Cutler Investment Counsel LLC Has $3.83 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Cutler Investment Counsel LLC lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 111.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,693 shares of the business services provider's stock after buying an additional 4,584 shares during the quarter. Cutler Investment Counsel LLC's holdings in S&P Global were worth $3,829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Ninepoint Partners LP boosted its stake in S&P Global by 8.6% during the 4th quarter. Ninepoint Partners LP now owns 1,777 shares of the business services provider's stock valued at $783,000 after purchasing an additional 140 shares during the period. Lafayette Investments Inc. bought a new stake in shares of S&P Global in the fourth quarter valued at approximately $223,000. Fidelis Capital Partners LLC boosted its position in shares of S&P Global by 14.2% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,609 shares of the business services provider's stock valued at $709,000 after acquiring an additional 200 shares during the period. Western Wealth Management LLC grew its stake in shares of S&P Global by 25.9% in the fourth quarter. Western Wealth Management LLC now owns 2,865 shares of the business services provider's stock worth $1,262,000 after acquiring an additional 590 shares during the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp increased its position in S&P Global by 10.9% during the fourth quarter. Obermeyer Wood Investment Counsel Lllp now owns 988 shares of the business services provider's stock worth $435,000 after acquiring an additional 97 shares during the period. 87.17% of the stock is owned by institutional investors.

Insider Activity at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares of the company's stock, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Oppenheimer restated an "outperform" rating and issued a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. BMO Capital Markets lifted their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an "outperform" rating in a research note on Monday, April 1st. Finally, Stifel Nicolaus dropped their price objective on shares of S&P Global from $460.00 to $442.00 and set a "buy" rating for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $462.00.

S&P Global Trading Down 0.2 %

SPGI stock traded down $0.81 during trading on Friday, hitting $412.56. The company had a trading volume of 1,130,770 shares, compared to its average volume of 1,307,911. The firm has a 50-day moving average price of $425.23 and a 200-day moving average price of $415.25. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock has a market cap of $132.13 billion, a price-to-earnings ratio of 50.23, a PEG ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $3.15 by ($0.02). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. S&P Global's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.54 earnings per share. As a group, analysts predict that S&P Global Inc. will post 14.08 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were paid a dividend of $0.91 per share. The ex-dividend date was Monday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. S&P Global's payout ratio is 44.23%.

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.