Meitav Dash Investments Ltd. Sells 1,379 Shares of S&P Global Inc. (NYSE:SPGI)

Meitav Dash Investments Ltd. cut its holdings in S&P Global Inc. (NYSE:SPGIGet Rating) by 11.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,655 shares of the business services provider’s stock after selling 1,379 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in S&P Global were worth $4,423,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in S&P Global by 7.3% during the 4th quarter. BlackRock Inc. now owns 18,812,872 shares of the business services provider’s stock valued at $8,878,360,000 after purchasing an additional 1,277,266 shares during the last quarter. State Street Corp lifted its stake in S&P Global by 3.5% during the 4th quarter. State Street Corp now owns 11,274,079 shares of the business services provider’s stock valued at $5,320,576,000 after acquiring an additional 381,402 shares during the period. Capital World Investors lifted its stake in S&P Global by 7.1% during the 4th quarter. Capital World Investors now owns 5,955,180 shares of the business services provider’s stock valued at $2,810,428,000 after acquiring an additional 395,484 shares during the period. Capital International Investors lifted its stake in S&P Global by 2.3% during the 4th quarter. Capital International Investors now owns 5,758,638 shares of the business services provider’s stock valued at $2,717,673,000 after acquiring an additional 128,640 shares during the period. Finally, Geode Capital Management LLC lifted its stake in S&P Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 4,412,376 shares of the business services provider’s stock valued at $2,077,459,000 after acquiring an additional 109,110 shares during the period. 94.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of S&P Global from $472.00 to $414.00 and set an “outperform” rating on the stock in a research note on Thursday, June 2nd. UBS Group reduced their target price on shares of S&P Global from $441.00 to $407.00 and set a “buy” rating for the company in a report on Monday, June 6th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of S&P Global from $483.00 to $418.00 in a report on Thursday, June 2nd. Royal Bank of Canada reduced their target price on shares of S&P Global from $540.00 to $434.00 in a report on Thursday, June 2nd. Finally, Morgan Stanley cut their price objective on shares of S&P Global from $398.00 to $390.00 and set an “overweight” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $422.00.

Insiders Place Their Bets

In other S&P Global news, EVP Nancy Luquette sold 3,200 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total value of $1,175,968.00. Following the completion of the transaction, the executive vice president now owns 2,467 shares of the company’s stock, valued at $906,597.83. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Nancy Luquette sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the sale, the executive vice president now directly owns 2,467 shares of the company’s stock, valued at $906,597.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dimitra Manis sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $336.53, for a total value of $673,060.00. Following the sale, the executive vice president now directly owns 4,839 shares in the company, valued at $1,628,468.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,487 shares of company stock valued at $2,612,291. Insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $376.65 on Friday. The company has a market cap of $125.61 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 2.74 and a beta of 1.04. S&P Global Inc. has a twelve month low of $311.87 and a twelve month high of $484.21. The company has a quick ratio of 1.38, a current ratio of 1.26 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $345.78 and a two-hundred day moving average of $372.31.

S&P Global (NYSE:SPGIGet Rating) last announced its earnings results on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.12). The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3 billion. S&P Global had a net margin of 38.49% and a return on equity of 17.22%. S&P Global’s revenue was up 42.1% on a year-over-year basis. During the same quarter last year, the business earned $3.62 earnings per share. As a group, analysts predict that S&P Global Inc. will post 11.49 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Friday, August 26th will be issued a $0.85 dividend. The ex-dividend date is Thursday, August 25th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.90%. S&P Global’s dividend payout ratio is currently 25.34%.

About S&P Global

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S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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