E Fund Management Hong Kong Co. Ltd. Sells 85 Shares of S&P Global Inc. $SPGI

E Fund Management Hong Kong Co. Ltd. lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 40.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 124 shares of the business services provider’s stock after selling 85 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in S&P Global were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Columbus Macro LLC lifted its stake in shares of S&P Global by 7.3% in the 2nd quarter. Columbus Macro LLC now owns 11,232 shares of the business services provider’s stock worth $5,923,000 after purchasing an additional 762 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of S&P Global by 1.1% in the 2nd quarter. Vontobel Holding Ltd. now owns 182,769 shares of the business services provider’s stock worth $96,372,000 after purchasing an additional 1,975 shares during the period. Maryland State Retirement & Pension System raised its stake in S&P Global by 2.0% during the 2nd quarter. Maryland State Retirement & Pension System now owns 14,924 shares of the business services provider’s stock worth $7,869,000 after acquiring an additional 289 shares during the period. Optas LLC lifted its holdings in S&P Global by 3.4% during the second quarter. Optas LLC now owns 934 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 31 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in S&P Global by 6.9% during the second quarter. Valmark Advisers Inc. now owns 602 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.2%

Shares of SPGI opened at $482.20 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a 50 day simple moving average of $532.35 and a two-hundred day simple moving average of $514.56. The firm has a market cap of $147.22 billion, a P/E ratio of 37.09, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the firm posted $4.04 EPS. The company’s revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several recent analyst reports. Citigroup raised their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Oppenheimer raised their price target on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Morgan Stanley upped their price objective on S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Barclays increased their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $614.46.

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.