S&P Global Inc. $SPGI Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 679,136 shares of the business services provider’s stock after purchasing an additional 2,440 shares during the period. Loomis Sayles & Co. L P owned approximately 0.22% of S&P Global worth $358,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SPGI. Avantax Advisory Services Inc. lifted its holdings in shares of S&P Global by 4.1% during the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after purchasing an additional 850 shares during the period. Divergent Planning LLC acquired a new stake in S&P Global during the 2nd quarter valued at approximately $303,000. Vanguard Group Inc. boosted its holdings in shares of S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after acquiring an additional 315,916 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after acquiring an additional 733 shares during the period. Finally, SCS Capital Management LLC acquired a new position in S&P Global during the first quarter valued at $240,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $499.15 on Friday. The stock has a market capitalization of $151.14 billion, a P/E ratio of 38.40, a P/E/G ratio of 2.50 and a beta of 1.17. The company’s fifty day moving average price is $488.69 and its 200 day moving average price is $516.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last announced its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

Analyst Ratings Changes

SPGI has been the subject of several analyst reports. Mizuho boosted their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Morgan Stanley upped their price objective on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Wells Fargo & Company lifted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $613.00.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.