Bank Pictet & Cie Europe AG Has $37.09 Million Stake in S&P Global Inc. (NYSE:SPGI)
Bank Pictet & Cie Europe AG boosted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,479 shares of the business services provider's stock after buying an additional 2,413 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in S&P Global were worth $37,093,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services acquired a new position in S&P Global in the third quarter worth $29,000. Capital Performance Advisors LLP acquired a new position in S&P Global in the third quarter worth $31,000. Voisard Asset Management Group Inc. boosted its stake in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC boosted its stake in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.
A number of research firms have commented on SPGI. JPMorgan Chase & Co. reduced their price objective on S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday. Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, BMO Capital Markets boosted their price objective on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $587.92.
View Our Latest Report on S&P Global
NYSE SPGI opened at $539.77 on Friday. The stock has a 50-day simple moving average of $506.92 and a 200 day simple moving average of $506.78. The company has a market capitalization of $167.49 billion, a PE ratio of 47.64, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period in the prior year, the firm earned $3.13 earnings per share. Research analysts forecast that S&P Global Inc. will post 15.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is currently 32.13%.
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.
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