S&P Global Inc. $SPGI Shares Sold by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 30.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,624 shares of the business services provider’s stock after selling 5,122 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in S&P Global were worth $5,906,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock worth $15,130,711,000 after buying an additional 108,729 shares during the last quarter. Northern Trust Corp raised its position in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock worth $1,631,568,000 after buying an additional 525,347 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider’s stock worth $1,529,653,000 after buying an additional 357,790 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after buying an additional 614,809 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock worth $1,403,468,000 after buying an additional 97,324 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $555.93 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $534.30 and a two-hundred day moving average price of $513.75. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a market capitalization of $169.73 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the firm posted $4.04 EPS. The firm’s revenue for the quarter 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. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global’s dividend payout ratio (DPR) is 29.54%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of analyst reports. Robert W. Baird cut their price objective on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Argus upgraded shares of S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. Stifel Nicolaus cut their price objective on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Oppenheimer increased their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $611.69.

S&P Global Profile

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.