Migdal Insurance & Financial Holdings Ltd. Acquires 73 Shares of S&P Global Inc. $SPGI

Migdal Insurance & Financial Holdings Ltd. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 243.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103 shares of the business services provider’s stock after buying an additional 73 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in S&P Global were worth $54,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC bought a new position in S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

S&P Global stock opened at $472.76 on Thursday. The firm’s fifty day moving average price is $510.05 and its 200-day moving average price is $515.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $144.33 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 2.61 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date 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 (DPR) is 29.54%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Oppenheimer increased their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Mizuho increased their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Citigroup increased their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, UBS Group increased their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $614.23.

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.