Cantillon Capital Management LLC Has $848.05 Million Stock Holdings in S&P Global Inc. $SPGI

Cantillon Capital Management LLC lessened its stake in S&P Global Inc. (NYSE:SPGI) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,742,415 shares of the business services provider’s stock after selling 19,189 shares during the period. S&P Global makes up about 4.7% of Cantillon Capital Management LLC’s holdings, making the stock its 4th biggest holding. Cantillon Capital Management LLC’s holdings in S&P Global were worth $848,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SPGI. Avantax Advisory Services Inc. lifted its holdings in shares of S&P Global by 4.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after acquiring an additional 850 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of S&P Global by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after purchasing an additional 315,916 shares during the last quarter. Asset Management One Co. Ltd. raised its position in S&P Global by 4.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock worth $83,510,000 after purchasing an additional 7,179 shares during the period. Ninety One UK Ltd lifted its stake in S&P Global by 0.8% in the second quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock worth $489,620,000 after purchasing an additional 7,553 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in S&P Global by 4.3% during the third quarter. D.A. Davidson & CO. now owns 174,517 shares of the business services provider’s stock valued at $84,940,000 after buying an additional 7,258 shares during the period. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Stifel Nicolaus reduced their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Morgan Stanley increased their price objective on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Finally, Seaport Research Partners raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $615.64.

S&P Global Price Performance

Shares of S&P Global stock opened at $539.61 on Friday. The business has a 50 day moving average of $513.97 and a 200 day moving average of $517.36. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a market cap of $163.39 billion, a PE ratio of 39.24, a P/E/G ratio of 2.26 and a beta of 1.21. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm earned $3.89 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is 27.93%.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.