S&P Global Inc. $SPGI Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its stake in S&P Global Inc. (NYSE:SPGI) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 921,675 shares of the business services provider’s stock after selling 129,886 shares during the period. Deutsche Bank AG owned about 0.31% of S&P Global worth $375,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dorsey Asset Management LLC acquired a new stake in S&P Global in the first quarter valued at approximately $94,716,000. Troy Asset Management Ltd lifted its position in shares of S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after buying an additional 8,652 shares in the last quarter. Capital International Inc. CA lifted its position in shares of S&P Global by 11.6% during the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after buying an additional 7,343 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in S&P Global by 6.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock valued at $107,480,000 after acquiring an additional 11,843 shares during the period. Finally, ABN Amro Investment Solutions increased its holdings in S&P Global by 6.3% in the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock worth $79,060,000 after acquiring an additional 8,997 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $410.48 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $121.01 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The firm’s 50-day moving average is $422.40 and its two-hundred day moving average is $427.58. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $559.60.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the company posted $4.43 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is currently 23.69%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SPGI shares. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research report on Saturday, July 4th. The Goldman Sachs Group dropped their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Rothschild & Co Redburn reduced their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Finally, UBS Group decreased their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.