S&P Global Inc. $SPGI Shares Sold by Stonehage Fleming Financial Services Holdings Ltd

Key Points

• Stonehage Fleming Financial Services Holdings Ltd reduced its stake in S&P Global by 2.6% during the 2nd quarter, owning approximately 314,957 shares worth $166.07 million.
• S&P Global recently announced a quarterly dividend of $0.96 per share, yielding an annualized 0.8%, with the payment scheduled for December 10th.
• Analysts have set an average target price of $614.85 for S&P Global, with most ratings classified as Buy or Strong Buy.

Stonehage Fleming Financial Services Holdings Ltd reduced its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 314,957 shares of the business services provider's stock after selling 8,420 shares during the period. S&P Global makes up approximately 4.8% of Stonehage Fleming Financial Services Holdings Ltd's portfolio, making the stock its 11th biggest holding. Stonehage Fleming Financial Services Holdings Ltd owned 0.10% of S&P Global worth $166,074,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Divergent Planning LLC acquired a new stake in shares of S&P Global during the 2nd quarter valued at about $303,000. Dynamic Advisor Solutions LLC grew its position in shares of S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider's stock valued at $6,568,000 after acquiring an additional 733 shares during the period. SCS Capital Management LLC acquired a new stake in shares of S&P Global during the 1st quarter valued at about $240,000. Foster Victor Wealth Advisors LLC grew its position in shares of S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider's stock valued at $16,562,000 after acquiring an additional 1,383 shares during the period. Finally, Caxton Associates LLP acquired a new stake in shares of S&P Global during the 1st quarter valued at about $386,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 0.3%

SPGI opened at $486.39 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The company's 50 day simple moving average is $529.93 and its two-hundred day simple moving average is $514.29. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm has a market capitalization of $148.49 billion, a price-to-earnings ratio of 37.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion for the quarter. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio (DPR) is 29.54%.

Analysts Set New Price Targets

SPGI has been the topic of a number of analyst reports. Wells Fargo & Company raised their target price on S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. BMO Capital Markets raised their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Oppenheimer raised their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $614.85.

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.

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