S&P Global (NYSE:SPGI) Shares Gap Up to $413.28

S&P Global Inc. (NYSE:SPGI) gapped up prior to trading on Thursday . The stock had previously closed at $413.28, but opened at $428.04. S&P Global shares last traded at $410.22, with a volume of 550,398 shares changing hands.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent analyst reports. Barclays upped their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Stifel Nicolaus dropped their price objective on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, Raymond James upped their price objective on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

S&P Global Stock Performance

The business has a fifty day moving average of $424.13 and a 200-day moving average of $417.08. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The company has a market cap of $133.07 billion, a PE ratio of 50.22, a P/E/G ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company posted $2.54 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that S&P Global Inc. will post 14.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On S&P Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. D.B. Root & Company LLC grew its stake in S&P Global by 3.6% during the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in S&P Global by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 23 shares during the last quarter. Allworth Financial LP lifted its position in S&P Global by 1.8% during the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 24 shares during the last quarter. Oakworth Capital Inc. lifted its position in S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its position in S&P Global by 1.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 25 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.