Pictet North America Advisors SA Sells 1,479 Shares of S&P Global Inc. (NYSE:SPGI)

Pictet North America Advisors SA trimmed its position in S&P Global Inc. (NYSE:SPGI) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,236 shares of the business services provider’s stock after selling 1,479 shares during the period. S&P Global accounts for 1.3% of Pictet North America Advisors SA’s investment portfolio, making the stock its 22nd biggest position. Pictet North America Advisors SA’s holdings in S&P Global were worth $13,564,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPGI. V Square Quantitative Management LLC raised its position in S&P Global by 1.5% in the 4th quarter. V Square Quantitative Management LLC now owns 6,426 shares of the business services provider’s stock worth $3,200,000 after purchasing an additional 92 shares during the period. Bogart Wealth LLC increased its position in shares of S&P Global by 8.1% in the fourth quarter. Bogart Wealth LLC now owns 18,368 shares of the business services provider’s stock valued at $9,148,000 after acquiring an additional 1,370 shares during the period. Catalyst Financial Partners LLC boosted its stake in shares of S&P Global by 4.1% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,273 shares of the business services provider’s stock valued at $634,000 after purchasing an additional 50 shares in the last quarter. Attessa Capital LLC bought a new stake in shares of S&P Global during the 4th quarter valued at about $377,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of S&P Global by 0.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 153,466 shares of the business services provider’s stock valued at $77,009,000 after purchasing an additional 1,432 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 2.1 %

Shares of SPGI stock opened at $542.44 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $168.32 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a 50-day moving average of $506.35 and a two-hundred day moving average of $506.53. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $542.77.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same period last year, the business earned $3.13 earnings per share. On average, analysts predict that S&P Global Inc. will post 15.34 EPS for the current year.

S&P Global Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Oppenheimer reduced their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Evercore ISI increased their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $587.92.

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.