Stonehage Fleming Financial Services Holdings Ltd Has $156.66 Million Stake in S&P Global Inc. $SPGI

Stonehage Fleming Financial Services Holdings Ltd raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 321,868 shares of the business services provider’s stock after purchasing an additional 6,911 shares during the quarter. S&P Global accounts for 4.4% of Stonehage Fleming Financial Services Holdings Ltd’s investment portfolio, making the stock its 12th biggest holding. Stonehage Fleming Financial Services Holdings Ltd owned about 0.11% of S&P Global worth $156,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. Vanguard Group Inc. lifted its position in shares of S&P Global by 1.1% in the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares in the last quarter. TCI Fund Management Ltd. lifted its position in S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after buying an additional 730,354 shares in the last quarter. Geode Capital Management LLC lifted its position in S&P Global by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after buying an additional 42,724 shares in the last quarter. Norges Bank acquired a new stake in shares of S&P Global during the 2nd quarter valued at $2,188,945,000. Finally, Valeo Financial Advisors LLC grew its holdings in shares of S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after acquiring an additional 3,163,938 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $526.50 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a fifty day moving average price of $516.43 and a 200 day moving average price of $517.28. The stock has a market cap of $159.42 billion, a P/E ratio of 38.29, a PEG ratio of 2.28 and a beta of 1.21.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.47. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the business earned $3.89 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is currently 27.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPGI shares. Evercore ISI raised their price target on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Mizuho increased their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. BMO Capital Markets set a $546.00 target price on shares of S&P Global in a research note on Friday, November 14th. Seaport Research Partners raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $640.00 price target on shares of S&P Global in a report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $615.64.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.