Deutsche Bank AG Has $550.38 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Deutsche Bank AG reduced its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,105,114 shares of the business services provider's stock after selling 145,618 shares during the quarter. Deutsche Bank AG owned 0.36% of S&P Global worth $550,380,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Parkside Financial Bank & Trust raised its holdings in S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after acquiring an additional 20 shares in the last quarter. Personal CFO Solutions LLC raised its stake in shares of S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after purchasing an additional 20 shares in the last quarter. Anfield Capital Management LLC boosted its holdings in shares of S&P Global by 25.6% in the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after buying an additional 22 shares during the last quarter. Invenio Wealth Partners LLC grew its stake in shares of S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after buying an additional 22 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in S&P Global by 4.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock worth $265,000 after buying an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

S&P Global stock traded down $0.17 during midday trading on Friday, hitting $507.44. The company's stock had a trading volume of 941,827 shares, compared to its average volume of 1,223,689. The company has a 50-day moving average price of $486.24 and a two-hundred day moving average price of $501.53. S&P Global Inc. has a 1-year low of $419.49 and a 1-year high of $545.39. The company has a market cap of $155.63 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.01 earnings per share. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, May 28th. S&P Global's payout ratio is currently 30.16%.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SPGI shares. BMO Capital Markets lifted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Morgan Stanley boosted their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Stifel Nicolaus reduced their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company boosted their target price on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, UBS Group raised their price target on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $592.71.

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.