S&P Global Inc. (NYSE:SPGI) Shares Bought by Pictet North America Advisors SA

Pictet North America Advisors SA raised its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,403 shares of the business services provider's stock after purchasing an additional 1,167 shares during the quarter. S&P Global comprises 1.4% of Pictet North America Advisors SA's holdings, making the stock its 20th biggest position. Pictet North America Advisors SA's holdings in S&P Global were worth $14,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of S&P Global in the fourth quarter worth $1,725,084,000. GAMMA Investing LLC grew its position in S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after purchasing an additional 2,135,599 shares during the period. Raymond James Financial Inc. acquired a new stake in S&P Global during the 4th quarter worth about $527,207,000. Northern Trust Corp raised its stake in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after buying an additional 525,347 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of S&P Global in the 4th quarter valued at about $238,503,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Price Performance

SPGI traded down $3.64 on Wednesday, hitting $525.68. 917,676 shares of the company's stock were exchanged, compared to its average volume of 1,231,011. The stock has a market cap of $161.23 billion, a price-to-earnings ratio of 41.29, a P/E/G ratio of 2.57 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The firm has a 50-day moving average price of $509.23 and a 200-day moving average price of $503.75. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the previous year, the firm posted $4.01 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several analyst reports. Oppenheimer raised their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday. Stifel Nicolaus dropped their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company boosted their target price on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target on the stock. Finally, Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $593.57.

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.