S&P Global Target of Unusually Large Options Trading (SPGI)

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

Shares of S&P Global (SPGI) opened at $175.61 on Thursday. The stock has a market cap of $44,780.00, a P/E ratio of 25.79, a P/E/G ratio of 1.94 and a beta of 1.51. S&P Global has a 1 year low of $110.54 and a 1 year high of $178.50. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 4.00.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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 net margin of 30.15% and a return on equity of 187.30%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company earned $1.43 earnings per share. S&P Global’s revenue for the quarter was up 5.1% on a year-over-year basis. analysts expect that S&P Global will post 6.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Monday, November 27th. S&P Global’s dividend payout ratio (DPR) is currently 24.08%.

In other news, EVP Courtney Geduldig sold 1,404 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $159.38, for a total transaction of $223,769.52. Following the completion of the sale, the executive vice president now owns 1,259 shares in the company, valued at approximately $200,659.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total transaction of $631,160.00. Following the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,000 shares of company stock valued at $1,104,704. Company insiders own 0.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SPGI. BlackRock Inc. lifted its stake in S&P Global by 11.3% during the second quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock worth $2,510,617,000 after purchasing an additional 1,744,482 shares during the last quarter. Janus Henderson Group PLC lifted its stake in S&P Global by 4,882.5% during the second quarter. Janus Henderson Group PLC now owns 1,745,016 shares of the business services provider’s stock worth $254,755,000 after purchasing an additional 1,709,993 shares during the last quarter. AJO LP bought a new position in S&P Global during the second quarter worth $130,724,000. American Century Companies Inc. lifted its stake in S&P Global by 109.6% during the third quarter. American Century Companies Inc. now owns 1,182,826 shares of the business services provider’s stock worth $184,888,000 after purchasing an additional 618,411 shares during the last quarter. Finally, Atlantic Trust Group LLC lifted its stake in S&P Global by 2,825.8% in the third quarter. Atlantic Trust Group LLC now owns 528,026 shares of the business services provider’s stock valued at $82,536,000 after buying an additional 509,979 shares during the last quarter. Institutional investors own 84.95% of the company’s stock.

Several equities analysts have issued reports on the stock. Stifel Nicolaus began coverage on shares of S&P Global in a research note on Tuesday, December 19th. They issued a “hold” rating and a $186.00 price objective on the stock. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating and set a $188.00 price target on the stock. in a research note on Friday, January 5th. Cantor Fitzgerald reiterated a “buy” rating and issued a $177.00 price objective on shares of S&P Global in a research report on Thursday, October 26th. BidaskClub lowered shares of S&P Global from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 20th. Finally, Wells Fargo & Co boosted their price objective on shares of S&P Global from $159.00 to $165.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. S&P Global presently has a consensus rating of “Buy” and a consensus target price of $171.67.

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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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