Stonehage Fleming Financial Services Holdings Ltd Has $206.58 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Stonehage Fleming Financial Services Holdings Ltd lessened its position in S&P Global Inc. (NYSE:SPGI) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 414,793 shares of the business services provider’s stock after selling 20,539 shares during the period. S&P Global comprises 5.8% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 4th largest holding. Stonehage Fleming Financial Services Holdings Ltd owned about 0.13% of S&P Global worth $206,579,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SPGI. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in S&P Global by 4.3% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,270 shares of the business services provider’s stock worth $1,629,000 after buying an additional 135 shares in the last quarter. Harrell Investment Partners LLC boosted its holdings in shares of S&P Global by 10.2% during the 4th quarter. Harrell Investment Partners LLC now owns 5,593 shares of the business services provider’s stock valued at $2,785,000 after acquiring an additional 516 shares during the last quarter. Clarendon Private LLC bought a new stake in shares of S&P Global in the fourth quarter worth approximately $334,000. Park Edge Advisors LLC bought a new stake in shares of S&P Global in the fourth quarter worth approximately $549,000. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of S&P Global by 3.8% during the fourth quarter. Flagship Harbor Advisors LLC now owns 3,934 shares of the business services provider’s stock valued at $1,959,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Morgan Stanley boosted their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus raised their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Up 0.0 %

SPGI opened at $513.64 on Monday. The stock has a market cap of $159.38 billion, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s fifty day moving average is $505.03 and its 200 day moving average is $503.09. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company posted $3.21 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts forecast that S&P Global Inc. will post 15.33 earnings per share for the current fiscal year.

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.