E Fund Management Hong Kong Co. Ltd. Sells 83 Shares of S&P Global Inc. (NYSE:SPGI)

E Fund Management Hong Kong Co. Ltd. decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 39.5% during the 4th quarter, according to the company in its most recent 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 period. E Fund Management Hong Kong Co. Ltd.’s holdings in S&P Global were worth $63,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after buying an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in S&P Global during the 3rd quarter worth approximately $224,976,000. FMR LLC raised its stake in S&P Global by 6.6% during the 3rd 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 period. Wellington Management Group LLP raised its stake in S&P Global by 3.4% during the 3rd 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. Finally, Nordea Investment Management AB raised its stake in S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after buying an additional 225,370 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on SPGI shares. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley increased their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Price Performance

Shares of NYSE SPGI opened at $513.64 on Monday. The stock has a fifty day simple moving average of $505.03 and a two-hundred day simple moving average of $503.09. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The firm has a market cap of $159.38 billion, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

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

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.