Wellington Management Group LLP Has $3.28 Billion Holdings in S&P Global Inc. $SPGI

Key Points

• Wellington Management Group LLP reduced its holdings in S&P Global by 17.3% during the first quarter, now owning approximately $3.28 billion worth of the company's stock.
• S&P Global has received mixed ratings from analysts, with price targets adjusted; most recently, shipments included a decrease by Stifel Nicolaus and an increase by BMO Capital Markets, leading to an average price target of $611.69.
• The company announced a quarterly dividend of $0.96 per share, scheduled for payment on September 10th, reflecting an annualized yield of 0.7%.

Wellington Management Group LLP lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 17.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,446,793 shares of the business services provider's stock after selling 1,344,288 shares during the quarter. Wellington Management Group LLP owned approximately 2.10% of S&P Global worth $3,275,616,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global during the fourth quarter worth approximately $25,000. Cheviot Value Management LLC bought a new stake in shares of S&P Global during the first quarter worth approximately $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global during the first quarter worth approximately $26,000. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global during the fourth quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global during the first quarter worth approximately $28,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

SPGI has been the subject of several recent research reports. Stifel Nicolaus cut their price target 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. Robert W. Baird cut their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets boosted their price target on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Barclays boosted their price target on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company boosted their price target on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $611.69.

S&P Global Stock Down 1.4%

NYSE SPGI opened at $556.11 on Monday. The business has a fifty day moving average price of $529.89 and a two-hundred day moving average price of $512.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock has a market capitalization of $169.78 billion, a PE ratio of 42.78, a PEG ratio of 2.98 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the company earned $4.04 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's dividend payout ratio is 29.54%.

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.

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