Bank Pictet & Cie Europe AG Has $37.09 Million Position in S&P Global Inc. (NYSE:SPGI)

Bank Pictet & Cie Europe AG boosted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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.

Several other hedge funds also recently made changes to their positions in the business. Trust Point Inc. raised its holdings in S&P Global by 1.4% during the 3rd 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 period. Headinvest LLC lifted its position in shares of S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider's stock valued at $515,000 after acquiring an additional 20 shares in the last quarter. EWA LLC boosted its stake in S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider's stock worth $254,000 after purchasing an additional 20 shares during the period. Continuum Advisory LLC grew its position in S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider's stock worth $788,000 after purchasing an additional 20 shares in the last quarter. Finally, Fullcircle Wealth LLC raised its stake in S&P Global by 1.2% during the 3rd quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider's stock valued at $872,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Down 0.2 %

NYSE:SPGI traded down $1.16 during trading hours on Wednesday, reaching $542.61. The company's stock had a trading volume of 1,745,125 shares, compared to its average volume of 1,362,022. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $167.02 billion, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 2.42 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The business's 50-day moving average is $508.53 and its 200-day moving average is $508.17.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the company earned $3.13 earnings per share. Equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.96 dividend. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global's dividend payout ratio (DPR) is currently 29.47%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SPGI shares. Stifel Nicolaus raised their target price on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Finally, BMO Capital Markets boosted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $590.23.

About S&P Global

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.