Commerzbank Aktiengesellschaft FI lessened its stake in shares of S&P Global Inc (NYSE:SPGI) by 39.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,045 shares of the business services provider’s stock after selling 1,963 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in S&P Global were worth $621,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Global X Management Co. LLC raised its position in shares of S&P Global by 16.0% during the 1st quarter. Global X Management Co. LLC now owns 2,794 shares of the business services provider’s stock worth $534,000 after buying an additional 385 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of S&P Global during the 1st quarter worth about $347,000. Boston Partners bought a new stake in shares of S&P Global during the 1st quarter worth about $26,224,000. ETRADE Capital Management LLC raised its position in shares of S&P Global by 26.7% during the 1st quarter. ETRADE Capital Management LLC now owns 2,608 shares of the business services provider’s stock worth $498,000 after buying an additional 550 shares in the last quarter. Finally, ING Groep NV raised its position in shares of S&P Global by 5.0% during the 1st quarter. ING Groep NV now owns 35,588 shares of the business services provider’s stock worth $6,799,000 after buying an additional 1,696 shares in the last quarter. 83.57% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Atlantic Securities downgraded shares of S&P Global from an “overweight” rating to a “neutral” rating in a research report on Wednesday, August 1st. Morgan Stanley boosted their target price on shares of S&P Global from $217.00 to $219.00 and gave the stock an “equal weight” rating in a report on Friday, July 27th. BMO Capital Markets boosted their target price on shares of S&P Global from $209.00 to $214.00 and gave the stock a “market perform” rating in a report on Friday, July 27th. Stifel Nicolaus boosted their target price on shares of S&P Global from $186.00 to $214.00 and gave the stock a “hold” rating in a report on Friday, July 27th. Finally, Zacks Investment Research downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. S&P Global has a consensus rating of “Buy” and a consensus target price of $202.93.

NYSE SPGI opened at $206.88 on Monday. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.27 and a current ratio of 1.27. S&P Global Inc has a 12 month low of $150.34 and a 12 month high of $217.31. The company has a market capitalization of $52.03 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 26th. The business services provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a net margin of 25.95% and a return on equity of 333.87%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.72 EPS. research analysts expect that S&P Global Inc will post 8.54 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Tuesday, August 28th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, August 27th. S&P Global’s dividend payout ratio (DPR) is currently 29.03%.

In other news, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total value of $805,080.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Nancy Luquette sold 508 shares of S&P Global stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $208.50, for a total transaction of $105,918.00. Following the completion of the transaction, the senior vice president now directly owns 881 shares in the company, valued at $183,688.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,858 shares of company stock worth $982,171. 0.20% of the stock is currently owned by insiders.

About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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