Banque Pictet & Cie SA Has $8.74 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Banque Pictet & Cie SA decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,555 shares of the business services provider’s stock after selling 1,050 shares during the quarter. Banque Pictet & Cie SA’s holdings in S&P Global were worth $8,743,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in shares of S&P Global by 163.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 139 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of S&P Global in the 3rd quarter worth $263,000. Creative Planning boosted its position in shares of S&P Global by 13.0% in the 3rd quarter. Creative Planning now owns 51,561 shares of the business services provider’s stock worth $26,638,000 after purchasing an additional 5,913 shares during the last quarter. Swedbank AB boosted its position in shares of S&P Global by 11.8% in the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after purchasing an additional 92,115 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in shares of S&P Global by 3.5% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,040 shares of the business services provider’s stock worth $537,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPGI. Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com upgraded S&P Global from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer dropped 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. Finally, Stifel Nicolaus raised their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $587.92.

S&P Global Trading Up 2.1 %

S&P Global stock opened at $542.44 on Friday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $542.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $168.32 billion, a P/E ratio of 47.88, a PEG ratio of 2.39 and a beta of 1.20. The stock has a 50-day simple moving average of $506.35 and a 200 day simple moving average of $506.53.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm earned $3.13 earnings per share. Analysts expect that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 32.13%.

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.