Stonehage Fleming Financial Services Holdings Ltd Buys 6,911 Shares of S&P Global Inc. $SPGI

Stonehage Fleming Financial Services Holdings Ltd boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 321,868 shares of the business services provider’s stock after buying an additional 6,911 shares during the quarter. S&P Global makes up about 4.4% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 12th largest position. Stonehage Fleming Financial Services Holdings Ltd’s holdings in S&P Global were worth $156,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. MTM Investment Management LLC acquired a new stake in S&P Global during the 2nd quarter worth $27,000. J.Safra Asset Management Corp bought a new position in shares of S&P Global in the 3rd quarter worth $29,000. Spurstone Advisory Services LLC acquired a new stake in shares of S&P Global during the second quarter worth $34,000. Howard Hughes Medical Institute acquired a new stake in shares of S&P Global during the second quarter worth $36,000. Finally, First Pacific Financial increased its holdings in S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $526.50 on Wednesday. The stock has a market capitalization of $159.42 billion, a P/E ratio of 38.29, a P/E/G ratio of 2.28 and a beta of 1.21. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a 50 day moving average of $516.43 and a 200-day moving average of $517.28. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.47. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.S&P Global’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SPGI shares. The Goldman Sachs Group restated a “buy” rating and set a $640.00 target price on shares of S&P Global in a research report on Tuesday, December 16th. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research note on Friday, November 14th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Morgan Stanley increased their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, Stifel Nicolaus reduced their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to MarketBeat, S&P Global has an average rating of “Buy” and an average 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.