Stonehage Fleming Financial Services Holdings Ltd Invests $164.70 Million in S&P Global Inc. $SPGI

Key Points

• Stonehage Fleming Financial Services Holdings acquired 404,410 S&P Global shares worth approximately $164.7 million, making SPGI its fourth-largest holding at 5.6% of the portfolio.
• Analysts maintain a favorable outlook, with 18 Buy ratings, one Hold and one Sell; the consensus rating is Moderate Buy with an average price target of $523.59.
• S&P Global beat quarterly earnings and revenue estimates, reporting $4.83 in EPS and $4.15 billion in revenue, while declaring a $0.97 quarterly dividend, or $3.88 annually.

Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 404,410 shares of the business services provider's stock, valued at approximately $164,700,000. S&P Global makes up about 5.6% of Stonehage Fleming Financial Services Holdings Ltd's holdings, making the stock its 4th largest position. Stonehage Fleming Financial Services Holdings Ltd owned about 0.14% of S&P Global as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in S&P Global by 1.1% in the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider's stock valued at $7,451,971,000 after buying an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. increased its stake in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider's stock worth $6,161,498,000 after buying an additional 600,440 shares in the last quarter. Morgan Stanley increased its stake in S&P Global by 3.3% during the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider's stock worth $4,354,796,000 after buying an additional 263,051 shares in the last quarter. Norges Bank acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $2,398,991,000. Finally, Capital International Investors raised its holdings in shares of S&P Global by 43.6% during the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider's stock valued at $1,587,910,000 after acquiring an additional 922,433 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SPGI shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of S&P Global in a research note on Monday, July 6th. Royal Bank Of Canada reissued an "outperform" rating and issued a $510.00 price objective on shares of S&P Global in a research note on Wednesday. Rothschild & Co Redburn decreased their price objective on S&P Global from $540.00 to $520.00 and set a "buy" rating on the stock in a report on Thursday, June 18th. Morgan Stanley decreased their price objective on S&P Global from $557.00 to $525.00 and set an "overweight" rating on the stock in a report on Tuesday, July 7th. Finally, Citigroup lifted their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average target price of $523.59.

S&P Global Trading Down 0.2%

SPGI opened at $435.73 on Friday. The firm has a market capitalization of $128.45 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company's 50 day simple moving average is $423.94 and its two-hundred day simple moving average is $424.16. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the business earned $4.43 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts expect that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global's payout ratio is 23.69%.

S&P Global Company Profile

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.

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