Dimensional Fund Advisors LP Purchases 53,188 Shares of S&P Global Inc. (NYSE:SPGI)

Dimensional Fund Advisors LP increased its position in S&P Global Inc. (NYSE:SPGI) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 785,803 shares of the business services provider’s stock after purchasing an additional 53,188 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.25% of S&P Global worth $350,483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SPGI. Pineridge Advisors LLC bought a new position in S&P Global in the 4th quarter valued at about $26,000. Sachetta LLC raised its holdings in S&P Global by 103.4% in the 2nd 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 in the 2nd quarter valued at about $31,000. First Pacific Financial raised its holdings in S&P Global by 49.0% in the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 24 shares during the period. Finally, Frazier Financial Advisors LLC bought a new position in S&P Global in the 4th quarter valued at about $36,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPGI. Bank of America increased their price target on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Barclays increased their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley increased their target price on shares of S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. UBS Group increased their target price on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada increased 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 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. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $548.18.

Insider Buying and Selling at S&P Global

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock worth $8,645,727 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $527.40 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $165.02 billion, a price-to-earnings ratio of 59.13, a P/E/G ratio of 2.68 and a beta of 1.17. The firm’s 50 day simple moving average is $494.92 and its 200 day simple moving average is $452.62. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $528.02.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the business posted $3.12 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, research analysts expect that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th were given a $0.91 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.69%. S&P Global’s dividend payout ratio is currently 40.81%.

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.