Fosun International Ltd Trims Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Fosun International Ltd lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 70.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 985 shares of the business services provider’s stock after selling 2,375 shares during the quarter. S&P Global accounts for 0.2% of Fosun International Ltd’s portfolio, making the stock its 28th biggest holding. Fosun International Ltd’s holdings in S&P Global were worth $491,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of S&P Global by 4.4% during the third quarter. Principal Financial Group Inc. now owns 365,737 shares of the business services provider’s stock valued at $188,948,000 after acquiring an additional 15,456 shares in the last quarter. ORG Partners LLC increased its holdings in S&P Global by 26.5% during the 4th quarter. ORG Partners LLC now owns 844 shares of the business services provider’s stock worth $421,000 after purchasing an additional 177 shares during the period. ORG Wealth Partners LLC raised its position in S&P Global by 127.5% during the 4th quarter. ORG Wealth Partners LLC now owns 1,017 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 570 shares in the last quarter. LVM Capital Management Ltd. MI lifted its holdings in shares of S&P Global by 10.8% in the 4th quarter. LVM Capital Management Ltd. MI now owns 707 shares of the business services provider’s stock worth $352,000 after buying an additional 69 shares during the period. Finally, HBW Advisory Services LLC bought a new position in shares of S&P Global during the 4th quarter worth $236,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.0 %

NYSE:SPGI opened at $507.44 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39. The company has a market cap of $155.63 billion, a PE ratio of 41.09, a P/E/G ratio of 2.41 and a beta of 1.23. The company’s 50 day moving average is $486.24 and its two-hundred day moving average is $501.60.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $4.01 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 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 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s dividend payout ratio is presently 30.16%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research reports. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Evercore ISI upped their price target 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. Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company increased 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. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $592.71.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now owns 5,131 shares of the company’s stock, valued at $2,619,016.33. The trade was a 8.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

S&P Global Company 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.