S&P Global Inc. (NYSE:SPGI) Stock Holdings Boosted by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in S&P Global Inc. by 1.8%, holding approximately 1,125,449 shares valued at $571.84 million.
• Analysts have set new price targets for S&P Global, with ratings varying from a "hold" to a "strong buy", and the consensus target price currently at $611.69.
• S&P Global recently announced a quarterly dividend of $0.96, with an annualized yield of 0.7%, scheduled for payment on September 10th.

Deutsche Bank AG raised its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,125,449 shares of the business services provider's stock after acquiring an additional 20,335 shares during the quarter. Deutsche Bank AG owned approximately 0.37% of S&P Global worth $571,841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Minot DeBlois Advisors LLC purchased a new stake in shares of S&P Global during the fourth quarter worth about $25,000. Cheviot Value Management LLC purchased a new stake in shares of S&P Global during the first quarter worth about $26,000. Costello Asset Management INC purchased a new stake in shares of S&P Global during the first quarter worth about $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global during the fourth quarter worth about $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of S&P Global during the first quarter worth about $28,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPGI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Barclays boosted their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. BMO Capital Markets boosted their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Stifel Nicolaus lowered their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $611.69.

S&P Global Stock Down 0.4%

Shares of NYSE SPGI traded down $2.14 during trading on Friday, reaching $556.99. 820,714 shares of the stock were exchanged, compared to its average volume of 1,181,274. The company has a market capitalization of $170.05 billion, a price-to-earnings ratio of 42.85, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. The business's 50-day moving average price is $525.43 and its 200 day moving average price is $511.06. The company has a quick ratio of 0.90, a current ratio of 0.98 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 $566.42.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the company posted $4.04 earnings per share. The firm's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's dividend payout ratio is currently 29.54%.

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.