Meitav Investment House Ltd. Has $2.40 Million Position in S&P Global Inc. (NYSE:SPGI)

Meitav Investment House Ltd. decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 44.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,809 shares of the business services provider’s stock after selling 3,925 shares during the period. Meitav Investment House Ltd.’s holdings in S&P Global were worth $2,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. International Assets Investment Management LLC lifted its stake in S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of S&P Global in the 3rd quarter valued at approximately $224,976,000. FMR LLC lifted its position in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of S&P Global during the 4th quarter worth approximately $144,091,000. Finally, Wellington Management Group LLP boosted its stake in S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group boosted their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets raised their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Trading Down 0.2 %

Shares of NYSE SPGI opened at $542.61 on Thursday. The company’s 50 day simple moving average is $509.06 and its 200 day simple moving average is $508.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The firm has a market capitalization of $167.02 billion, a P/E ratio of 43.94, a P/E/G ratio of 2.42 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the company posted $3.13 EPS. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s dividend payout ratio is 31.09%.

S&P Global Company Profile

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.