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

SeaTown Holdings Pte. Ltd. trimmed its position in S&P Global Inc. (NYSE:SPGI) by 7.8% during the second quarter, Holdings Channel reports. The institutional investor owned 13,450 shares of the business services provider’s stock after selling 1,140 shares during the quarter. S&P Global makes up about 4.2% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 14th biggest holding. SeaTown Holdings Pte. Ltd.’s holdings in S&P Global were worth $7,092,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Motiv8 Investments LLC boosted its holdings in S&P Global by 10.8% in the second quarter. Motiv8 Investments LLC now owns 2,478 shares of the business services provider’s stock valued at $1,307,000 after acquiring an additional 242 shares during the last quarter. D.B. Root & Company LLC lifted its position in S&P Global by 128.6% during the 2nd quarter. D.B. Root & Company LLC now owns 1,054 shares of the business services provider’s stock valued at $556,000 after purchasing an additional 593 shares during the period. Relyea Zuckerberg Hanson LLC boosted its stake in shares of S&P Global by 4.4% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 964 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 41 shares during the last quarter. Confluence Wealth Services Inc. boosted its stake in shares of S&P Global by 1.7% in the 2nd quarter. Confluence Wealth Services Inc. now owns 2,039 shares of the business services provider’s stock valued at $1,075,000 after purchasing an additional 34 shares during the last quarter. Finally, Valley National Advisers Inc. grew its position in shares of S&P Global by 21.4% during the 2nd quarter. Valley National Advisers Inc. now owns 142 shares of the business services provider’s stock worth $74,000 after buying an additional 25 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SPGI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research note on Saturday, September 27th. Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Morgan Stanley increased their target price 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, Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Buy” and a consensus target price of $614.46.

S&P Global Stock Performance

SPGI stock opened at $478.28 on Tuesday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market cap of $146.02 billion, a PE ratio of 36.79, a P/E/G ratio of 2.55 and a beta of 1.19. The business’s 50-day moving average price is $534.32 and its two-hundred day moving average price is $515.02.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company earned $4.04 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced 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. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 29.54%.

S&P Global 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.