Cullen Investment Group LTD. Purchases 65 Shares of S&P Global Inc. (NYSE:SPGI)

Cullen Investment Group LTD. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,807 shares of the business services provider’s stock after acquiring an additional 65 shares during the quarter. Cullen Investment Group LTD.’s holdings in S&P Global were worth $1,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the third quarter worth $27,000. First Personal Financial Services acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the 3rd quarter valued at $31,000. HWG Holdings LP purchased a new position in S&P Global during the second quarter worth about $27,000. Finally, Voisard Asset Management Group Inc. boosted its stake in S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.1 %

Shares of NYSE:SPGI opened at $482.16 on Tuesday. The company has a 50-day moving average price of $504.58 and a 200 day moving average price of $500.12. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $149.61 billion, a price-to-earnings ratio of 42.56, a PEG ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the firm earned $3.21 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday. Oppenheimer dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets lowered their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley lifted their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $583.62.

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.