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NEW YORK - S&P Global Market Intelligence announced the launch of its Global Entity Linking and ESG Data Management Services, now available through Snowflake’s AI Data Cloud, providing a new solution for comprehensive data analysis. This service aims to offer clients the ability to integrate data from various sources, both public and private, using advanced AI technology to create a unified view of entities and reference data.
The new offering is part of the Enterprise Data Management (EDM) Insights Platform, which allows clients to consolidate data from multiple sources, enhancing the ability to aggregate insights and analytics for different teams within an organization. The integration with Snowflake also enables customers to access validated and reconciled data within their own Snowflake environment, using Secure Data Sharing. With a robust gross profit margin of 69% and consistent dividend payments for 55 consecutive years, S&P Global has established itself as a leader in the financial data services sector.
Vikas Sahni, Head of Software for Enterprise Solutions at S&P Global Market Intelligence, emphasized the scalability of the platform, noting that the cloud technology and managed services are designed to handle large volumes of sustainability data while offering flexibility for onboarding and integrating new data sources.
Tom Gray, Senior Manager at Snowflake Financial Services Data Cloud Partnerships, highlighted the benefit for joint customers, who can aggregate and consolidate data from a wide array of sources and leverage that data within Snowflake for various use cases.
S&P Global Market Intelligence, a division of S&P Global (NYSE: SPGI), provides insights, data, and technology solutions to assist customers in making informed decisions. The integration with Snowflake is expected to enhance the company’s enterprise data management solutions by simplifying access to data and analytics.
This announcement is based on a press release statement from S&P Global Market Intelligence.
In other recent news, S&P Global reported fourth-quarter earnings that exceeded analyst expectations, driven by substantial growth in its Ratings division. The company posted an adjusted earnings per share of $3.77, surpassing the consensus estimate of $3.36, and reported revenue of $3.59 billion, above the expected $3.43 billion. For the full year 2024, S&P Global’s revenue rose 14% to $14.21 billion, with adjusted EPS climbing 25% to $15.70. Looking forward to 2025, the company projects revenue growth between 5.0% and 7.0%, with adjusted EPS ranging from $17.00 to $17.25, exceeding current analyst consensus.
RBC Capital Markets reiterated an Outperform rating on S&P Global shares, maintaining a price target of $620. They highlighted the company’s strong performance in the Market Intelligence segment and potential gains in capital markets. Similarly, Stifel increased the price target for S&P Global shares to $629, citing the company’s robust Ratings segment performance and optimistic Debt Issuance outlook. Mizuho Securities also initiated coverage with an Outperform rating and a price target of $599, acknowledging S&P Global’s strong business model and potential for increased profitability through technological investments.
Additionally, S&P Global announced plans to return a significant portion of its adjusted free cash flow to shareholders through dividends and share repurchases in 2025. The company’s board authorized a quarterly cash dividend of $0.96 and approved a $4.3 billion share repurchase program. These recent developments underscore the company’s strategic initiatives and financial health.
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