Is S&P Global Inc (NYSE: SPGI) The Best Stock To Invest In?

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. The stock was recently discussed on Yahoo Finance as it revealed that Morgan Automotive Group Selects automotiveMastermind as its Data & Technology Partner.

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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 $454.05 and fluctuated between $456.73 as its day high and $448.18 as its day low. The current market capitalization of S&P Global Inc is $143.84B. A total of 1.51 million shares were traded on the day, compared to an average of 1.20M 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 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 6,000 shares. Over the last 12 months, there were 11 BUYs and 58 SELLs from insiders. Insiders purchased 100,394 shares during that period but sold 135,777.

In the most recent transaction, Peterson Douglas L. sold 6,000 shares of SPGI for 405.28 per share on Nov 15. After the transaction, the CEO & President now owns 163,613 company shares. In a previous transaction on Sep 05, Steenbergen Ewout L sold 23,502 shares at 400.00 per share. SPGI shares that EVP & Chief Financial Officer owns now total 3,552.

Among the insiders who sold shares, Saha Saugata disposed of 100 shares on Sep 05 at a per-share price of $394.45. This resulted in the President, Commodity Insights holding 834 shares of SPGI after the transaction. In another insider transaction, Saha Saugata sold 200 shares at $390.13 per share on Aug 28. Company shares held by the President, Commodity Insights now total 934.

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 $3.60, resulting in a dividend yield of 0.79%, and it has a price to earnings (P/E) ratio of 58.73. SPGI’s most recent ex-dividend date was 2/26/2024 when it declared a $0.91 quarterly dividend that was paid in cash on 3/12/2024. Previously, the company paid the dividend on 12/12/2023 with an ex-dividend date of 11/27/2023. The SPGI stock dividend was $0.90 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 $482.62 with high estimates of $550.00 and low estimates of $435.00. In terms of 52-week highs and lows, SPGI has a high of $457.46 and a low of $321.14.

As of this writing, SPGI has an earnings estimate of $3.14 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $3.31 per share and a lower estimate of $3.08. The company reported an EPS of $3.12 in the last quarter, which was -0.60% lower than expectations of $3.14.

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 $4.61B in debt and $3.81B in liabilities at the time. Its Book Value Per Share was $111.80, 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, 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 4.84.

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