Generali Asset Management SPA SGR Has $16.37 Million Holdings in S&P Global Inc. $SPGI

Key Points

• Generali Asset Management SPA SGR reduced its stake in S&P Global Inc. by 6.8%, holding 31,051 shares valued at $16.37 million after selling 2,254 shares during the second quarter.
• Research analysts have consistently upgraded their ratings for S&P Global, with Citigroup raising the target price from $600 to $635 and several firms giving it a "buy" rating.
• S&P Global declared a quarterly dividend of $0.96 per share, which will be paid on December 10th, representing an annualized payout of $3.84 and a yield of 0.8%.

Generali Asset Management SPA SGR trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,051 shares of the business services provider's stock after selling 2,254 shares during the quarter. Generali Asset Management SPA SGR's holdings in S&P Global were worth $16,373,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SPGI. Costello Asset Management INC purchased a new stake in shares of S&P Global in the first quarter valued at $26,000. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global during the second quarter valued at $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the 1st quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after acquiring an additional 31 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Citigroup lifted their target price on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research note on Monday, September 15th. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of S&P Global in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Seaport Res Ptn raised shares of S&P Global to a "strong-buy" rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat, S&P Global has an average rating of "Buy" and an average price target of $615.69.

S&P Global Price Performance

Shares of SPGI opened at $486.76 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $148.61 billion, a PE ratio of 37.44, a PEG ratio of 2.54 and a beta of 1.19. The firm's 50 day moving average price is $526.73 and its 200 day moving average price is $513.98. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. As a group, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. 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.

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