Generali Asset Management SPA SGR Invests $18.82 Million in S&P Global Inc. (NYSE:SPGI)

Generali Asset Management SPA SGR acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,782 shares of the business services provider's stock, valued at approximately $18,817,000.

A number of other large investors also recently modified their holdings of SPGI. Human Investing LLC bought a new position in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the 4th quarter worth about $31,000. Dunhill Financial LLC raised its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after purchasing an additional 34 shares in the last quarter. Sound Income Strategies LLC raised its stake in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after purchasing an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in S&P Global in the 4th quarter worth about $40,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SPGI shares. UBS Group upped their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company increased their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 price objective on the stock. Finally, Evercore ISI increased their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $590.86.

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S&P Global Stock Up 0.1 %

SPGI stock traded up $0.42 during trading on Friday, reaching $497.62. 2,603,895 shares of the company traded hands, compared to its average volume of 1,156,171. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The business has a 50 day simple moving average of $513.85 and a 200 day simple moving average of $510.42. The company has a market capitalization of $153.17 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the prior year, the business earned $3.13 earnings per share. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is 31.09%.

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.