DekaBank Deutsche Girozentrale Lowers Stock Holdings in S&P Global Inc. (NYSE:SPGI)

DekaBank Deutsche Girozentrale reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 197,757 shares of the business services provider's stock after selling 23,546 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.06% of S&P Global worth $98,578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SPGI. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the fourth quarter worth approximately $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global during the fourth quarter worth $27,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global during the first quarter worth $28,000. Hazlett Burt & Watson Inc. raised its stake in shares of S&P Global by 131.0% in 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. Finally, Alpine Bank Wealth Management bought a new stake in shares of S&P Global in the first quarter valued at $33,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group lifted their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday. Stifel Nicolaus cut their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company boosted their target price on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Robert W. Baird lowered their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Bank of America assumed coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $596.79.

S&P Global Stock Performance

Shares of SPGI stock traded down $2.78 on Friday, hitting $527.05. The company had a trading volume of 816,683 shares, compared to its average volume of 1,228,601. The firm has a market cap of $161.65 billion, a P/E ratio of 41.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The company has a 50-day moving average price of $515.64 and a 200-day moving average price of $505.48. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. S&P Global's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.01 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is 30.16%.

Insider Buying and Selling

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

About S&P Global

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.