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

S&P Global Inc. (NYSE:SPGI)’s share price 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 trading hands.

Analyst Ratings Changes

A number of analysts have commented on SPGI shares. Oppenheimer reissued an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a report on Tuesday, April 2nd. Stifel Nicolaus decreased their price target on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. BMO Capital Markets increased their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Finally, Raymond James raised their price objective on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $462.00.

S&P Global Price Performance

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 stock has a market cap of $133.07 billion, a price-to-earnings ratio of 50.22, a PEG ratio of 2.32 and a beta of 1.15. The stock has a 50-day moving average price of $424.13 and a two-hundred day moving average price of $417.08.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.54 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 14.11 EPS for the current year.

Insider Activity at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’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 transaction of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares in the company, 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. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Private Wealth Management Group LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $26,000. Pineridge Advisors LLC purchased a new stake in shares of S&P Global during the fourth quarter worth $26,000. Valued Wealth Advisors LLC purchased a new position in S&P Global in the fourth quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group increased its holdings in 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 buying an additional 25 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of S&P Global during the third quarter worth about $25,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

About S&P Global

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.