Wellington Management Group LLP Cuts Stake in S&P Global Inc. (NYSE:SPGI)

Wellington Management Group LLP lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,791,081 shares of the business services provider’s stock after selling 1,077,294 shares during the period. S&P Global makes up about 0.7% of Wellington Management Group LLP’s portfolio, making the stock its 23rd biggest holding. Wellington Management Group LLP owned about 2.53% of S&P Global worth $3,880,192,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SPGI. Headinvest LLC boosted its stake in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares during the last quarter. EWA LLC raised its holdings in shares of S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after acquiring an additional 20 shares during the period. Continuum Advisory LLC boosted its position in shares of S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after acquiring an additional 20 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares during the period. Finally, Personal CFO Solutions LLC grew its holdings in shares of S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $502.33 on Monday. The company has a market cap of $157.65 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a fifty day simple moving average of $515.20 and a two-hundred day simple moving average of $510.10.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the business posted $3.13 earnings per share. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.76%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPGI. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Wells Fargo & Company upped their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. UBS Group upped their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $590.86.

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.