Cutler Investment Counsel LLC Has $4.23 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Cutler Investment Counsel LLC decreased its position in S&P Global Inc. (NYSE:SPGI) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,496 shares of the business services provider’s stock after selling 222 shares during the quarter. Cutler Investment Counsel LLC’s holdings in S&P Global were worth $4,231,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Exchange Traded Concepts LLC boosted its position in shares of S&P Global by 163.5% in the third quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 139 shares during the period. Creative Planning increased its holdings in shares of S&P Global by 13.0% in the third quarter. Creative Planning now owns 51,561 shares of the business services provider’s stock valued at $26,638,000 after purchasing an additional 5,913 shares in the last quarter. Swedbank AB lifted its position in S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after purchasing an additional 92,115 shares during the period. Global Retirement Partners LLC boosted its holdings in S&P Global by 13.2% during the third quarter. Global Retirement Partners LLC now owns 1,224 shares of the business services provider’s stock worth $632,000 after buying an additional 143 shares during the last quarter. Finally, Howard Capital Management Group LLC raised its stake in S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several research reports. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Price Performance

SPGI opened at $539.77 on Monday. The firm has a market cap of $167.49 billion, a PE ratio of 47.64, a P/E/G ratio of 2.39 and a beta of 1.20. The stock has a 50-day moving average price of $507.39 and a 200-day moving average price of $507.26. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the prior year, the business earned $3.13 EPS. Sell-side analysts predict that S&P Global Inc. will post 15.34 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is presently 32.13%.

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.