S&P Global Inc. (SPGI) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for S&P Global Inc. (SPGI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$10.92, or -3.26%, to $323.96. Volume reached 78,422 shares, with price reaching a high of $322.37 and a low of $322.37. Recently, Yahoo Finance discussed the stock, revealing that Novata and S&P Global Market Intelligence Announce Strategic Partnership to Enable Collection and Management of Financial and ESG Data for Private Market Investors.


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Stocks Info

S&P Global Inc. is listed on the NYSE in the Financial sector while operating in the Financial Data & Stock Exchanges industry. At the end of the last regular session, the stock closed at $322.37 and fluctuated between $334.25 as its day high and $322.22 as its day low. The current market capitalization of S&P Global Inc. is $107.82B. A total of 2.5 million shares were traded on the day, compared to an average of 1.74M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SPGI has seen 1 BUY and 16 SELL insider trades, representing the acquisition of 1,257 and the disposition of 58,492 shares. Over the last 12 months, there were 53 BUYs and 67 SELLs from insiders. Insiders purchased 181,755 shares during that period but sold 143,992.

In the most recent transaction, CHEUNG MARTINA sold 3,000 shares of SPGI for 385.78 per share on Aug 11. After the transaction, the President, S&P Global Ratings now owns 6,783 company shares. In a previous transaction on Aug 04, Peterson Douglas L. sold 7,500 shares at 377.13 per share. SPGI shares that CEO & President owns now total 174,890.

Among the insiders who sold shares, BERISFORD JOHN L disposed of 13,450 shares on Aug 04 at a per-share price of $370.59. This resulted in the Executive Advisor holding 24,430 shares of SPGI after the transaction. In another insider transaction, Kansler Adam Jason sold 17,710 shares at $372.10 per share on Aug 04. Company shares held by the President, Market Intelligence now total 23,647.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. S&P Global Inc. pays an annual dividend of $3.40, resulting in a dividend yield of 1.05%, and it has a price to earnings (P/E) ratio of 24.02. SPGI’s most recent ex-dividend date was 08/25/2022 when it declared a $0.85 quarterly dividend that was paid in cash on 09/12/2022. Previously, the company paid the dividend on 06/10/2022 with an ex-dividend date of 05/26/2022. The dividend was $0.85 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SPGI in the last 3 months, the mean price target is $405.50 with high estimates of $434.00 and low estimates of $375.00. In terms of 52-week highs and lows, SPGI has a high of $484.21 and a low of $311.87.

As of this writing, SPGI has an earnings estimate of $2.84 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $2.89 per share and a lower estimate of $2.76. The company reported an EPS of $2.81 in the last quarter, which was -3.44% lower than expectations of $2.91.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. SPGI’s latest balance sheet shows that the firm has $6.51B in Cash & Short Term Investments as of fiscal 2021. There were $4.70B in debt and $3.81B in liabilities at the time. Its Book Value Per Share was $116.67, while its Total Shareholder’s Equity was $5.54B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPGI is Sell with a score of 4.67. A total of 15 analysts rated the stock as Buy while 4 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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