Index Fund Advisors Inc. Acquires Shares of 647 S&P Global Inc. $SPGI

Index Fund Advisors Inc. bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 647 shares of the business services provider's stock, valued at approximately $341,000.

Other hedge funds have also modified their holdings of the company. Costello Asset Management INC purchased a new stake in S&P Global during the 1st quarter valued at about $26,000. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global in the second quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global during the first quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after buying an additional 31 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Seaport Res Ptn raised S&P Global to a "strong-buy" rating in a research note on Wednesday, October 1st. BMO Capital Markets raised their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Morgan Stanley boosted their target price on shares of S&P Global from $615.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday. Oppenheimer increased their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, UBS Group lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $614.85.

S&P Global Price Performance

Shares of SPGI opened at $486.39 on Monday. The firm has a 50-day simple moving average of $529.93 and a two-hundred day simple moving average of $514.33. The stock has a market cap of $148.49 billion, a PE ratio of 37.41, a P/E/G ratio of 2.58 and a beta of 1.19. 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 - Get Free Report) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion for the quarter. As a group, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global's payout ratio is presently 29.54%.

S&P Global Company 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.

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