Traders Buy Large Volume of Put Options on S&P Global (NYSE:SPGI)

S&P Global Inc (NYSE:SPGI) was the target of some unusual options trading on Monday. Stock traders acquired 1,567 put options on the stock. This is an increase of 996% compared to the average volume of 143 put options.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the completion of the transaction, the chief executive officer now directly owns 140,743 shares in the company, valued at $22,207,837.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Courtney Geduldig sold 1,404 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $159.38, for a total value of $223,769.52. Following the completion of the transaction, the executive vice president now owns 1,259 shares of the company’s stock, valued at $200,659.42. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. US Bancorp DE boosted its position in S&P Global by 2.1% in the fourth quarter. US Bancorp DE now owns 305,377 shares of the business services provider’s stock worth $51,730,000 after purchasing an additional 6,381 shares during the last quarter. Aperio Group LLC boosted its position in S&P Global by 4.8% in the fourth quarter. Aperio Group LLC now owns 153,986 shares of the business services provider’s stock worth $26,085,000 after purchasing an additional 7,067 shares during the last quarter. Victory Capital Management Inc. boosted its position in S&P Global by 9.0% in the fourth quarter. Victory Capital Management Inc. now owns 22,759 shares of the business services provider’s stock worth $3,855,000 after purchasing an additional 1,884 shares during the last quarter. Granite Investment Partners LLC boosted its position in S&P Global by 2.6% in the fourth quarter. Granite Investment Partners LLC now owns 48,934 shares of the business services provider’s stock worth $8,289,000 after purchasing an additional 1,229 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of S&P Global in the fourth quarter valued at $4,117,000. 85.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of S&P Global (SPGI) traded down $4.67 during trading hours on Friday, hitting $177.33. The company had a trading volume of 1,114,645 shares, compared to its average volume of 934,576. The stock has a market capitalization of $45,220.00, a PE ratio of 26.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.52. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52. S&P Global has a one year low of $121.11 and a one year high of $185.34.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. S&P Global’s quarterly revenue was up 5.1% on a year-over-year basis. analysts anticipate that S&P Global will post 6.68 earnings per share for the current year.

A number of equities research analysts have weighed in on SPGI shares. BMO Capital Markets reiterated a “buy” rating and issued a $177.00 target price on shares of S&P Global in a report on Friday, October 13th. Morgan Stanley lifted their target price on S&P Global from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Friday, October 6th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a report on Tuesday, January 23rd. Barclays lifted their target price on S&P Global from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $176.00 price objective on shares of S&P Global in a research note on Wednesday, October 18th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $172.00.

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About S&P Global

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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