Harel Insurance Investments & Financial Services Ltd. Acquires 1,475 Shares of S&P Global Inc. $SPGI

Harel Insurance Investments & Financial Services Ltd. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 131.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,599 shares of the business services provider’s stock after purchasing an additional 1,475 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in S&P Global were worth $1,263,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in S&P Global by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after buying an additional 315,916 shares in the last quarter. TCI Fund Management Ltd. grew its holdings in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after acquiring an additional 730,354 shares in the last quarter. Geode Capital Management LLC increased its position in shares of S&P Global by 0.6% in the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after acquiring an additional 42,724 shares during the last quarter. Norges Bank acquired a new stake in shares of S&P Global in the second quarter valued at about $2,188,945,000. Finally, Valeo Financial Advisors LLC raised its holdings in S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after acquiring an additional 3,163,938 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $546.25 on Monday. The company has a market cap of $165.40 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.33 and a beta of 1.21. The firm’s fifty day moving average price is $511.03 and its two-hundred day moving average price is $517.09. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm posted $3.89 EPS. S&P Global’s revenue was up 8.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SPGI shares. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. BMO Capital Markets set a $546.00 target price on shares of S&P Global in a research note on Friday, November 14th. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $615.64.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.