S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a research note on Friday, July 27th. Morgan Stanley increased their price target on S&P Global from $217.00 to $219.00 and gave the stock an “equal weight” rating in a research note on Friday, July 27th. Atlantic Securities downgraded S&P Global from an “overweight” rating to a “neutral” rating in a report on Wednesday, August 1st. Raymond James dropped their price objective on S&P Global from $222.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Finally, Zacks Investment Research downgraded S&P Global from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $208.00.
Shares of SPGI traded up $2.14 on Monday, reaching $177.64. The stock had a trading volume of 1,396,897 shares, compared to its average volume of 2,015,826. The stock has a market cap of $44.03 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.43 and a beta of 1.18. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.44 and a quick ratio of 1.44. S&P Global has a twelve month low of $162.25 and a twelve month high of $217.31.
Institutional investors have recently made changes to their positions in the company. Glenmede Trust Co. NA lifted its holdings in S&P Global by 1,004.1% in the second quarter. Glenmede Trust Co. NA now owns 177,092 shares of the business services provider’s stock worth $36,107,000 after acquiring an additional 161,052 shares during the last quarter. Bank of America Corp DE lifted its holdings in S&P Global by 1.2% in the second quarter. Bank of America Corp DE now owns 1,194,906 shares of the business services provider’s stock worth $243,630,000 after acquiring an additional 13,859 shares during the last quarter. Davy Asset Management Ltd bought a new position in S&P Global in the second quarter worth about $1,576,000. USS Investment Management Ltd lifted its holdings in S&P Global by 24.2% in the third quarter. USS Investment Management Ltd now owns 966,695 shares of the business services provider’s stock worth $188,887,000 after acquiring an additional 188,210 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in S&P Global by 3,985.1% in the second quarter. Marshall Wace LLP now owns 389,800 shares of the business services provider’s stock worth $79,476,000 after acquiring an additional 380,258 shares during the last quarter. Institutional investors own 82.92% of the company’s stock.
In other news, SVP Nancy Luquette sold 225 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $183.51, for a total transaction of $41,289.75. Following the completion of the sale, the senior vice president now directly owns 306 shares in the company, valued at $56,154.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, November 27th. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. S&P Global’s dividend payout ratio 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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