Generali Investments CEE investicni spolecnost a.s. Purchases New Position in S&P Global Inc. $SPGI

Key Points

• Generali Investments CEE has acquired a new position in S&P Global Inc., purchasing 1,297 shares valued at approximately $684,000 during the second quarter.
• S&P Global reported a quarterly earnings per share of $4.43, surpassing analyst expectations, with a revenue of $3.76 billion, a 5.8% increase year-over-year.
• The company announced a dividend of $0.96 per share, with a dividend yield of 0.8%, to be paid on December 10th to investors of record.

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,297 shares of the business services provider's stock, valued at approximately $684,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of S&P Global by 0.4% during the first 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 valued at $1,618,934,000 after buying an additional 114,843 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of S&P Global by 26.4% during the first 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 buying an additional 614,809 shares during the period. Goldman Sachs Group Inc. grew its holdings in S&P Global by 3.7% in the first 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 period. Finally, Nuveen LLC purchased a new stake in S&P Global in the first quarter worth about $1,103,665,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 1.0%

Shares of SPGI stock opened at $486.45 on Wednesday. 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 firm's 50 day moving average is $538.44 and its 200 day moving average is $515.32. The stock has a market capitalization of $148.51 billion, a P/E ratio of 37.42, a P/E/G ratio of 2.63 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the company posted $4.04 earnings per share. 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. Research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SPGI. Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. upped their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Wells Fargo & Company upped their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. UBS Group upped their price objective 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. Finally, BMO Capital Markets upped their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $614.46.

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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