Loomis Sayles & Co. L P Sells 54,556 Shares of S&P Global Inc. (NYSE:SPGI)

Loomis Sayles & Co. L P decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 970,508 shares of the business services provider’s stock after selling 54,556 shares during the period. Loomis Sayles & Co. L P’s holdings in S&P Global were worth $501,384,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First National Corp MA ADV raised its position in S&P Global by 0.9% in the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after purchasing an additional 20 shares during the period. Kathleen S. Wright Associates Inc. boosted its position 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 worth $51,000 after purchasing an additional 20 shares during the period. Trust Point Inc. increased its holdings in S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after purchasing an additional 20 shares during the last quarter. Sapient Capital LLC raised its position in S&P Global by 2.5% in the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 21 shares during the period. Finally, Chatham Capital Group Inc. lifted its stake in S&P Global by 0.5% during the second 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. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. Morgan Stanley lifted their price objective on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Stifel Nicolaus boosted 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 note on Monday, October 28th. Evercore ISI initiated 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 objective for the company. Royal Bank of Canada upped their target price 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, Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Trading Up 0.6 %

NYSE:SPGI opened at $514.46 on Monday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The stock has a market cap of $159.64 billion, a P/E ratio of 45.41, a P/E/G ratio of 2.63 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50-day simple moving average of $509.35 and a 200-day simple moving average of $482.51.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates 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 revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.21 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. 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 0.71%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

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.