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

Key Points

• SeaTown Holdings Pte. Ltd. has reduced its stake in S&P Global Inc. by 7.8%, now holding approximately $7.09 million worth of shares, making it the company's 14th largest holding.
• Analysts have recently upgraded their target price for S&P Global, with estimates ranging from $615 to $661, reflecting a positive outlook and a consensus rating of "Buy."
• S&P Global reported a quarterly EPS of $4.43, exceeding expectations, along with a revenue increase of 5.8% year-over-year, further solidifying its growth trajectory.

SeaTown Holdings Pte. Ltd. decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.