TCW Group Inc. Has $165.22 Million Position in S&P Global Inc. (NYSE:SPGI)

Key Points

• TCW Group Inc. reduced its stake in S&P Global Inc. by 1.3%, selling 4,224 shares and now holding 325,175 shares valued at approximately $165.2 million.
• Research firms have varied target price updates for S&P Global, with Stifel Nicolaus reducing it to $603 while Wells Fargo raised it to $632, indicating a consensus rating of "Moderate Buy".
• S&P Global recently announced a quarterly dividend of $0.96 per share, scheduled for payment on September 10th, representing a 0.72% dividend yield.

TCW Group Inc. trimmed its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 325,175 shares of the business services provider's stock after selling 4,224 shares during the quarter. S&P Global comprises 1.5% of TCW Group Inc.'s portfolio, making the stock its 15th largest position. TCW Group Inc. owned about 0.11% of S&P Global worth $165,221,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global during the first quarter worth $28,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company's stock.

S&P Global Stock Performance

SPGI stock traded up $22.42 on Thursday, reaching $551.75. 1,255,770 shares of the company were exchanged, compared to its average volume of 1,280,907. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $558.86. The stock's fifty day moving average price is $519.19 and its 200 day moving average price is $508.18. The firm has a market capitalization of $169.22 billion, a PE ratio of 43.34, a PEG ratio of 2.56 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm posted $4.04 earnings per share. S&P Global's revenue was up 5.8% compared to the same quarter last year. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is currently 30.16%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SPGI shares. Wells Fargo & Company increased their price objective on shares of S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. upped their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Oppenheimer increased their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $601.07.

S&P Global 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.