Pictet North America Advisors SA Sells 1,732 Shares of S&P Global Inc. $SPGI

Key Points

• Pictet North America Advisors SA reduced its stake in S&P Global Inc. by 6.1%, selling 1,732 shares and now holding 26,671 shares valued at approximately $14.06 million.
• Equities analysts are bullish on S&P Global, with multiple firms raising their target prices, and the current consensus target price is $614.46, with an average rating of "Buy."
• S&P Global has announced a quarterly dividend of $0.96 per share, which will be paid on December 10, 2023, contributing to an annualized yield of 0.8%.

Pictet North America Advisors SA decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,671 shares of the business services provider's stock after selling 1,732 shares during the quarter. S&P Global accounts for 1.4% of Pictet North America Advisors SA's portfolio, making the stock its 21st biggest holding. Pictet North America Advisors SA's holdings in S&P Global were worth $14,063,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cheviot Value Management LLC bought a new stake in S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC purchased a new position in shares of S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global in the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global in the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares during the period. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Barclays lifted their target price on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Oppenheimer lifted 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, July 2nd. Finally, BMO Capital Markets lifted their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $614.46.

S&P Global Trading Down 0.2%

SPGI opened at $506.13 on Tuesday. The firm has a market cap of $154.52 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 2.71 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a fifty day moving average price of $542.48 and a 200-day moving average price of $515.27.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio is currently 29.54%.

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.

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