S&P Global Inc. $SPGI Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,231,644 shares of the business services provider’s stock after purchasing an additional 274,285 shares during the period. Wellington Management Group LLP owned approximately 2.06% of S&P Global worth $3,033,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in SPGI. MTM Investment Management LLC acquired a new stake in S&P Global during the second quarter valued at approximately $27,000. J.Safra Asset Management Corp bought a new stake in S&P Global during the third quarter worth approximately $29,000. Howard Hughes Medical Institute acquired a new position in S&P Global in the second quarter worth approximately $36,000. First Pacific Financial grew its position in S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after buying an additional 25 shares during the last quarter. Finally, Ameriflex Group Inc. increased its holdings in shares of S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SPGI shares. Bank of America started coverage on S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective for the company. Wells Fargo & Company decreased their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Mizuho cut their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. Royal Bank Of Canada reduced their target price on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Finally, William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $562.67.

S&P Global Stock Up 0.6%

Shares of NYSE:SPGI opened at $422.42 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $126.22 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.86 and a beta of 1.23. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The firm has a 50 day simple moving average of $474.31 and a 200 day simple moving average of $494.10.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.02). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the firm posted $3.77 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s payout ratio is 26.48%.

About S&P Global

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.