Meitav Investment House Ltd. Sells 3,925 Shares of S&P Global Inc. (NYSE:SPGI)

Meitav Investment House Ltd. lowered its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 44.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the third quarter valued at approximately $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the third quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new stake in S&P Global in the 3rd quarter worth approximately $31,000. Human Investing LLC bought a new stake in S&P Global in the 4th quarter worth approximately $30,000. Finally, Voisard Asset Management Group Inc. grew its position in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after purchasing an additional 27 shares during the period. Institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Stifel Nicolaus lifted their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. UBS Group lifted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $590.23.

S&P Global Price Performance

Shares of SPGI traded down $2.38 during trading hours on Friday, reaching $533.05. 1,335,113 shares of the stock traded hands, compared to its average volume of 1,359,665. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The company's 50-day moving average price is $509.53 and its two-hundred day moving average price is $508.60. The company has a market cap of $164.07 billion, a P/E ratio of 43.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the business posted $3.13 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share 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. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is presently 29.47%.

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.