Nisa Investment Advisors LLC Buys 108,546 Shares of S&P Global Inc. $SPGI

Nisa Investment Advisors LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 135.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,922 shares of the business services provider’s stock after buying an additional 108,546 shares during the period. S&P Global makes up approximately 0.4% of Nisa Investment Advisors LLC’s holdings, making the stock its 29th largest holding. Nisa Investment Advisors LLC’s holdings in S&P Global were worth $99,617,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Cheviot Value Management LLC purchased a new position in S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new position in shares of S&P Global in the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of S&P Global in the second quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global in the first quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

S&P Global stock opened at $489.02 on Friday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock has a market cap of $149.30 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.59 and a beta of 1.19. The stock’s 50 day simple moving average is $514.03 and its two-hundred day simple moving average is $514.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last released 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 return on equity of 15.11% and a net margin of 27.30%. As a group, analysts expect that S&P Global Inc. will post 17.11 earnings per share 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. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s payout ratio is 29.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. BMO Capital Markets cut their price target on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a report on Thursday, October 16th. Barclays raised their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. UBS Group upped their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Morgan Stanley increased their price objective on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of “Buy” and an average price target of $614.23.

S&P Global Company 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.