Meitav Investment House Ltd. Increases Position in S&P Global Inc. $SPGI

Meitav Investment House Ltd. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,875 shares of the business services provider’s stock after acquiring an additional 100 shares during the quarter. Meitav Investment House Ltd.’s holdings in S&P Global were worth $2,539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Stegent Equity Advisors Inc. boosted its stake in S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after buying an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in shares of S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after acquiring an additional 20 shares during the last quarter. Foster Group Inc. boosted its stake in shares of S&P Global by 0.9% in the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 20 shares in the last quarter. Quent Capital LLC grew its holdings in shares of S&P Global by 1.9% during the 2nd quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock valued at $571,000 after purchasing an additional 20 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its position in S&P Global by 2.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.3%

Shares of S&P Global stock opened at $478.28 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a market cap of $146.02 billion, a P/E ratio of 36.79, a PEG ratio of 2.55 and a beta of 1.19. The company’s fifty day simple moving average is $534.32 and its two-hundred day simple moving average is $515.02.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm posted $4.04 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is currently 29.54%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SPGI shares. Wells Fargo & Company raised their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. raised their price target on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Citigroup boosted their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Barclays lifted their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley increased their price target on shares of S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $614.46.

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.