S&P Global Inc. (NYSE:SPGI) Stock Position Increased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,905 shares of the business services provider's stock after acquiring an additional 22,183 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of S&P Global worth $99,061,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Human Investing LLC acquired a new position in shares of S&P Global during the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new position in S&P Global in the 4th quarter worth $31,000. Dunhill Financial LLC grew its stake in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock valued at $36,000 after purchasing an additional 34 shares in the last quarter. Sound Income Strategies LLC boosted its stake in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after acquiring an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in S&P Global in the fourth quarter valued at about $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI traded up $2.42 on Tuesday, hitting $510.52. 615,472 shares of the company's stock were exchanged, compared to its average volume of 1,219,083. The firm has a 50-day moving average price of $515.34 and a 200-day moving average price of $510.02. The stock has a market cap of $160.22 billion, a price-to-earnings ratio of 41.36, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39.

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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 14.33% and a net margin of 27.12%. During the same period in the prior year, the company posted $3.13 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global's payout ratio is presently 31.09%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SPGI. BMO Capital Markets increased their target price 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. 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. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Wells Fargo & Company boosted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price objective for the company. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $590.86.

S&P Global Company Profile

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.