DekaBank Deutsche Girozentrale Purchases 15,742 Shares of S&P Global Inc. (NYSE:SPGI)

DekaBank Deutsche Girozentrale lifted its position in S&P Global Inc. (NYSE:SPGI) by 8.0% in the 2nd quarter, Holdings Channel reports. The fund owned 213,499 shares of the business services provider’s stock after acquiring an additional 15,742 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in S&P Global were worth $95,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Private Wealth Management Group LLC purchased a new position in S&P Global in the fourth quarter worth about $26,000. Pineridge Advisors LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at about $26,000. Sachetta LLC boosted its holdings in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of S&P Global in the second quarter worth approximately $31,000. Finally, First Pacific Financial lifted its position in S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.1 %

S&P Global stock opened at $519.45 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm has a market cap of $162.59 billion, a P/E ratio of 58.23, a P/E/G ratio of 2.68 and a beta of 1.17. The business has a fifty day moving average of $493.49 and a two-hundred day moving average of $451.60. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $524.14.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.12 EPS. On average, analysts forecast that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were paid a $0.91 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SPGI. BMO Capital Markets upped their price objective on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Oppenheimer lifted their price target on shares of S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Bank of America increased their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $540.25.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at $715,205.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is owned by company insiders.

S&P Global Company Profile

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 through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.