Generali Investments Management Co LLC Invests $604,000 in S&P Global Inc. (NYSE:SPGI)

Generali Investments Management Co LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,212 shares of the business services provider's stock, valued at approximately $604,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of S&P Global in the 4th quarter valued at $527,207,000. Proficio Capital Partners LLC lifted its holdings in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after purchasing an additional 618,620 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in S&P Global during the 3rd quarter valued at approximately $224,976,000. FMR LLC raised its stake in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in S&P Global during the 4th quarter valued at approximately $144,091,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI traded up $0.42 during trading hours on Friday, reaching $497.62. The stock had a trading volume of 2,603,895 shares, compared to its average volume of 1,154,869. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day simple moving average of $513.85 and a 200 day simple moving average of $510.42. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The stock has a market cap of $153.17 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

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S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate 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 previous year, the business earned $3.13 earnings per share. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, February 26th. 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%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPGI. StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Wells Fargo & Company increased their price objective on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. UBS Group increased their price objective on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $590.86.

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.