S&P Global Inc. (NYSE:SPGI) Shares Purchased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 13.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,860 shares of the business services provider’s stock after purchasing an additional 458 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in S&P Global were worth $1,994,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. HWG Holdings LP purchased a new position in S&P Global during the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the 3rd quarter worth about $27,000. Sachetta LLC boosted its holdings in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services acquired a new position in shares of S&P Global in the 3rd quarter valued at $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of S&P Global during the second quarter worth about $31,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI opened at $507.34 on Tuesday. The stock has a 50-day moving average of $511.07 and a 200-day moving average of $476.41. S&P Global Inc. has a 52-week low of $392.69 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $157.43 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.21 earnings per share. As a group, equities research analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s payout ratio is 32.13%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SPGI shares. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Bank of America raised their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Stifel Nicolaus boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada boosted their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.