Nations Financial Group Inc. IA ADV Has $1.99 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Nations Financial Group Inc. IA ADV increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 13.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,860 shares of the business services provider’s stock after buying an additional 458 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in S&P Global were worth $1,994,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after acquiring an additional 2,962 shares during the period. Quadrature Capital Ltd acquired a new stake in S&P Global during the 1st quarter valued at approximately $2,236,000. O Shaughnessy Asset Management LLC increased its position in shares of S&P Global by 21.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after buying an additional 6,162 shares during the period. Nwam LLC raised its position in shares of S&P Global by 45.5% in the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock worth $446,000 after acquiring an additional 326 shares in the last quarter. Finally, Banco Santander S.A. increased its holdings in S&P Global by 38.9% in the first quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock worth $6,252,000 after purchasing an additional 4,114 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.9 %

NYSE:SPGI opened at $507.34 on Tuesday. The firm has a market capitalization of $157.43 billion, a price-to-earnings ratio of 44.78, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day moving average price of $511.07 and a 200-day moving average price of $476.41. S&P Global Inc. has a one year low of $392.69 and a one year high of $533.29.

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

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Evercore ISI assumed coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Royal Bank of Canada raised their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus raised their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Barclays lifted their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Oppenheimer upped their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $571.31.

About S&P Global

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.