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

Cullinan Associates Inc. lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 127,900 shares of the business services provider’s stock after selling 2,200 shares during the period. S&P Global comprises about 3.1% of Cullinan Associates Inc.’s portfolio, making the stock its 6th largest holding. Cullinan Associates Inc.’s holdings in S&P Global were worth $54,415,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Wealth Management Group LLC purchased a new position in shares of S&P Global in the 4th quarter valued at about $26,000. Pineridge Advisors LLC purchased a new stake in S&P Global during the 4th quarter worth approximately $26,000. Valued Wealth Advisors LLC purchased a new stake in S&P Global during the 4th quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group increased its stake in S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares in the last quarter. Finally, Fortis Group Advisors LLC purchased a new stake in S&P Global during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SPGI shares. Barclays boosted their target price on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer boosted their target price on S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a report on Monday. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Stifel Nicolaus boosted their target price on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, BMO Capital Markets upped their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $468.33.

S&P Global Stock Up 0.5 %

NYSE:SPGI traded up $2.42 during trading hours on Tuesday, hitting $448.74. The company’s stock had a trading volume of 166,399 shares, compared to its average volume of 1,284,190. The stock has a market capitalization of $140.41 billion, a P/E ratio of 50.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16. The stock has a fifty day moving average of $431.45 and a 200-day moving average of $431.72. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, equities analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.81%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.