Cumberland Partners Ltd Decreases Position in S&P Global Inc. $SPGI

Cumberland Partners Ltd reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,246 shares of the business services provider’s stock after selling 1,856 shares during the period. S&P Global accounts for 3.1% of Cumberland Partners Ltd’s portfolio, making the stock its 8th biggest holding. Cumberland Partners Ltd’s holdings in S&P Global were worth $46,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after buying an additional 75 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in S&P Global in the 2nd quarter worth $264,000. Chicago Partners Investment Group LLC increased its stake in S&P Global by 15.2% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,879 shares of the business services provider’s stock worth $988,000 after buying an additional 248 shares in the last quarter. Finally, Phoenix Financial Ltd. bought a new stake in S&P Global during the second quarter valued at about $1,349,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of S&P Global stock opened at $419.61 on Thursday. The firm has a market cap of $125.38 billion, a PE ratio of 28.64, a PEG ratio of 1.94 and a beta of 1.20. The stock has a 50 day moving average of $502.71 and a 200 day moving average of $508.57. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The firm’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is 26.21%.

Analyst Ratings Changes

Several brokerages have recently commented on SPGI. Morgan Stanley boosted their price objective on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. The Goldman Sachs Group set a $498.00 price target on S&P Global in a research note on Wednesday, February 11th. Royal Bank Of Canada reduced their price objective on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus target price of $566.33.

S&P Global Company 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.