Harel Insurance Investments & Financial Services Ltd. Has $593,000 Stock Holdings in S&P Global Inc. $SPGI

Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 15.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,124 shares of the business services provider’s stock after buying an additional 152 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in S&P Global were worth $593,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock worth $15,130,711,000 after buying an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock worth $1,618,934,000 after purchasing an additional 114,843 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after purchasing an additional 3,163,938 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after purchasing an additional 614,809 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of S&P Global by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock worth $1,403,468,000 after purchasing an additional 97,324 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPGI. Mizuho boosted their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Morgan Stanley boosted their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Evercore ISI boosted their price target on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays boosted their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $538.00 price target on shares of S&P Global in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $612.38.

S&P Global Stock Performance

NYSE:SPGI opened at $487.37 on Monday. The company has a fifty day moving average of $507.44 and a 200-day moving average of $515.66. The firm has a market capitalization of $148.80 billion, a P/E ratio of 37.49, a P/E/G ratio of 2.50 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s payout ratio is 27.93%.

S&P Global 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.