Cantillon Capital Management LLC Sells 57,332 Shares of S&P Global Inc (NYSE:SPGI)

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Cantillon Capital Management LLC lowered its position in S&P Global Inc (NYSE:SPGI) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,829,604 shares of the business services provider’s stock after selling 57,332 shares during the period. S&P Global makes up about 6.5% of Cantillon Capital Management LLC’s investment portfolio, making the stock its biggest position. Cantillon Capital Management LLC owned approximately 1.15% of S&P Global worth $644,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Greenleaf Trust grew its holdings in S&P Global by 3.9% during the 2nd quarter. Greenleaf Trust now owns 2,823 shares of the business services provider’s stock valued at $643,000 after buying an additional 106 shares during the last quarter. CAPROCK Group Inc. grew its holdings in S&P Global by 17.1% during the 1st quarter. CAPROCK Group Inc. now owns 1,620 shares of the business services provider’s stock valued at $341,000 after buying an additional 236 shares during the last quarter. Bbva Compass Bancshares Inc. grew its holdings in S&P Global by 3.4% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 4,903 shares of the business services provider’s stock valued at $1,032,000 after buying an additional 163 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in S&P Global by 11.1% during the 1st quarter. Quadrant Capital Group LLC now owns 1,611 shares of the business services provider’s stock valued at $327,000 after buying an additional 161 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in S&P Global by 24.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 305 shares of the business services provider’s stock valued at $69,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Shares of SPGI opened at $245.82 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 7.52. The stock has a market cap of $62.52 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 2.76 and a beta of 1.08. The business has a fifty day moving average price of $238.10. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $262.83.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.15. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.65 billion. S&P Global had a return on equity of 341.54% and a net margin of 31.02%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $2.17 EPS. On average, equities research analysts forecast that S&P Global Inc will post 9.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $211.01, for a total value of $1,266,060.00. Following the transaction, the chief executive officer now directly owns 173,431 shares of the company’s stock, valued at $36,595,675.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total value of $232,053.08. Following the completion of the transaction, the chief executive officer now directly owns 18,723 shares in the company, valued at $4,314,528.12. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

A number of equities research analysts have commented on SPGI shares. Cantor Fitzgerald increased their target price on S&P Global from $244.00 to $294.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their target price on S&P Global from $231.00 to $274.00 and gave the company a “hold” rating in a report on Friday, August 2nd. BMO Capital Markets increased their price target on S&P Global to $255.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. UBS Group increased their price target on S&P Global from $252.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Argus increased their price target on S&P Global to $290.00 and gave the stock a “buy” rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $252.23.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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