S&P Global Inc. (NYSE:SPGI – Free Report) – William Blair raised their Q1 2024 earnings estimates for shares of S&P Global in a research report issued to clients and investors on Monday, April 15th. William Blair analyst A. Nicholas now expects that the business services provider will post earnings of $3.69 per share for the quarter, up from their previous forecast of $3.57. The consensus estimate for S&P Global’s current full-year earnings is $14.02 per share. William Blair also issued estimates for S&P Global’s Q2 2024 earnings at $3.49 EPS, FY2024 earnings at $14.00 EPS and FY2025 earnings at $15.80 EPS.
S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate 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 company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company posted $2.54 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year.
View Our Latest Analysis on SPGI
S&P Global Stock Performance
Shares of SPGI stock opened at $412.11 on Wednesday. The firm’s 50 day moving average price is $425.70 and its 200-day moving average price is $415.27. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. S&P Global has a one year low of $338.92 and a one year high of $461.16. The firm has a market cap of $131.98 billion, a P/E ratio of 50.07, a P/E/G ratio of 2.32 and a beta of 1.15.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SPGI. Kathleen S. Wright Associates Inc. purchased a new stake in shares of S&P Global in the third quarter valued at about $25,000. Private Wealth Management Group LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at about $26,000. Pineridge Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at about $26,000. Valued Wealth Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at about $28,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 25 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at S&P Global
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were 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 directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.
S&P Global Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. S&P Global’s dividend payout ratio is currently 44.23%.
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.
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