S&P Global Inc. (NYSE:SPGI) Shares Sold by Fosun International Ltd

Fosun International Ltd lowered its position in S&P Global Inc. (NYSE:SPGI) by 70.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 985 shares of the business services provider’s stock after selling 2,375 shares during the period. S&P Global comprises approximately 0.2% of Fosun International Ltd’s investment portfolio, making the stock its 28th biggest position. Fosun International Ltd’s holdings in S&P Global were worth $491,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SPGI. Eastern Bank lifted its holdings in S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock worth $18,799,000 after purchasing an additional 6,051 shares during the last quarter. Synergy Asset Management LLC lifted its stake in S&P Global by 110.8% in the 4th quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider’s stock valued at $12,066,000 after buying an additional 12,547 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in S&P Global by 50.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider’s stock valued at $10,705,000 after buying an additional 7,170 shares in the last quarter. Finally, James Hambro & Partners LLP boosted its holdings in S&P Global by 0.9% in the 4th quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider’s stock worth $108,173,000 after buying an additional 1,899 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.0 %

Shares of S&P Global stock opened at $507.44 on Friday. The stock has a 50 day moving average of $486.24 and a 200 day moving average of $501.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $155.63 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a fifty-two week low of $419.49 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. S&P Global’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.01 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, May 28th. S&P Global’s payout ratio is 30.16%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SPGI shares. Wells Fargo & Company raised their target price on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Bank of America assumed coverage on S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price objective on the stock. BMO Capital Markets lifted their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $592.71.

Insider Buying and Selling at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.