S&P Global Inc. $SPGI Shares Purchased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 7.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,932 shares of the business services provider’s stock after acquiring an additional 1,561 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in S&P Global were worth $11,161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nicholson Wealth Management Group LLC boosted its position in S&P Global by 6.1% during the 3rd quarter. Nicholson Wealth Management Group LLC now owns 3,422 shares of the business services provider’s stock worth $1,666,000 after purchasing an additional 197 shares during the period. AGF Management Ltd. raised its holdings in S&P Global by 0.7% during the third quarter. AGF Management Ltd. now owns 31,829 shares of the business services provider’s stock worth $15,491,000 after purchasing an additional 228 shares in the last quarter. State of Wyoming lifted its holdings in shares of S&P Global by 50.8% in the third quarter. State of Wyoming now owns 362 shares of the business services provider’s stock valued at $176,000 after buying an additional 122 shares during the period. United Community Bank boosted its position in shares of S&P Global by 7.5% during the 3rd quarter. United Community Bank now owns 1,063 shares of the business services provider’s stock valued at $517,000 after purchasing an additional 74 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of S&P Global by 17.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock worth $32,541,000 after acquiring an additional 10,044 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.3%

Shares of NYSE:SPGI opened at $527.23 on Monday. The company has a 50 day moving average price of $518.60 and a two-hundred day moving average price of $517.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $159.65 billion, a PE ratio of 38.34, a PEG ratio of 2.24 and a beta of 1.20. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.47. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the company earned $3.89 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.97 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.7%. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SPGI shares. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. The Goldman Sachs Group reissued a “buy” rating and set a $640.00 price objective on shares of S&P Global in a report on Tuesday, December 16th. Mizuho raised their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, JPMorgan Chase & Co. cut their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $615.64.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.