Harel Insurance Investments & Financial Services Ltd. Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Harel Insurance Investments & Financial Services Ltd. increased its position in S&P Global Inc. (NYSE:SPGI) by 203.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 562 shares of the business services provider’s stock after buying an additional 377 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in S&P Global were worth $280,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. HWG Holdings LP purchased a new stake in S&P Global during the 2nd quarter worth $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global in the third quarter worth about $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global in the third quarter valued at about $29,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the 3rd quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. lifted its position in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $513.64 on Friday. The stock has a market capitalization of $159.38 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The business’s fifty day moving average price is $505.03 and its 200 day moving average price is $502.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $3.21 EPS. Equities research analysts forecast that S&P Global Inc. will post 15.33 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Oppenheimer lowered their price objective 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. Morgan Stanley lifted their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Robert W. Baird upped their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

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.