Cumberland Partners Ltd Has $49.02 Million Stake in S&P Global Inc. (NYSE:SPGI)

Cumberland Partners Ltd increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,423 shares of the business services provider’s stock after acquiring an additional 263 shares during the quarter. S&P Global makes up 3.4% of Cumberland Partners Ltd’s investment portfolio, making the stock its 7th largest position. Cumberland Partners Ltd’s holdings in S&P Global were worth $49,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Headinvest LLC boosted its holdings in S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the last quarter. EWA LLC boosted its stake in shares of S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after buying an additional 20 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of S&P Global by 1.3% in the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after buying an additional 20 shares during the last quarter. Fullcircle Wealth LLC grew its holdings in shares of S&P Global by 1.2% in the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock worth $872,000 after acquiring an additional 21 shares during the period. Finally, Symphony Financial Ltd. Co. increased its position in S&P Global by 3.2% during the third quarter. Symphony Financial Ltd. Co. now owns 705 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 22 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPGI. BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. dropped 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 note on Friday, October 25th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, 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. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Stock Down 0.2 %

NYSE SPGI opened at $542.61 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The stock’s 50 day moving average is $509.06 and its 200 day moving average is $508.41. The stock has a market cap of $167.02 billion, a PE ratio of 43.94, a P/E/G ratio of 2.42 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the business earned $3.13 earnings per share. Research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.71%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is 31.09%.

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.