Wellington Management Group LLP Sells 735,171 Shares of S&P Global Inc. $SPGI

Wellington Management Group LLP trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 12.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,327,461 shares of the business services provider’s stock after selling 735,171 shares during the quarter. Wellington Management Group LLP owned approximately 1.81% of S&P Global worth $2,169,662,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. North Star Investment Management Corp. grew its position in S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares during the last quarter. Palladiem LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at $36,000. Pingora Partners LLC bought a new position in shares of S&P Global in the second quarter worth about $29,000. Palisade Asset Management LLC bought a new position in shares of S&P Global in the third quarter worth about $36,000. Finally, Swiss RE Ltd. purchased a new position in S&P Global in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.7%

Shares of NYSE:SPGI opened at $442.62 on Friday. The company has a market capitalization of $130.48 billion, a PE ratio of 27.02, a P/E/G ratio of 1.96 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $552.25. The business’s fifty day simple moving average is $424.57 and its 200-day simple moving average is $424.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the business posted $4.43 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is presently 23.69%.

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. Rothschild & Co Redburn decreased their price objective on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Mizuho raised their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Robert W. Baird decreased their price target on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Barclays lowered their price target on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Finally, Wall Street Zen raised S&P Global to a “hold” rating in a research note on Saturday, July 4th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $523.59.

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.