S&P Global Inc. $SPGI Stake Lessened by Cumberland Partners Ltd

Cumberland Partners Ltd lowered its stake in S&P Global Inc. (NYSE:SPGI) by 94.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,941 shares of the business services provider’s stock after selling 88,299 shares during the period. Cumberland Partners Ltd’s holdings in S&P Global were worth $2,102,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC raised its stake in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of S&P Global by 7.8% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares during the period. Neuberger Berman Group LLC lifted its position in shares of S&P Global by 5.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock worth $893,511,000 after buying an additional 88,526 shares during the last quarter. Jump Financial LLC acquired a new position in shares of S&P Global in the 2nd quarter valued at about $552,000. Finally, Main Street Financial Solutions LLC grew its position in shares of S&P Global by 17.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock valued at $1,694,000 after buying an additional 472 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Activity

In related news, CEO Catherine R. Clay purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $434.03 per share, with a total value of $500,002.56. Following the purchase, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 5,974 shares of company stock valued at $2,576,775 over the last three months. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent research reports. Barclays cut their price target on S&P Global from $565.00 to $555.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a report on Saturday, July 4th. Jefferies Financial Group lifted their price objective 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. BMO Capital Markets boosted their target price on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Finally, Morgan Stanley decreased their target price on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $533.59.

S&P Global Trading Up 1.5%

Shares of SPGI stock opened at $426.19 on Friday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two 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 stock has a 50-day simple moving average of $423.27 and a 200 day simple moving average of $442.10. The stock has a market capitalization of $126.15 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.13 and a beta of 1.08.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the company earned $4.37 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, sell-side analysts expect that S&P Global Inc. will post 18.37 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s payout ratio is 24.56%.

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.