E Fund Management Hong Kong Co. Ltd. Lowers Stock Holdings in S&P Global Inc. (NYSE:SPGI)

E Fund Management Hong Kong Co. Ltd. reduced its stake in S&P Global Inc. (NYSE:SPGI) by 39.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127 shares of the business services provider’s stock after selling 83 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in S&P Global were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SPGI. AQR Capital Management LLC raised its stake in S&P Global by 35.3% in the second quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock valued at $14,147,000 after purchasing an additional 8,315 shares in the last quarter. APG Asset Management N.V. grew its position in S&P Global by 221.1% during the second quarter. APG Asset Management N.V. now owns 39,209 shares of the business services provider’s stock valued at $16,317,000 after acquiring an additional 27,000 shares during the last quarter. Kathmere Capital Management LLC grew its position in S&P Global by 18.5% during the second quarter. Kathmere Capital Management LLC now owns 1,101 shares of the business services provider’s stock valued at $491,000 after acquiring an additional 172 shares during the last quarter. SkyView Investment Advisors LLC grew its position in S&P Global by 15.3% during the second quarter. SkyView Investment Advisors LLC now owns 4,838 shares of the business services provider’s stock valued at $2,158,000 after acquiring an additional 641 shares during the last quarter. Finally, Ascent Group LLC grew its position in S&P Global by 8.2% during the second quarter. Ascent Group LLC now owns 5,746 shares of the business services provider’s stock valued at $2,563,000 after acquiring an additional 436 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

NYSE:SPGI opened at $513.64 on Monday. The stock has a market cap of $159.38 billion, a P/E ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The firm’s fifty day simple moving average is $505.03 and its 200 day simple moving average is $503.09. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.21 earnings per share. As a group, research analysts predict that S&P Global Inc. will post 15.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPGI. Wells Fargo & Company reduced their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. UBS Group increased their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley raised their target price on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus raised their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

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.