S&P Global Inc. (NYSE: SPGI) stock jumped 2.65% on Friday to $377.90 against a previous-day closing price of $368.16. With 1.97 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.56 million shares. During the session, the Financial Data & Stock Exchanges company that operates in wider Financial sector, reached to the highest price of $378.74 whereas the lowest price it dropped to was $366.29. The 52-week range on SPGI shows that it touched its highest point at $484.21 and its lowest point at $311.87 during that stretch. It currently has a 1-year price target of $410.06. With its current market cap of 122.99 billion, SPGI has annualized dividend of $3.40 while the current yield stands at 0.90%. Beta for the stock currently stands at 1.04.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPGI was up-trending over the past week, with a rise of 0.88%, but this was up by 8.27% over a month. Three-month performance surged to 3.73% while six-month performance fell -10.47%. The stock lost -14.02% in the past year, while it has lost -19.92% so far this year. A look at the trailing 12-month EPS for SPGI yields 13.86 with Next year EPS estimates of 14.66. For the next quarter, that number is 2.94. This implies an EPS growth rate of 29.40% for this year and 19.81% for next year. EPS is expected to grow by 10.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.50%.
Float and Shares Shorts:
At present, 275.20 million SPGI shares are outstanding with a float of 240.71 million shares on hand for trading. On Jul 14, 2022, short shares totaled 7.58 million, which was 2.23% higher than short shares on Jun 14, 2022. In addition to Mr. Douglas L. Peterson M.B.A. as the firm’s Pres, CEO & Exec. Director, Mr. Saugata Saha serves as its Pres of S&P Global Commodity Insights.
Through their ownership of 93.75% of SPGI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.06% of SPGI, in contrast to 42.22% held by mutual funds. Shares owned by individuals account for 0.20%. As the largest shareholder in SPGI with 8.06% of the stake, The Vanguard Group, Inc. holds 27,965,239 shares worth 27,965,239. A second-largest stockholder of SPGI, SSgA Funds Management, Inc., holds 16,352,445 shares, controlling over 4.71% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SPGI, holding 15,543,953 shares or 4.48% stake. With a 2.89% stake in SPGI, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 10,021,093 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.21% of SPGI stock, is the second-largest Mutual Fund holder. It holds 7,681,151 shares valued at 2.59 billion. SPDR S&P 500 ETF Trust holds 1.08% of the stake in SPGI, owning 3,749,021 shares worth 1.26 billion.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPGI since 21 analysts follow the stock currently. There are 15 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SPGI analysts setting a high price target of $455.00 and a low target of $375.00, the average target price over the next 12 months is $407.94. Based on these targets, SPGI could surge 20.4% to reach the target high and fall by -0.77% to reach the target low. Reaching the average price target will result in a growth of 7.95% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SPGI will report FY 2022 earnings on 02/07/2023. Analysts have provided yearly estimates in a range of $13.20 being high and $11.35 being low. For SPGI, this leads to a yearly average estimate of $11.75. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. S&P Global Inc. surprised analysts by -$0.13 when it reported $2.81 EPS against a consensus estimate of $2.94. The surprise factor in the prior quarter was -$0.11. Based on analyst estimates, the high estimate for the next quarter is $3.20 and the low estimate is $2.76. The average estimate for the next quarter is thus $2.91.
Summary of Insider Activity:
Insiders traded SPGI stock several times over the past three months with 3 Buys and 4 Sells. In these transactions, 3,544 shares were bought while 5,478 shares were sold. The number of buy transactions has increased to 53 while that of sell transactions has risen to 52 over the past year. The total number of shares bought during that period was 181,755 while 86,142 shares were sold.