SeaTown Holdings Pte. Ltd. Has $7.09 Million Stock Holdings in S&P Global Inc. $SPGI

SeaTown Holdings Pte. Ltd. decreased its position in S&P Global Inc. (NYSE:SPGI) by 7.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,450 shares of the business services provider’s stock after selling 1,140 shares during the period. S&P Global comprises approximately 4.2% of SeaTown Holdings Pte. Ltd.’s holdings, making the stock its 14th largest holding. SeaTown Holdings Pte. Ltd.’s holdings in S&P Global were worth $7,092,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the first quarter valued at $26,000. Costello Asset Management INC bought a new stake in S&P Global in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global in the 2nd quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global in the 1st quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SPGI shares. Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Wells Fargo & Company upped their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Oppenheimer raised their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. UBS Group boosted their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, Barclays increased their price objective on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus target price of $614.46.

S&P Global Stock Down 0.3%

NYSE SPGI opened at $478.28 on Tuesday. The firm has a market cap of $146.02 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock’s 50 day simple moving average is $534.32 and its 200 day simple moving average is $515.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio is currently 29.54%.

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.