First National Corp MA ADV Purchases 20 Shares of S&P Global Inc. (NYSE:SPGI)

First National Corp MA ADV lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,344 shares of the business services provider’s stock after purchasing an additional 20 shares during the period. First National Corp MA ADV’s holdings in S&P Global were worth $1,211,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SPGI. Pineridge Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $26,000. HWG Holdings LP bought a new position in shares of S&P Global during the 2nd quarter worth about $27,000. Sachetta LLC increased its stake 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 acquiring an additional 30 shares during the period. Hobbs Group Advisors LLC bought a new position in S&P Global during the second quarter worth about $31,000. Finally, First Pacific Financial boosted its holdings in S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.5 %

SPGI stock traded up $2.35 during midday trading on Wednesday, reaching $520.70. The company’s stock had a trading volume of 107,271 shares, compared to its average volume of 1,201,436. The business’s 50-day simple moving average is $505.80 and its 200-day simple moving average is $462.87. The stock has a market cap of $162.93 billion, a PE ratio of 58.11, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $528.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.12 earnings per share. As a group, sell-side analysts expect that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared 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 0.70%. S&P Global’s dividend payout ratio is 40.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SPGI shares. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Wells Fargo & Company upgraded shares of S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Evercore ISI began coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada upped their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $557.08.

Insider Activity

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at approximately $74,915,443.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock valued at $8,645,727 in the last quarter. Company insiders own 0.10% of the company’s stock.

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.