S&P Global Inc. (NYSE:SPGI) Stake Trimmed by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 690,128 shares of the business services provider’s stock after selling 69,523 shares during the period. S&P Global comprises 1.4% of Temasek Holdings Private Ltd’s investment portfolio, making the stock its 18th largest holding. Temasek Holdings Private Ltd’s holdings in S&P Global were worth $343,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock valued at $3,273,264,000 after buying an additional 116,208 shares in the last quarter. Norges Bank acquired a new stake in S&P Global during the 4th quarter worth about $1,725,084,000. Northern Trust Corp boosted its position in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock worth $1,631,568,000 after acquiring an additional 525,347 shares during the period. Amundi grew its stake in S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock valued at $1,162,979,000 after acquiring an additional 145,434 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of S&P Global by 11.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider’s stock valued at $1,087,853,000 after purchasing an additional 224,294 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

NYSE SPGI opened at $522.36 on Friday. S&P Global Inc. has a fifty-two week low of $419.49 and a fifty-two week high of $545.39. The stock’s 50-day moving average is $487.94 and its two-hundred day moving average is $502.54. The firm has a market cap of $160.21 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $4.01 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Wednesday, May 28th. S&P Global’s payout ratio is 30.16%.

Analysts Set New Price Targets

Several research firms recently commented on SPGI. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Evercore ISI boosted their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Robert W. Baird cut their price objective on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, UBS Group boosted their target price on S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $592.71.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by insiders.

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.