Nisa Investment Advisors LLC Boosts Stock Position in S&P Global Inc. $SPGI

Nisa Investment Advisors LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 135.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 188,922 shares of the business services provider’s stock after purchasing an additional 108,546 shares during the quarter. S&P Global comprises about 0.4% of Nisa Investment Advisors LLC’s holdings, making the stock its 29th largest position. Nisa Investment Advisors LLC owned 0.06% of S&P Global worth $99,617,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock worth $2,139,000 after buying an additional 708 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of S&P Global by 543.9% in the first quarter. Golden State Wealth Management LLC now owns 631 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 533 shares during the period. Sequoia Financial Advisors LLC grew its stake in S&P Global by 19.6% during the first quarter. Sequoia Financial Advisors LLC now owns 7,003 shares of the business services provider’s stock valued at $3,558,000 after acquiring an additional 1,148 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its holdings in S&P Global by 11.0% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 704 shares of the business services provider’s stock worth $358,000 after acquiring an additional 70 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup raised their price target on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Wells Fargo & Company lifted their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Evercore ISI raised their price target on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $614.23.

S&P Global Trading Up 1.3%

Shares of SPGI stock opened at $489.02 on Friday. The business has a 50-day moving average price of $514.03 and a two-hundred day moving average price of $514.31. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market cap of $149.30 billion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 29.54%.

About S&P Global

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.