S&P Global Inc. (NYSE:SPGI) is Cumberland Partners Ltd’s 4th Largest Position

Cumberland Partners Ltd boosted its stake in S&P Global Inc. (NYSE:SPGI) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 95,875 shares of the business services provider’s stock after acquiring an additional 1,633 shares during the quarter. S&P Global comprises about 3.6% of Cumberland Partners Ltd’s portfolio, making the stock its 4th largest position. Cumberland Partners Ltd’s holdings in S&P Global were worth $42,235,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group lifted its position in 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 valued at $28,000 after buying an additional 25 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in S&P Global during the third quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA lifted its position in 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 valued at $33,000 after buying an additional 50 shares in the last quarter. Finally, MCF Advisors LLC lifted its position in S&P Global by 141.7% during the fourth quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock valued at $38,000 after buying an additional 51 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James lifted their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Oppenheimer reaffirmed an “outperform” rating and set a $480.00 price target on shares of S&P Global in a research report on Tuesday, April 2nd. Stifel Nicolaus reduced their price target on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Barclays boosted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

S&P Global Stock Performance

Shares of S&P Global stock traded down $3.68 during trading on Tuesday, hitting $413.25. 2,355,958 shares of the stock were exchanged, compared to its average volume of 1,317,412. The stock’s fifty day moving average is $424.29 and its 200 day moving average is $417.10. The stock has a market cap of $132.35 billion, a PE ratio of 50.21, a P/E/G ratio of 2.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.11 EPS for the current year.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

About S&P Global

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.