Cantillon Capital Management LLC Has $960.36 Million Position in S&P Global Inc. (NYSE:SPGI)

Cantillon Capital Management LLC cut its position in S&P Global Inc. (NYSE:SPGI) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,858,934 shares of the business services provider’s stock after selling 55,405 shares during the quarter. S&P Global comprises 5.9% of Cantillon Capital Management LLC’s holdings, making the stock its 2nd biggest position. Cantillon Capital Management LLC owned approximately 0.60% of S&P Global worth $960,362,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. HWG Holdings LP acquired a new position in S&P Global in the 2nd quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the third quarter valued at about $27,000. Sachetta LLC grew its position in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares during the period. First Personal Financial Services bought a new stake in shares of S&P Global in the 3rd quarter valued at about $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of S&P Global in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.1 %

NYSE:SPGI opened at $503.00 on Tuesday. S&P Global Inc. has a 1-year low of $407.53 and a 1-year high of $533.29. The company has a market capitalization of $156.08 billion, a PE ratio of 44.40, a P/E/G ratio of 2.57 and a beta of 1.18. The firm’s 50-day moving average price is $510.21 and its 200-day moving average price is $480.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.21 earnings per share. On average, equities analysts predict that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have commented on SPGI shares. BMO Capital Markets decreased their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. UBS Group boosted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada lifted their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Oppenheimer boosted their price target on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global 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.