Taikang Asset Management Hong Kong Co Ltd Lowers Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Taikang Asset Management Hong Kong Co Ltd reduced its holdings in S&P Global Inc. by 30.6%, now owning 11,624 shares worth approximately $5.9 million.
• Several institutional investors increased their stakes significantly in S&P Global, with GAMMA Investing LLC raising its position by over 60,000%.
• Analysts are optimistic about S&P Global, with price targets raised by multiple firms, bringing the consensus price target to $611.69 and a consensus rating of "Buy."

Taikang Asset Management Hong Kong Co Ltd cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 30.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,624 shares of the business services provider's stock after selling 5,122 shares during the period. Taikang Asset Management Hong Kong Co Ltd's holdings in S&P Global were worth $5,906,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after purchasing an additional 2,413 shares in the last quarter. GHE LLC lifted its stake in S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after purchasing an additional 274 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in S&P Global by 8.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 4,328 shares of the business services provider's stock worth $2,156,000 after purchasing an additional 352 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in S&P Global by 2.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 8,788 shares of the business services provider's stock worth $4,377,000 after purchasing an additional 220 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI stock traded up $1.06 during mid-day trading on Friday, hitting $548.61. 883,119 shares of the stock were exchanged, compared to its average volume of 1,272,244. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The stock's fifty day simple moving average is $538.10 and its two-hundred day simple moving average is $514.72. The stock has a market capitalization of $167.49 billion, a price-to-earnings ratio of 42.20, a P/E/G ratio of 2.94 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the company posted $4.04 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPGI. Wells Fargo & Company upped their price target on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. BMO Capital Markets upped their price target on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Morgan Stanley increased their price objective on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Oppenheimer increased their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, S&P Global presently has a consensus rating of "Buy" and a consensus price target 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.