S&P Global Inc. $SPGI Shares Purchased by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management increased its S&P Global stake by 84.3% in the third quarter, adding 142,027 shares to own 310,605 shares valued at about $122.5 million. Institutional investors collectively held 87.17% of the company’s stock.
• S&P Global reported quarterly EPS of $4.58, above the $4.43 analyst consensus, while revenue of $3.68 billion rose 6.8% year over year. The company declared a quarterly dividend of $0.97 per share.
• Analysts’ consensus rating was “Moderate Buy,” with 18 Buy ratings and two Hold ratings; the average price target was $523.35.

Pictet Asset Management Holding SA lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 84.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 310,605 shares of the business services provider's stock after acquiring an additional 142,027 shares during the period. Pictet Asset Management Holding SA owned about 0.11% of S&P Global worth $122,478,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SPGI. Pingora Partners LLC acquired a new position in shares of S&P Global during the second quarter valued at $29,000. James T. Borello RIA bought a new position in shares of S&P Global during the third quarter worth about $36,000. WPG Advisers LLC grew its position in shares of S&P Global by 37.0% during the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider's stock worth $41,000 after acquiring an additional 27 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in shares of S&P Global by 225.8% in the 3rd quarter. Richardson Financial Services Inc. now owns 101 shares of the business services provider's stock worth $40,000 after acquiring an additional 70 shares during the period. Finally, Frazier Financial Advisors LLC increased its holdings in shares of S&P Global by 31.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider's stock worth $48,000 after acquiring an additional 27 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.0%

Shares of S&P Global stock opened at $468.02 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.54. The firm has a market cap of $135.68 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The business has a fifty day simple moving average of $425.44 and a 200-day simple moving average of $429.97. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.15. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the firm earned $4.73 EPS. The company's quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts forecast that S&P Global Inc. will post 17.89 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.8%. S&P Global's payout ratio is presently 23.14%.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Robert W. Baird set a $513.00 target price on shares of S&P Global in a research note on Wednesday, September 2nd. Evercore restated an "outperform" rating on shares of S&P Global in a research note on Wednesday, October 28th. Royal Bank Of Canada restated an "outperform" rating and issued a $510.00 price target on shares of S&P Global in a research note on Wednesday, August 26th. Mizuho cut their price target on S&P Global from $554.00 to $531.00 and set an "outperform" rating on the stock in a report on Monday, October 5th. Finally, BMO Capital Markets reduced their price objective on S&P Global from $505.00 to $500.00 and set an "outperform" rating for the company in a research report on Tuesday, October 13th. Eighteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $523.35.

About S&P Global

S&P Global Inc provides financial information, credit ratings, benchmarks, analytics and data to businesses, governments and investors around the world. Its services include credit ratings and research through S&P Global Ratings, financial data and analytics through S&P Global Market Intelligence, and information and benchmarks for energy and commodities markets through S&P Global Commodity Insights.

The company also develops market indices through S&P Dow Jones Indices, a joint venture in which S&P Global is the majority owner, and provides data and analytics for the automotive industry through S&P Global Mobility.

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