S&P Global Inc. (NYSE:SPGI) Stock Position Raised by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 54.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,066 shares of the business services provider’s stock after purchasing an additional 25,400 shares during the period. Bank Pictet & Cie Europe AG’s holdings in S&P Global were worth $37,231,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. First National Corp MA ADV lifted its position in S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after buying an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its holdings in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after buying an additional 20 shares in the last quarter. Trust Point Inc. lifted its position in shares of S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after buying an additional 20 shares during the last quarter. Sapient Capital LLC lifted its position in shares of S&P Global by 2.5% in the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after buying an additional 21 shares during the last quarter. Finally, Chatham Capital Group Inc. boosted its stake in shares of S&P Global by 0.5% during the 2nd quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after acquiring an additional 21 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of SPGI stock opened at $513.52 on Wednesday. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $533.29. The company has a market capitalization of $160.68 billion, a P/E ratio of 57.57, a P/E/G ratio of 2.91 and a beta of 1.18. The stock has a 50 day moving average of $513.46 and a two-hundred day moving average of $469.72. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the previous year, the company earned $3.12 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. As a group, equities analysts expect that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SPGI. UBS Group boosted their target price on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Wells Fargo & Company upped their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Bank of America lifted their target price on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Oppenheimer upped their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $565.17.

Insiders Place Their Bets

In other news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Edouard Tavernier sold 500 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock worth $8,645,727 over the last quarter. Company insiders own 0.10% of the company’s stock.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.