Acadian Asset Management LLC Raises Stock Position in S&P Global Inc. $SPGI

Acadian Asset Management LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 37.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,253 shares of the business services provider’s stock after purchasing an additional 4,995 shares during the quarter. Acadian Asset Management LLC’s holdings in S&P Global were worth $9,622,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Costello Asset Management INC purchased a new stake in S&P Global in the first quarter worth about $26,000. Cheviot Value Management LLC bought a new position in shares of S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global in the 2nd quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares during the period. Finally, eCIO Inc. bought a new stake in shares of S&P Global during the first quarter valued at approximately $32,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SPGI. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Mizuho lifted 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 report on Thursday, October 16th. Evercore ISI boosted their price objective on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Wells Fargo & Company raised their target price 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, Citigroup lifted their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $612.38.

S&P Global Stock Down 0.4%

SPGI stock opened at $495.67 on Thursday. The stock has a market capitalization of $150.09 billion, a P/E ratio of 38.13, a P/E/G ratio of 2.50 and a beta of 1.17. 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 Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The business has a fifty day moving average price of $499.22 and a 200-day moving average price of $516.89.

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

S&P Global Announces Dividend

The business also recently declared 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 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 currently 27.93%.

About S&P Global

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.