Thrivent Financial for Lutherans Boosts Position in S&P Global Inc. (NYSE:SPGI)

Thrivent Financial for Lutherans lifted its position in S&P Global Inc. (NYSE:SPGI) by 208.8% in the third quarter, HoldingsChannel reports. The firm owned 45,371 shares of the business services provider’s stock after buying an additional 30,679 shares during the period. Thrivent Financial for Lutherans’ holdings in S&P Global were worth $23,440,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. HWG Holdings LP purchased a new stake in S&P Global in the second quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new stake in S&P Global in the 3rd quarter valued at about $27,000. Sachetta LLC lifted its position in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. First Personal Financial Services purchased a new position in S&P Global during the third quarter worth about $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global during the second quarter valued at about $31,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research analyst reports. Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price target on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Barclays increased their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Oppenheimer lifted their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Evercore ISI assumed coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Stock Performance

Shares of SPGI opened at $502.31 on Wednesday. The company has a market capitalization of $155.87 billion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 52-week low of $407.53 and a 52-week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $509.86 and a 200 day moving average price of $480.77.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Research analysts predict that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.