Generali Asset Management SPA SGR Has $18.25 Million Stake in S&P Global Inc. $SPGI

Generali Asset Management SPA SGR lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 20.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,494 shares of the business services provider’s stock after acquiring an additional 6,443 shares during the period. Generali Asset Management SPA SGR’s holdings in S&P Global were worth $18,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPGI. Daner Wealth Management LLC bought a new stake in S&P Global in the third quarter valued at $213,000. Financial Consulate Inc. bought a new stake in S&P Global in the 3rd quarter valued at about $416,000. Salomon & Ludwin LLC raised its stake in S&P Global by 710.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 162 shares of the business services provider’s stock worth $78,000 after buying an additional 142 shares during the period. Ninety One SA PTY Ltd boosted its holdings in S&P Global by 10.1% in the third quarter. Ninety One SA PTY Ltd now owns 12,612 shares of the business services provider’s stock worth $6,129,000 after acquiring an additional 1,161 shares in the last quarter. Finally, Ninety One UK Ltd grew its stake in S&P Global by 1.3% in the third quarter. Ninety One UK Ltd now owns 940,673 shares of the business services provider’s stock valued at $457,835,000 after acquiring an additional 12,114 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

NYSE SPGI opened at $522.63 on Friday. The company has a fifty day moving average price of $500.62 and a 200-day moving average price of $515.19. The firm has a market cap of $158.25 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 2.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $1.87 billion for the quarter. As a group, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research reports. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating and set a $640.00 price objective on shares of S&P Global in a report on Tuesday, December 16th. Citigroup raised their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Evercore ISI boosted their target price on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $614.93.

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.