S&P Global Inc. (NYSE:SPGI) Shares Acquired by Cullinan Associates Inc.

Cullinan Associates Inc. increased its stake in S&P Global Inc. (NYSE:SPGI) by 0.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,740 shares of the business services provider’s stock after acquiring an additional 140 shares during the period. S&P Global makes up about 3.7% of Cullinan Associates Inc.’s holdings, making the stock its 6th largest holding. Cullinan Associates Inc.’s holdings in S&P Global were worth $66,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HWG Holdings LP lifted its holdings in S&P Global by 2,352.5% during the 3rd quarter. HWG Holdings LP now owns 1,496 shares of the business services provider’s stock worth $773,000 after buying an additional 1,435 shares during the last quarter. Blackston Financial Advisory Group LLC raised its position in shares of S&P Global by 58.8% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 856 shares of the business services provider’s stock worth $442,000 after acquiring an additional 317 shares in the last quarter. Ballentine Partners LLC lifted its stake in S&P Global by 6.9% during the third quarter. Ballentine Partners LLC now owns 6,730 shares of the business services provider’s stock worth $3,477,000 after purchasing an additional 437 shares during the last quarter. Busey Bank lifted its stake in S&P Global by 20.7% during the third quarter. Busey Bank now owns 735 shares of the business services provider’s stock worth $380,000 after purchasing an additional 126 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC acquired a new position in S&P Global in the third quarter valued at approximately $213,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI traded up $2.87 on Friday, hitting $496.08. 77,659 shares of the company were exchanged, compared to its average volume of 1,194,143. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $155.27 billion, a P/E ratio of 46.74, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. The business’s fifty day moving average is $513.82 and its 200 day moving average is $470.01.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $3.21 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.79 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.73%. S&P Global’s payout ratio is 34.50%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of S&P Global from $537.00 to $589.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Morgan Stanley boosted their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Oppenheimer boosted their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Bank of America raised their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $565.92.

Insider Transactions at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the sale, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

S&P Global 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.