Taikang Asset Management Hong Kong Co Ltd Decreases Holdings in S&P Global Inc. (NYSE:SPGI)

Taikang Asset Management Hong Kong Co Ltd lowered its stake in S&P Global Inc. (NYSE:SPGI) by 42.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,746 shares of the business services provider’s stock after selling 12,146 shares during the period. S&P Global makes up approximately 1.2% of Taikang Asset Management Hong Kong Co Ltd’s investment portfolio, making the stock its 22nd biggest position. Taikang Asset Management Hong Kong Co Ltd’s holdings in S&P Global were worth $8,340,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $527,207,000. Proficio Capital Partners LLC raised its holdings in S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after buying an additional 618,620 shares during the period. FMR LLC lifted its position in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in S&P Global during the fourth quarter worth $144,091,000. Finally, Wellington Management Group LLP boosted its stake in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after buying an additional 292,436 shares during the period. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on SPGI. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Evercore ISI increased their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. UBS Group boosted their target price on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Stock Up 1.2 %

Shares of S&P Global stock opened at $504.00 on Tuesday. 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 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $155.13 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 2.41 and a beta of 1.20. The firm’s 50-day moving average is $514.28 and its two-hundred day moving average is $510.31.

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 (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the business earned $3.13 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s payout ratio is presently 31.09%.

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.