Menora Mivtachim Holdings LTD. Trims Holdings in S&P Global Inc. (NYSE:SPGI)

Menora Mivtachim Holdings LTD. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 41.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,011 shares of the business services provider’s stock after selling 161,122 shares during the quarter. Menora Mivtachim Holdings LTD. owned about 0.07% of S&P Global worth $111,564,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Human Investing LLC purchased a new position in S&P Global during the fourth quarter worth $30,000. Noble Wealth Management PBC bought a new stake in S&P Global in the fourth quarter worth about $31,000. Hazlett Burt & Watson Inc. boosted its position in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after buying an additional 38 shares during the period. Sound Income Strategies LLC grew its stake in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global in the fourth quarter worth approximately $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Up 1.6 %

NYSE SPGI opened at $465.14 on Friday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The company has a fifty day simple moving average of $504.81 and a two-hundred day simple moving average of $506.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $145.98 billion, a P/E ratio of 37.66, a P/E/G ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the business posted $3.13 earnings per share. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 31.09%.

Analysts Set New Price Targets

A number of analysts recently issued reports on SPGI shares. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Oppenheimer lowered their price target 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. UBS Group lifted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley upped their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $595.14.

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.