Vantage Investment Partners LLC Sells 923 Shares of S&P Global Inc. (NYSE:SPGI)

Vantage Investment Partners LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.3% in the third quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services acquired a new stake in S&P Global in the 3rd quarter valued at about $29,000. Sachetta LLC increased its position in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in S&P Global in the 3rd quarter valued at about $31,000. Finally, HWG Holdings LP acquired a new stake in S&P Global in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $507.34 on Tuesday. 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 Inc. has a twelve month low of $392.69 and a twelve month high of $533.29. The firm’s 50 day moving average price is $511.07 and its two-hundred day moving average price is $476.41. The firm has a market cap of $157.43 billion, a P/E ratio of 44.78, a PEG ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the firm posted $3.21 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. On average, analysts forecast that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have weighed in on SPGI shares. UBS Group raised their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price objective 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. 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 report on Monday, October 28th. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Oppenheimer lifted their price target on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average price target of $571.31.

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.