S&P Global Inc. (NYSE:SPGI) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lessened its stake in S&P Global Inc. (NYSE:SPGI) by 19.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,736 shares of the business services provider’s stock after selling 1,656 shares during the period. Atlantic Union Bankshares Corp’s holdings in S&P Global were worth $3,355,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SPGI. First Personal Financial Services acquired a new stake in S&P Global in the 3rd quarter valued at approximately $29,000. Human Investing LLC acquired a new stake in S&P Global in the 4th quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new stake in S&P Global in the 3rd quarter valued at approximately $31,000. Noble Wealth Management PBC acquired a new stake in S&P Global in the 4th quarter valued at approximately $31,000. Finally, Dunhill Financial LLC increased its holdings in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research reports. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. UBS Group raised their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Morgan Stanley raised their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Price Performance

S&P Global stock opened at $497.35 on Friday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The stock has a market cap of $153.08 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $515.06 and a 200-day simple moving average of $511.49.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the previous year, the firm earned $3.13 earnings per share. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. S&P Global’s payout ratio is 31.09%.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.