AIA Group Ltd Sells 820 Shares of S&P Global Inc. (NYSE:SPGI)

Key Points

• AIA Group Ltd reduced its stake in S&P Global by 6.5% in Q1, holding 11,742 shares worth approximately $5.97 million after selling 820 shares.
• Several analysts have bullish ratings on S&P Global, with price targets ranging from $589 to $660, reflecting a general consensus of a "Moderate Buy" rating among investment analysts.
• S&P Global reported a quarterly earnings beat with $4.43 EPS, surpassing estimates and showing a year-over-year revenue increase of 5.8% to $3.76 billion.

AIA Group Ltd decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,742 shares of the business services provider's stock after selling 820 shares during the quarter. AIA Group Ltd's holdings in S&P Global were worth $5,966,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Graham Capital Management L.P. purchased a new position in S&P Global during the 4th quarter worth approximately $14,040,000. GAMMA Investing LLC boosted its stake in shares of S&P Global by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after buying an additional 708 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of S&P Global by 1.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after buying an additional 1,166 shares during the period. Alaethes Wealth LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at $2,029,000. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of S&P Global by 5.2% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock valued at $5,513,000 after buying an additional 536 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Performance

S&P Global stock traded up $3.47 on Wednesday, reaching $562.53. 1,047,388 shares of the stock were exchanged, compared to its average volume of 1,197,488. The stock has a market cap of $171.74 billion, a PE ratio of 43.27, a PEG ratio of 2.99 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $566.56. The firm has a fifty day moving average price of $528.18 and a two-hundred day moving average price of $512.02.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $3.65 billion. During the same quarter in the previous year, the business earned $4.04 EPS. The business's revenue was up 5.8% on a year-over-year basis. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SPGI shares. UBS Group lifted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Stifel Nicolaus reduced 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 note on Wednesday, April 30th. Barclays lifted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company lifted their price objective on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $611.69.

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.