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S&P Global Inc (SPGI) Looks Ready for Growth Despite -3.42% Change This Year

S&P Global Inc (NYSE: SPGI) is -3.42% lower on its value in year-to-date trading and has touched a low of $329.46 and a high of $461.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPGI stock was last observed hovering at around $422.81 in the last trading session, with the day’s gains setting it 2.64%.

Currently trading at $425.45, the stock is 0.15% and -1.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing 0.62% at the moment leaves the stock 4.87% off its SMA200. SPGI registered 27.33% gain for a year compared to 6-month gain of 17.18%. The firm has a 50-day simple moving average (SMA 50) of $11.76 and a 200-day simple moving average (SMA200) of $28.54.

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The stock witnessed a -0.92% loss in the last 1 month and extending the period to 3 months gives it a -3.31%, and is -0.72% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.52% over the week and 1.25% over the month.

S&P Global Inc (SPGI) has around 40450 employees, a market worth around $133.63B and $12.50B in sales. Current P/E ratio is 51.68 and Fwd P/E is 26.70. Profit margin for the company is 21.02%. Distance from 52-week low is 29.14% and -7.74% from its 52-week high. The company has generated returns on investments over the last 12 months (5.69%).

S&P Global Inc quarterly earnings per share for the current quarter are estimated at $3.51 with sales reaching $3.33B over the same period.The EPS is expected to grow by 11.08% this year, but quarterly earnings will post 6.90% year-over-year. Quarterly sales are estimated to grow 5.50% in year-over-year returns.

S&P Global Inc (SPGI) Top Institutional Holders

2,452 institutions hold shares in S&P Global Inc (SPGI), with institutional investors hold 89.21% of the company’s shares. The shares outstanding are 322.00M, and float is at 313.70M with Short Float at 0.77%. Institutions hold 89.04% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 28.51 million shares valued at $11.43 billion. The investor’s holdings represent 8.96% of the SPGI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 24.81 million shares valued at $9.95 billion to account for 7.80% of the shares outstanding. The other top investors are State Street Corporation which holds 14.43 million shares representing 4.54% and valued at over $5.79 billion, while JP Morgan Chase & Company holds 3.26% of the shares totaling 10.39 million with a market value of $4.16 billion.

S&P Global Inc (SPGI) Insider Activity

The most recent transaction is an insider sale by Peterson Douglas L.,the company’sCEO & President. SEC filings show that Peterson Douglas L. sold 6,000 shares of the company’s common stock on Feb 15 ’24 at a price of $424.74 per share for a total of $2.55 million. Following the sale, the insider now owns 0.16 million shares.

S&P Global Inc disclosed in a document filed with the SEC on Nov 15 ’23 that Peterson Douglas L. (CEO & President) sold a total of 6,000 shares of the company’s common stock. The trade occurred on Nov 15 ’23 and was made at $405.28 per share for $2.43 million. Following the transaction, the insider now directly holds 0.16 million shares of the SPGI stock.

Still, SEC filings show that on Sep 05 ’23, Steenbergen Ewout L (EVP & Chief Financial Officer) disposed off 23,502 shares at an average price of $400.00 for $9.4 million. The insider now directly holds 3,552 shares of S&P Global Inc (SPGI).

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