Temasek Holdings Private Ltd Cuts Holdings in S&P Global Inc. (NYSE:SPGI)

Temasek Holdings Private Ltd decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 690,128 shares of the business services provider's stock after selling 69,523 shares during the quarter. S&P Global accounts for 1.4% of Temasek Holdings Private Ltd's portfolio, making the stock its 18th largest position. Temasek Holdings Private Ltd owned about 0.22% of S&P Global worth $343,704,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC raised its position in S&P Global by 91.8% in the 4th quarter. Tidal Investments LLC now owns 57,587 shares of the business services provider's stock worth $28,680,000 after purchasing an additional 27,565 shares during the period. Triavera Capital LLC bought a new position in S&P Global during the 4th quarter worth approximately $10,735,000. State of Wyoming increased its stake in S&P Global by 94.8% in the 4th quarter. State of Wyoming now owns 261 shares of the business services provider's stock worth $130,000 after purchasing an additional 127 shares during the period. Stonebrook Private Inc. boosted its stake in shares of S&P Global by 6.0% during the fourth quarter. Stonebrook Private Inc. now owns 2,069 shares of the business services provider's stock valued at $1,030,000 after purchasing an additional 117 shares during the period. Finally, Strategic Global Advisors LLC bought a new position in shares of S&P Global in the fourth quarter worth approximately $1,193,000. 87.17% of the stock is currently owned by institutional investors.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now directly owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Robert W. Baird decreased their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Evercore ISI increased their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Trading Down 2.5%

SPGI traded down $12.87 on Wednesday, hitting $510.07. The company had a trading volume of 1,501,415 shares, compared to its average volume of 1,220,615. The company has a market cap of $156.44 billion, a PE ratio of 41.30, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 12-month low of $419.49 and a 12-month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $489.70 and its 200 day simple moving average is $503.11.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $4.01 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global's payout ratio is currently 30.16%.

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.