Cantillon Capital Management LLC Sells 55,405 Shares of S&P Global Inc. (NYSE:SPGI)

Cantillon Capital Management LLC cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,858,934 shares of the business services provider's stock after selling 55,405 shares during the period. S&P Global comprises approximately 5.9% of Cantillon Capital Management LLC's portfolio, making the stock its 2nd largest position. Cantillon Capital Management LLC owned about 0.60% of S&P Global worth $960,362,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First National Corp MA ADV lifted its stake in shares of S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider's stock valued at $1,211,000 after buying an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its stake in shares of S&P Global by 25.0% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider's stock valued at $51,000 after buying an additional 20 shares in the last quarter. Trust Point Inc. lifted its stake in shares of S&P Global by 1.4% during the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider's stock valued at $725,000 after buying an additional 20 shares in the last quarter. Sapient Capital LLC lifted its stake in S&P Global by 2.5% in the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider's stock worth $385,000 after purchasing an additional 21 shares in the last quarter. Finally, Chatham Capital Group Inc. lifted its stake in S&P Global by 0.5% in the 2nd quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider's stock worth $2,007,000 after purchasing an additional 21 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.1 %

NYSE:SPGI traded down $0.69 during mid-day trading on Tuesday, hitting $502.31. 1,224,032 shares of the stock traded hands, compared to its average volume of 1,210,792. The stock has a market capitalization of $155.87 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 52 week low of $407.53 and a 52 week high of $533.29. The firm's 50 day moving average is $509.86 and its two-hundred day moving average is $480.77. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS 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 company had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. During the same quarter in the prior year, the company posted $3.21 earnings per share. S&P Global's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend 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 32.13%.

Wall Street Analysts Forecast Growth

Several analysts have commented on SPGI shares. Raymond James cut shares of S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Morgan Stanley boosted their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Evercore ISI started coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Finally, Barclays boosted their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $571.31.

S&P Global Company 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.