Nisa Investment Advisors LLC Sells 900 Shares of S&P Global Inc (SPGI)

Nisa Investment Advisors LLC lessened its stake in S&P Global Inc (NYSE:SPGI) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 78,879 shares of the business services provider’s stock after selling 900 shares during the period. Nisa Investment Advisors LLC’s holdings in S&P Global were worth $16,608,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc grew its stake in shares of S&P Global by 1.0% during the third quarter. Vanguard Group Inc now owns 20,446,977 shares of the business services provider’s stock worth $3,995,135,000 after purchasing an additional 195,642 shares in the last quarter. Lunia Capital LP lifted its position in S&P Global by 31,814.2% in the fourth quarter. Lunia Capital LP now owns 19,336,793 shares of the business services provider’s stock valued at $19,337,000 after acquiring an additional 19,276,203 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in S&P Global by 7,358.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 5,345,720 shares during the last quarter. Jennison Associates LLC lifted its position in S&P Global by 38.0% in the fourth quarter. Jennison Associates LLC now owns 4,214,877 shares of the business services provider’s stock valued at $716,276,000 after acquiring an additional 1,159,521 shares during the last quarter. Finally, Northern Trust Corp lifted its position in S&P Global by 5.8% in the fourth quarter. Northern Trust Corp now owns 3,095,285 shares of the business services provider’s stock valued at $526,013,000 after acquiring an additional 168,999 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.

Shares of SPGI opened at $213.12 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.37 and a debt-to-equity ratio of 11.03. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $222.00. The stock has a market cap of $52.86 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.37 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.01). The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 earnings per share. Equities analysts anticipate that S&P Global Inc will post 9.03 EPS for the current year.

A number of brokerages recently weighed in on SPGI. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley set a $226.00 price target on shares of S&P Global and gave the company a “hold” rating in a research report on Friday, May 3rd. UBS Group upped their target price on shares of S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Raymond James upped their target price on shares of S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, Piper Jaffray Companies upped their target price on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $215.18.

In related news, SVP Nancy Luquette sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $216.85, for a total transaction of $477,070.00. Following the sale, the senior vice president now owns 2,340 shares in the company, valued at $507,429. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total transaction of $350,570.34. Following the sale, the chief executive officer now owns 17,354 shares in the company, valued at approximately $3,396,871.96. The disclosure for this sale can be found here. Insiders sold 33,346 shares of company stock worth $6,900,729 over the last quarter. Company insiders own 0.20% of the company’s stock.

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S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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