Cumberland Partners Ltd Purchases 1,102 Shares of S&P Global Inc. $SPGI

Cumberland Partners Ltd lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,102 shares of the business services provider’s stock after purchasing an additional 1,102 shares during the period. S&P Global comprises approximately 3.6% of Cumberland Partners Ltd’s portfolio, making the stock its 5th largest position. Cumberland Partners Ltd’s holdings in S&P Global were worth $51,728,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Emerald Advisers LLC lifted its holdings in S&P Global by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after buying an additional 18 shares during the last quarter. Fullcircle Wealth LLC raised its position in shares of S&P Global by 1.0% during the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after acquiring an additional 18 shares in the last quarter. Summitry LLC raised its position in shares of S&P Global by 2.1% during the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after acquiring an additional 18 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in S&P Global by 0.7% during the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after purchasing an additional 20 shares during the last quarter. Finally, Foster Group Inc. boosted its holdings in S&P Global by 0.9% in the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on SPGI. Evercore ISI increased their target price on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. BMO Capital Markets set a $546.00 target price on S&P Global in a research report on Friday, November 14th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus decreased their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $613.00.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $490.69 on Thursday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The business has a fifty day simple moving average of $494.30 and a 200-day simple moving average of $516.81. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market cap of $148.58 billion, a P/E ratio of 37.75, a P/E/G ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

S&P Global 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.