Temasek Holdings Private Ltd Buys 96,991 Shares of S&P Global Inc. $SPGI

Key Points

• Temasek Holdings increased its stake in S&P Global by 14.1%, acquiring an additional 96,991 shares, bringing its total to 787,119 shares, which represents about 1.6% of its holdings.
• Analysts have raised price targets for S&P Global, with the average target now at $611.69, reflecting strong positive sentiment in recent evaluations.
• S&P Global reported a quarterly earnings per share (EPS) of $4.43, surpassing the consensus estimate by $0.25, alongside a revenue increase of 5.8% year-over-year.

Temasek Holdings Private Ltd boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 14.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 787,119 shares of the business services provider's stock after buying an additional 96,991 shares during the period. S&P Global makes up approximately 1.6% of Temasek Holdings Private Ltd's holdings, making the stock its 18th largest holding. Temasek Holdings Private Ltd owned approximately 0.26% of S&P Global worth $399,935,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Stegent Equity Advisors Inc. raised its holdings in S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after buying an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC raised its holdings in S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock valued at $1,453,000 after buying an additional 20 shares during the period. Integrated Investment Consultants LLC raised its holdings in S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock valued at $387,000 after buying an additional 21 shares during the period. Hemington Wealth Management raised its holdings in S&P Global by 8.0% during the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock valued at $144,000 after buying an additional 21 shares during the period. Finally, Retirement Planning Group LLC increased its stake in S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPGI. UBS Group increased their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their target price 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 increased their target price 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. Finally, Morgan Stanley increased their target price on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $611.69.

S&P Global Stock Up 0.3%

Shares of SPGI traded up $1.64 during midday trading on Tuesday, reaching $547.51. 631,745 shares of the stock were exchanged, compared to its average volume of 1,003,596. S&P Global Inc. has a 52 week low of $427.14 and a 52 week 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 company's 50 day moving average is $541.94 and its two-hundred day moving average is $514.81. The company has a market capitalization of $167.16 billion, a P/E ratio of 42.12, a PEG ratio of 2.92 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last posted 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 business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the company earned $4.04 EPS. The business's revenue 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. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given 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 yield of 0.7%. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

About S&P Global

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.