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

Key Points

• Nations Financial Group Inc. IA ADV has reduced its stake in S&P Global Inc. by 23.0% during the first quarter, now holding 3,021 shares worth approximately $1.54 million.
• S&P Global reported earnings per share (EPS) of $4.43 for the most recent quarter, surpassing analysts' estimates and reflecting a 5.8% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.96, with a dividend yield of 0.7%, which will be paid to investors on September 10th.

Nations Financial Group Inc. IA ADV decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 23.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,021 shares of the business services provider's stock after selling 901 shares during the period. Nations Financial Group Inc. IA ADV's holdings in S&P Global were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after acquiring an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after buying an additional 2,413 shares in the last quarter. GHE LLC grew its position in S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after buying an additional 274 shares during the period. CreativeOne Wealth LLC increased its holdings in S&P Global by 4.7% in the fourth quarter. CreativeOne Wealth LLC now owns 1,476 shares of the business services provider's stock valued at $735,000 after buying an additional 66 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in S&P Global in the fourth quarter valued at $355,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

NYSE:SPGI opened at $556.11 on Friday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $169.78 billion, a P/E ratio of 42.78, a P/E/G ratio of 3.02 and a beta of 1.19. The stock's fifty day moving average is $529.89 and its two-hundred day moving average is $512.57.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.04 EPS. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is currently 29.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Oppenheimer raised their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Morgan Stanley upped their target price on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Barclays lifted their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets boosted their price target on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $611.69.

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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