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Sunday, December 3, 2023

S&P Global Inc (NYSE: SPGI): Is It A Buying Opportunity Again?

After Hours

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. After-hours trades for S&P Global Inc (SPGI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $8.19, or 2.34%, to $357.50. The S&P Global Inc has recorded 137,027 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that S&P CORELOGIC CASE-SHILLER INDEX CONTINUES TO TREND UPWARD IN AUGUST.

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Stocks Info

SPGI belongs to the Financial sector of the NYSE while operating in the Financial Data & Stock Exchanges industry. The current market capitalization of S&P Global Inc is $111.15B. A total of 1.75 million shares were traded on the day, compared to an average of 1.08M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SPGI has seen 0 BUY and 8 SELL insider trades, representing the acquisition of 0 and the disposition of 34,202 shares. Over the last 12 months, there were 51 BUYs and 97 SELLs from insiders. Insiders purchased 146,875 shares during that period but sold 164,143.

In the most recent transaction, Steenbergen Ewout L sold 23,502 shares of SPGI for 400.00 per share on Sep 05. After the transaction, the EVP & Chief Financial Officer now owns 3,552 company shares. In a previous transaction on Sep 05, Saha Saugata sold 100 shares at 394.45 per share. SPGI shares that President, Commodity Insights owns now total 834.

Among the insiders who sold shares, Saha Saugata disposed of 200 shares on Aug 28 at a per-share price of $390.13. This resulted in the President, Commodity Insights holding 934 shares of SPGI after the transaction. In another insider transaction, Saha Saugata sold 200 shares at $382.00 per share on Aug 21. Company shares held by the President, Commodity Insights now total 1,134.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. S&P Global Inc pays an annual dividend of $3.60, resulting in a dividend yield of 1.03%, and it has a price to earnings (P/E) ratio of 48.28. SPGI’s most recent ex-dividend date was 11/27/2023 when it declared a $0.90 quarterly dividend that was paid in cash on 12/12/2023. Previously, the company paid the dividend on 9/12/2023 with an ex-dividend date of 8/25/2023. The SPGI stock dividend was $0.90 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SPGI in the last 3 months, the mean price target is $441.66 with high estimates of $470.00 and low estimates of $402.90. In terms of 52-week highs and lows, SPGI has a high of $428.65 and a low of $305.05.

As of this writing, SPGI has an earnings estimate of $3.04 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $3.13 per share and a lower estimate of $2.95. The company reported an EPS of $3.15 in the last quarter, which was 8.20% higher than expectations of $2.91.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SPGI’s latest balance sheet shows that the firm has $6.50B in Cash & Short Term Investments as of fiscal 2021. There were $4.61B in debt and $3.81B in liabilities at the time. Its Book Value Per Share was $111.46, while its Total Shareholder’s Equity was $5.54B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.83.

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