Loomis Sayles & Co. L P Trims Stock Position in S&P Global Inc. (NYSE:SPGI)

Loomis Sayles & Co. L P cut its position in S&P Global Inc. (NYSE:SPGI) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 970,508 shares of the business services provider’s stock after selling 54,556 shares during the quarter. Loomis Sayles & Co. L P owned about 0.31% of S&P Global worth $501,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of SPGI. Swedbank AB purchased a new position in S&P Global in the first quarter worth $351,774,000. International Assets Investment Management LLC boosted its holdings in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of S&P Global in the 3rd quarter worth about $224,976,000. Assenagon Asset Management S.A. increased its position in shares of S&P Global by 352.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after purchasing an additional 360,909 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on SPGI. Morgan Stanley increased their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, BMO Capital Markets dropped their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Trading Up 0.6 %

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

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business 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 business posted $3.21 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced 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. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 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.