S&P Global Inc. (NYSE:SPGI) Stake Boosted by Cumberland Partners Ltd

Cumberland Partners Ltd grew its position in S&P Global Inc. (NYSE:SPGI) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,875 shares of the business services provider’s stock after purchasing an additional 1,633 shares during the quarter. S&P Global comprises approximately 3.6% of Cumberland Partners Ltd’s investment portfolio, making the stock its 4th biggest holding. Cumberland Partners Ltd’s holdings in S&P Global were worth $42,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of S&P Global during the third quarter worth $25,000. Valued Wealth Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $28,000. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of S&P Global by 64.1% during the fourth 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 during the period. Fortis Group Advisors LLC acquired a new stake in shares of S&P Global during the third quarter worth $33,000. Finally, LFA Lugano Financial Advisors SA lifted its stake in shares of S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after buying an additional 50 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

NYSE SPGI traded down $3.68 during trading hours on Tuesday, hitting $413.25. 2,355,958 shares of the company’s stock traded hands, compared to its average volume of 1,317,412. S&P Global Inc. has a 52-week low of $338.92 and a 52-week high of $461.16. The company has a market capitalization of $132.35 billion, a PE ratio of 50.21, a PEG ratio of 2.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s 50-day moving average is $424.29 and its 200-day moving average is $417.10.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.54 earnings per share. Equities analysts forecast that S&P Global Inc. will post 14.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SPGI. BMO Capital Markets boosted their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Stifel Nicolaus decreased their target price on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Raymond James upped their price objective on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $462.00.

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.