Vantage Investment Partners LLC Has $7.14 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Vantage Investment Partners LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,814 shares of the business services provider’s stock after selling 923 shares during the period. Vantage Investment Partners LLC’s holdings in S&P Global were worth $7,137,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital International Investors increased its holdings in S&P Global by 5.3% during the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock worth $2,464,951,000 after buying an additional 291,712 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of S&P Global by 1.0% in the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after purchasing an additional 29,227 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after purchasing an additional 298,645 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of S&P Global by 1.4% in the second quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock valued at $651,682,000 after purchasing an additional 20,624 shares during the last quarter. Finally, Fayez Sarofim & Co increased its holdings in shares of S&P Global by 0.6% in the first quarter. Fayez Sarofim & Co now owns 1,458,141 shares of the business services provider’s stock valued at $620,366,000 after purchasing an additional 8,435 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.9 %

SPGI stock opened at $507.34 on Tuesday. The stock has a market capitalization of $157.43 billion, a P/E ratio of 44.78, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $392.69 and a 12 month high of $533.29. The firm has a 50-day moving average price of $511.07 and a 200-day moving average price of $476.41.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.21 earnings per share. As a group, equities research analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Analyst Ratings Changes

Several equities analysts have commented on SPGI shares. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Royal Bank of Canada upped their price objective on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Morgan Stanley upped their price objective on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Barclays upped their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Oppenheimer boosted their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $571.31.

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.