Cullinan Associates Inc. Lowers Holdings in S&P Global Inc. (NYSE:SPGI)

Cullinan Associates Inc. decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 123,140 shares of the business services provider's stock after selling 2,805 shares during the quarter. S&P Global accounts for approximately 4.4% of Cullinan Associates Inc.'s holdings, making the stock its 4th biggest holding. Cullinan Associates Inc.'s holdings in S&P Global were worth $62,567,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wealthfront Advisers LLC grew its holdings in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after acquiring an additional 6,051 shares during the last quarter. Graham Capital Management L.P. bought a new stake in S&P Global during the 4th quarter worth about $14,040,000. Freestone Capital Holdings LLC grew its holdings in S&P Global by 0.4% during the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock worth $5,727,000 after acquiring an additional 49 shares during the last quarter. Asahi Life Asset Management CO. LTD. grew its holdings in S&P Global by 85.9% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock worth $641,000 after acquiring an additional 595 shares during the last quarter. Finally, Coalescence Partners Investment Management LP grew its holdings in S&P Global by 62.7% during the 4th quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock worth $14,985,000 after acquiring an additional 11,599 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $503.85 on Friday. The company has a market capitalization of $154.53 billion, a price-to-earnings ratio of 39.58, a P/E/G ratio of 2.46 and a beta of 1.20. The firm's 50 day simple moving average is $501.16 and its 200 day simple moving average is $503.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. S&P Global's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company posted $4.01 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.76%. S&P Global's dividend payout ratio (DPR) is currently 30.16%.

Analyst Ratings Changes

A number of brokerages have commented on SPGI. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Stifel Nicolaus reduced their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird reduced their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, UBS Group raised their target price on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $592.71.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company's stock.

About S&P Global

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.

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