S&P Global Inc (NYSE:SPGI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $263.16 and last traded at $261.96, with a volume of 14994 shares changing hands. The stock had previously closed at $260.68.

SPGI has been the subject of a number of research analyst reports. Zacks Investment Research raised S&P Global from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Morgan Stanley lifted their price target on S&P Global from $254.00 to $262.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Raymond James lifted their price target on S&P Global from $246.00 to $272.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Argus lifted their price target on S&P Global to $290.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, UBS Group lifted their price target on S&P Global from $252.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $252.23.

The stock has a market capitalization of $63.22 billion, a P/E ratio of 30.80, a PEG ratio of 2.79 and a beta of 1.08. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 7.52. The company has a fifty day simple moving average of $245.12 and a two-hundred day simple moving average of $219.64.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $2.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.15. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. S&P Global had a return on equity of 341.54% and a net margin of 31.02%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.17 EPS. As a group, analysts forecast that S&P Global Inc will post 9.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, August 26th. This represents a $2.28 annualized dividend and a yield of 0.87%. S&P Global’s dividend payout ratio is currently 26.82%.

In other news, CEO Alexander Matturri, Jr. sold 1,007 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total value of $232,053.08. Following the completion of the sale, the chief executive officer now directly owns 18,723 shares of the company’s stock, valued at approximately $4,314,528.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven J. Kemps sold 5,500 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $249.88, for a total value of $1,374,340.00. Following the completion of the sale, the executive vice president now directly owns 7,540 shares of the company’s stock, valued at $1,884,095.20. The disclosure for this sale can be found here. Insiders have sold a total of 17,425 shares of company stock valued at $4,369,622 over the last three months. Company insiders own 0.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in SPGI. Nuveen Asset Management LLC increased its stake in shares of S&P Global by 43,397.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,953,477 shares of the business services provider’s stock valued at $672,772,000 after acquiring an additional 2,946,687 shares during the last quarter. Packer & Co Ltd increased its stake in shares of S&P Global by 302.8% in the 2nd quarter. Packer & Co Ltd now owns 801,578 shares of the business services provider’s stock valued at $38,497,000 after acquiring an additional 602,578 shares during the last quarter. Investec Asset Management LTD increased its stake in shares of S&P Global by 42.6% in the 2nd quarter. Investec Asset Management LTD now owns 1,148,916 shares of the business services provider’s stock valued at $261,712,000 after acquiring an additional 343,143 shares during the last quarter. BlackRock Inc. increased its stake in shares of S&P Global by 2.1% in the 2nd quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock valued at $3,805,622,000 after acquiring an additional 339,310 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of S&P Global by 24.5% in the 1st quarter. Lazard Asset Management LLC now owns 1,693,668 shares of the business services provider’s stock valued at $356,601,000 after acquiring an additional 333,020 shares during the last quarter. 82.79% of the stock is owned by institutional investors.

About S&P Global (NYSE:SPGI)

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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