Fosun International Ltd Has $1.48 Million Stake in S&P Global Inc. (NYSE:SPGI)

Fosun International Ltd reduced its stake in S&P Global Inc. (NYSE:SPGI) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,360 shares of the business services provider’s stock after selling 70 shares during the period. S&P Global comprises approximately 0.3% of Fosun International Ltd’s investment portfolio, making the stock its 18th largest position. Fosun International Ltd’s holdings in S&P Global were worth $1,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. D.B. Root & Company LLC raised its stake in S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 23 shares during the period. Mayflower Financial Advisors LLC lifted its stake in shares of S&P Global by 3.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after buying an additional 23 shares in the last quarter. Allworth Financial LP boosted its holdings in S&P Global by 1.8% in the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after buying an additional 24 shares during the period. Oakworth Capital Inc. boosted its holdings in shares of S&P Global by 31.2% in the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after acquiring an additional 24 shares during the period. Finally, Independence Bank of Kentucky grew its position in shares of S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 25 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of several analyst reports. BMO Capital Markets upped their price target on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Stifel Nicolaus increased their price objective on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays boosted their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $462.60.

S&P Global Price Performance

SPGI traded up $0.52 on Thursday, hitting $429.73. 70,868 shares of the company’s stock traded hands, compared to its average volume of 1,345,592. The company’s 50 day simple moving average is $422.49 and its 200-day simple moving average is $420.97. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The firm has a market cap of $134.46 billion, a price-to-earnings ratio of 48.12, a P/E/G ratio of 2.37 and a beta of 1.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. As a group, research analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $3.64 annualized dividend and a dividend yield of 0.85%. S&P Global’s payout ratio is presently 40.81%.

Insider Activity

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.