Meitav Investment House Ltd. Grows Holdings in S&P Global Inc. $SPGI

Meitav Investment House Ltd. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.1% in the 2nd quarter, Holdings Channel reports. The fund owned 4,875 shares of the business services provider’s stock after buying an additional 100 shares during the quarter. Meitav Investment House Ltd.’s holdings in S&P Global were worth $2,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new position in S&P Global during the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global during the 2nd quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global during the first quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $478.28 on Tuesday. The firm has a fifty day simple moving average of $534.32 and a two-hundred day simple moving average of $515.02. The firm has a market cap of $146.02 billion, a PE ratio of 36.79, a P/E/G ratio of 2.55 and a beta of 1.19. 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 1-year low of $427.14 and a 1-year high of $579.05.

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

S&P Global Dividend Announcement

The firm also recently declared 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 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 presently 29.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SPGI shares. Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. UBS Group lifted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Wells Fargo & Company raised their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, Morgan Stanley upped their price objective on 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 investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.