Profund Advisors LLC Sells 458 Shares of S&P Global Inc. $SPGI

Profund Advisors LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 10.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,938 shares of the business services provider’s stock after selling 458 shares during the quarter. Profund Advisors LLC’s holdings in S&P Global were worth $2,076,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Costello Asset Management INC purchased a new position in S&P Global during the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global during the second quarter worth $26,000. Cheviot Value Management LLC bought a new stake in shares of S&P Global during the first quarter worth $26,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of 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 valued at $31,000 after purchasing an additional 31 shares during the period. Finally, eCIO Inc. purchased a new stake in shares of S&P Global during the first quarter valued at $32,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.6%

Shares of NYSE SPGI opened at $493.43 on Tuesday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The stock’s fifty day simple moving average is $500.94 and its two-hundred day simple moving average is $516.93. The stock has a market capitalization of $149.41 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

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

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup raised their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Evercore ISI raised their target price on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $612.38.

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.