S&P Global Inc (NYSE: SPGI) is 16.42% higher on its value in year-to-date trading and has touched a low of $407.69 and a high of $533.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SPGI stock was last observed hovering at around $516.27 in the last trading session, with the day’s loss setting it -3.4%.
Currently trading at $512.87, the stock is -0.25% and 0.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -0.66% at the moment leaves the stock 8.99% off its SMA200. SPGI registered 20.16% gain for a year compared to 6-month gain of 17.31%. The firm has a 50-day simple moving average (SMA 50) of $509.2966 and a 200-day simple moving average (SMA200) of $470.1447.
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The stock witnessed a 1.87% loss in the last 1 month and extending the period to 3 months gives it a -1.27%, and is -0.20% 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 1.45% over the week and 1.49% over the month.
S&P Global Inc (SPGI) has around 40450 employees, a market worth around $159.14B and $13.77B in sales. Current P/E ratio is 45.25 and Fwd P/E is 30.31. Profit margin for the company is 25.80%. Distance from 52-week low is 25.80% and -3.83% from its 52-week high. The company has generated returns on investments over the last 12 months (7.74%).
The EPS is expected to grow by 21.24% this year
2656.0 institutions hold shares in S&P Global Inc (SPGI), with institutional investors hold 90.65% of the company’s shares. The shares outstanding are 310.30M, and float is at 309.82M with Short Float at 1.33%. Institutions hold 90.49% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 29.42 million shares valued at $13.12 billion. The investor’s holdings represent 9.38 of the SPGI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 25.77 million shares valued at $11.49 billion to account for 8.2181 of the shares outstanding. The other top investors are STATE STREET CORP which holds 14.08 million shares representing 4.4894 and valued at over $6.28 billion, while TCI FUND MANAGEMENT LTD holds 3.3164 of the shares totaling 10.4 million with a market value of $4.64 billion.
S&P Global Inc (SPGI) Insider Activity
S&P Global Inc disclosed in a document filed with the SEC on Nov 27 ’24 that Saha Saugata (President, Market Intelligence) sold a total of 500 shares of the company’s common stock. The trade occurred on Nov 27 ’24 and was made at $523.00 per share for $0.26 million. Following the transaction, the insider now directly holds 1427.0 shares of the SPGI stock.
Still, SEC filings show that on Nov 20 ’24, Saha Saugata (President, Market Intelligence) disposed off 500 shares at an average price of $503.60 for $0.25 million. The insider now directly holds 1,927 shares of S&P Global Inc (SPGI).
