Cullinan Associates Inc. Has $57.55 Million Stock Holdings in S&P Global Inc. $SPGI

Cullinan Associates Inc. lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.2% during the third quarter, Holdings Channel reports. The fund owned 118,240 shares of the business services provider’s stock after selling 5,200 shares during the quarter. S&P Global comprises 3.7% of Cullinan Associates Inc.’s investment portfolio, making the stock its 5th largest position. Cullinan Associates Inc.’s holdings in S&P Global were worth $57,549,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the second quarter valued at about $26,000. MTM Investment Management LLC bought a new stake in S&P Global in the 2nd quarter valued at about $27,000. Spurstone Advisory Services LLC acquired a new position in S&P Global during the 2nd quarter worth approximately $34,000. Howard Hughes Medical Institute bought a new position in S&P Global in the second quarter worth approximately $36,000. Finally, First Pacific Financial boosted its holdings in S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after acquiring an additional 25 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI opened at $542.30 on Wednesday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $164.21 billion, a price-to-earnings ratio of 39.44, a P/E/G ratio of 2.32 and a beta of 1.21. The firm’s fifty day moving average price is $507.95 and its two-hundred day moving average price is $516.71.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, beating the consensus estimate of $4.26 by $0.47. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SPGI shares. Mizuho boosted their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Wells Fargo & Company raised their price objective on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Stifel Nicolaus reduced their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $640.00 target price on shares of S&P Global in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $615.64.

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.