S&P Global Inc. $SPGI Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd decreased its stake in S&P Global Inc. (NYSE:SPGI) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 93,240 shares of the business services provider’s stock after selling 3,006 shares during the period. S&P Global accounts for 3.0% of Cumberland Partners Ltd’s portfolio, making the stock its 10th biggest position. Cumberland Partners Ltd’s holdings in S&P Global were worth $48,726,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SPGI. Joseph Group Capital Management purchased a new stake in S&P Global in the 4th quarter valued at $29,000. North Star Investment Management Corp. raised its position in S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares during the last quarter. Palisade Asset Management LLC purchased a new stake in S&P Global in the 3rd quarter valued at $36,000. Ameriflex Group Inc. raised its position in S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. Finally, Ares Financial Consulting LLC purchased a new stake in S&P Global in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.7%

Shares of S&P Global stock opened at $418.58 on Friday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company’s 50-day simple moving average is $425.23 and its 200-day simple moving average is $466.77. The firm has a market cap of $123.90 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business posted $4.37 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 19.59 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, May 29th. S&P Global’s payout ratio is 24.56%.

Insider Transactions at S&P Global

In other news, CEO Martina Cheung purchased 2,322 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. The trade was a 9.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Catherine R. Clay purchased 2,500 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 5,974 shares of company stock worth $2,576,775 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird set a $546.00 price target on shares of S&P Global in a research report on Wednesday, February 11th. Jefferies Financial Group upped their price target on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Morgan Stanley upped their price target on shares of S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Evercore reduced their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, Rothschild & Co Redburn reduced their price target on shares of S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $546.39.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.