S&P Global Inc. (NYSE:SPGI) Stock Position Trimmed by Cantillon Capital Management LLC

Cantillon Capital Management LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,858,934 shares of the business services provider’s stock after selling 55,405 shares during the quarter. S&P Global makes up 5.9% of Cantillon Capital Management LLC’s holdings, making the stock its 2nd largest position. Cantillon Capital Management LLC’s holdings in S&P Global were worth $960,362,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SPGI. Swedbank AB purchased a new stake in shares of S&P Global in the first quarter valued at approximately $351,774,000. International Assets Investment Management LLC grew its holdings in S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after buying an additional 466,757 shares in the last quarter. Assenagon Asset Management S.A. increased its position in S&P Global by 352.2% during the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after purchasing an additional 360,909 shares during the last quarter. Third Point LLC purchased a new position in S&P Global during the first quarter worth about $142,526,000. Finally, Ameriprise Financial Inc. boosted its holdings in S&P Global by 13.5% in the 2nd 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. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of a number of research analyst reports. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. BMO Capital Markets dropped their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Oppenheimer boosted their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Stifel Nicolaus lifted their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Price Performance

Shares of NYSE SPGI opened at $503.00 on Tuesday. S&P Global Inc. has a one year low of $407.53 and a one year high of $533.29. The firm has a market capitalization of $156.08 billion, a P/E ratio of 44.40, a PEG ratio of 2.57 and a beta of 1.18. The company’s fifty day moving average is $510.21 and its two-hundred day moving average is $480.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the firm posted $3.21 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Announces Dividend

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

About S&P Global

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.