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

Atlantic Union Bankshares Corp trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. First Personal Financial Services acquired a new stake in S&P Global during the 3rd quarter worth about $29,000. Human Investing LLC acquired a new stake in S&P Global during the 4th quarter worth about $30,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the 3rd quarter worth about $31,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the 4th quarter worth about $31,000. Finally, Dunhill Financial LLC grew its position in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after purchasing an additional 34 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SPGI. Wells Fargo & Company increased their price target on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. UBS Group increased their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $590.23.

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S&P Global Trading Down 3.3 %

SPGI opened at $497.35 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company's 50 day simple moving average is $515.06 and its two-hundred day simple moving average is $511.49. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The firm has a market capitalization of $153.08 billion, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping 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 last year, the business posted $3.13 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is currently 31.09%.

About S&P Global

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.

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