S&P Global Inc. $SPGI Shares Sold by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management reduced its stake in S&P Global by 6.7% in the fourth quarter, selling 2,497 shares and leaving it with 34,997 shares valued at about $18.3 million.
• Analysts remain bullish on SPGI overall: the stock has a consensus Buy rating, with 16 Buy ratings and a consensus price target of $550.63.
• S&P Global reported better-than-expected Q1 results, including EPS of $4.97 versus $4.82 expected and revenue of $4.17 billion, while insiders including the CEO and a director also bought shares recently.

Generali Asset Management SPA SGR lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,997 shares of the business services provider's stock after selling 2,497 shares during the quarter. Generali Asset Management SPA SGR's holdings in S&P Global were worth $18,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MGO One Seven LLC grew its position in shares of S&P Global by 50.5% during the fourth quarter. MGO One Seven LLC now owns 7,920 shares of the business services provider's stock worth $4,139,000 after acquiring an additional 2,658 shares during the last quarter. Maple Capital Management Inc. grew its position in S&P Global by 0.3% in the 4th quarter. Maple Capital Management Inc. now owns 43,224 shares of the business services provider's stock valued at $22,588,000 after buying an additional 119 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in S&P Global by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 9,547 shares of the business services provider's stock valued at $4,989,000 after buying an additional 871 shares during the last quarter. Indivisible Partners purchased a new position in S&P Global in the 4th quarter valued at $1,256,000. Finally, Swedbank AB lifted its holdings in S&P Global by 25.3% in the fourth quarter. Swedbank AB now owns 1,154,841 shares of the business services provider's stock valued at $603,508,000 after acquiring an additional 233,215 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on SPGI shares. Morgan Stanley raised their target price on S&P Global from $556.00 to $557.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. Stifel Nicolaus decreased their price objective on shares of S&P Global from $599.00 to $489.00 and set a "buy" rating on the stock in a research report on Wednesday, February 11th. Evercore cut their target price on shares of S&P Global from $625.00 to $560.00 and set an "outperform" rating for the company in a research note on Thursday, April 16th. BMO Capital Markets boosted their target price on shares of S&P Global from $482.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, March 17th. Finally, Barclays reaffirmed an "overweight" rating and set a $565.00 price objective on shares of S&P Global in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of "Buy" and a consensus price target of $550.63.

Insiders Place Their Bets

In related news, CEO Catherine R. Clay purchased 2,500 shares of the firm's stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the acquisition, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the firm's stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $434.03 per share, with a total value of $500,002.56. Following the acquisition, the director owned 1,152 shares in the company, valued at $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 5,974 shares of company stock worth $2,576,775 in the last 90 days. 0.03% of the stock is owned by company insiders.

S&P Global Stock Up 1.2%

Shares of NYSE:SPGI opened at $428.64 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The stock has a market capitalization of $126.88 billion, a P/E ratio of 27.13, a PEG ratio of 1.81 and a beta of 1.11. The stock has a 50-day simple moving average of $431.09 and a 200-day simple moving average of $472.16.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the previous year, the business earned $4.37 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts forecast that S&P Global Inc. will post 19.59 earnings per share for the current year.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.

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