142,027 S&P Global Inc. $SPGI Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in S&P Global Inc. (NYSE:SPGI) by 84.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 310,605 shares of the business services provider’s stock after acquiring an additional 142,027 shares during the period. Pictet Asset Management Holding SA’s holdings in S&P Global were worth $122,478,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SPGI. Bank of America Corp DE bought a new position in shares of S&P Global in the second quarter valued at approximately $865,892,000. EdgePoint Investment Group Inc. bought a new stake in shares of S&P Global during the 1st quarter worth $702,911,000. Soroban Capital Partners LP boosted its holdings in shares of S&P Global by 260.3% during the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after buying an additional 1,219,990 shares during the period. Veritas Asset Management LLP acquired a new position in S&P Global in the 2nd quarter valued at $338,274,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in S&P Global in the 2nd quarter valued at $164,700,000. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 0.0%

Shares of S&P Global stock opened at $468.02 on Monday. The firm has a market capitalization of $135.68 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.74 and a quick ratio of 0.74. The company’s fifty day moving average price is $425.44 and its two-hundred day moving average price is $429.97. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $552.25.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.15. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the firm posted $4.73 EPS. S&P Global’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts expect that S&P Global Inc. will post 17.89 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is 23.14%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research report on Friday, October 2nd. Zacks Research upgraded shares of S&P Global from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Stifel Nicolaus raised their price target on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Robert W. Baird set a $513.00 price target on S&P Global in a research report on Wednesday, September 2nd. Finally, BMO Capital Markets dropped their price objective on S&P Global from $505.00 to $500.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 13th. Eighteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $523.35.

S&P Global Profile

S&P Global Inc provides financial information, credit ratings, benchmarks, analytics and data to businesses, governments and investors around the world. Its services include credit ratings and research through S&P Global Ratings, financial data and analytics through S&P Global Market Intelligence, and information and benchmarks for energy and commodities markets through S&P Global Commodity Insights.

The company also develops market indices through S&P Dow Jones Indices, a joint venture in which S&P Global is the majority owner, and provides data and analytics for the automotive industry through S&P Global Mobility.