Banque Pictet & Cie SA Has $8.63 Million Stock Holdings in S&P Global Inc. $SPGI

Banque Pictet & Cie SA increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,357 shares of the business services provider’s stock after acquiring an additional 210 shares during the quarter. Banque Pictet & Cie SA’s holdings in S&P Global were worth $8,625,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of S&P Global by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock valued at $15,130,711,000 after buying an additional 108,729 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of S&P Global by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock worth $1,618,934,000 after purchasing an additional 114,843 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after acquiring an additional 614,809 shares during the period. Goldman Sachs Group Inc. raised its position in S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock worth $1,403,468,000 after purchasing an additional 97,324 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of S&P Global during the first quarter worth about $1,103,665,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Oppenheimer lifted their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. BMO Capital Markets increased 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. Citigroup upped their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Morgan Stanley increased their price target on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and a consensus target price of $614.46.

S&P Global Stock Down 1.2%

SPGI opened at $484.79 on Friday. The company has a market cap of $148.01 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.63 and a beta of 1.20. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $540.46 and a 200 day moving average of $514.94.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the firm posted $4.04 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is presently 29.54%.

S&P Global 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.