S&P Global Inc. (NYSE:SPGI) is Cullinan Associates Inc.’s 6th Largest Position

Cullinan Associates Inc. lessened its stake in S&P Global Inc. (NYSE:SPGI) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,945 shares of the business services provider’s stock after selling 1,795 shares during the period. S&P Global comprises approximately 4.0% of Cullinan Associates Inc.’s investment portfolio, making the stock its 6th largest holding. Cullinan Associates Inc.’s holdings in S&P Global were worth $62,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPGI. Wellington Management Group LLP boosted its stake in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after acquiring an additional 292,436 shares during the last quarter. Geode Capital Management LLC boosted its stake in S&P Global by 1.8% during the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after buying an additional 113,146 shares during the last quarter. FMR LLC grew its holdings in S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in S&P Global by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after buying an additional 28,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of S&P Global by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock worth $1,000,536,000 after acquiring an additional 26,300 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.6 %

Shares of SPGI stock opened at $518.53 on Tuesday. The stock has a market capitalization of $160.90 billion, a P/E ratio of 45.77, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. 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 company has a 50 day moving average price of $506.40 and a 200 day moving average price of $504.70.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent research reports. BMO Capital Markets boosted their price target on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. UBS Group increased their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley lifted their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $584.54.

About S&P Global

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.