Atlantic Union Bankshares Corp Has $11.27 Million Holdings in S&P Global Inc. $SPGI

Atlantic Union Bankshares Corp lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 223.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,371 shares of the business services provider’s stock after acquiring an additional 14,768 shares during the period. Atlantic Union Bankshares Corp’s holdings in S&P Global were worth $11,269,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SPGI. Divergent Planning LLC bought a new stake in S&P Global during the second quarter worth about $303,000. Dynamic Advisor Solutions LLC lifted its position in S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after purchasing an additional 733 shares during the period. SCS Capital Management LLC bought a new stake in S&P Global during the first quarter worth about $240,000. Foster Victor Wealth Advisors LLC lifted its position in S&P Global by 4.6% during the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after purchasing an additional 1,383 shares during the period. Finally, Northside Capital Management LLC bought a new stake in S&P Global during the second quarter worth about $975,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 0.4%

Shares of NYSE SPGI opened at $497.28 on Thursday. The company has a 50 day simple moving average of $504.25 and a 200 day simple moving average of $516.03. The firm has a market cap of $150.58 billion, a PE ratio of 38.25, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 27.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Morgan Stanley raised their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company raised their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Mizuho raised their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $612.38.

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.