Cantillon Capital Management LLC Reduces Stock Position in S&P Global Inc. $SPGI

Cantillon Capital Management LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,761,604 shares of the business services provider’s stock after selling 51,160 shares during the quarter. S&P Global makes up 5.4% of Cantillon Capital Management LLC’s holdings, making the stock its 2nd largest holding. Cantillon Capital Management LLC’s holdings in S&P Global were worth $928,876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Stegent Equity Advisors Inc. boosted its position in S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after buying an additional 20 shares during the last quarter. Foster Group Inc. raised its stake in S&P Global by 0.9% in the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after buying an additional 20 shares during the last quarter. Quent Capital LLC raised its stake in S&P Global by 1.9% in the second quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock valued at $571,000 after buying an additional 20 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its stake in S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after buying an additional 21 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.3%

Shares of NYSE:SPGI opened at $483.85 on Wednesday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a market cap of $147.72 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 2.52 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $518.66 and a 200-day moving average price of $513.40.

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

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup increased their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. BMO Capital Markets decreased their price target on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research note on Thursday, October 16th. JPMorgan Chase & Co. increased their price target on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. UBS Group increased their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley increased their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Buy” and a consensus price target of $614.23.

S&P Global Profile

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.