Candriam Luxembourg S.C.A. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 23.6% during the second quarter, Holdings Channel reports. The firm owned 22,432 shares of the business services provider’s stock after selling 6,912 shares during the period. Candriam Luxembourg S.C.A.’s holdings in S&P Global were worth $3,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of S&P Global by 1,866.9% in the first quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock valued at $2,020,285,000 after buying an additional 14,667,076 shares during the period. Marshall Wace North America L.P. bought a new position in shares of S&P Global during the first quarter valued at about $170,025,000. Swedbank bought a new position in shares of S&P Global during the first quarter valued at about $101,025,000. Vanguard Group Inc. increased its position in shares of S&P Global by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,395,347 shares of the business services provider’s stock valued at $2,535,747,000 after buying an additional 740,631 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in shares of S&P Global during the first quarter valued at about $87,138,000. Institutional investors and hedge funds own 85.62% of the company’s stock.

Shares of S&P Global Inc. (SPGI) opened at 148.28 on Wednesday. The company has a market capitalization of $38.11 billion, a PE ratio of 17.28 and a beta of 1.52. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $158.35. The stock has a 50 day moving average price of $149.67 and a 200-day moving average price of $136.21.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 earnings per share. Equities research analysts expect that S&P Global Inc. will post $6.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, August 24th. S&P Global’s dividend payout ratio is currently 19.16%.

WARNING: This piece of content was reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/09/candriam-luxembourg-s-c-a-lowers-stake-in-sp-global-inc-spgi.html.

SPGI has been the topic of several research reports. Raymond James Financial, Inc. upgraded shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Monday, April 17th. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Tuesday, April 11th. Cantor Fitzgerald reissued an “overweight” rating and set a $153.00 price objective (up from $139.00) on shares of S&P Global in a report on Wednesday, April 26th. Barclays PLC boosted their price objective on S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. Finally, Argus reissued a “buy” rating and set a $158.00 price objective (up from $150.00) on shares of S&P Global in a report on Monday, May 29th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. S&P Global currently has an average rating of “Buy” and a consensus price target of $153.82.

In related news, Director Marco Alvera acquired 400 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average cost of $140.09 per share, with a total value of $56,036.00. Following the completion of the purchase, the director now directly owns 400 shares in the company, valued at $56,036. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

About S&P Global

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI).

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

Receive News & Ratings for S&P Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.