Thrivent Financial for Lutherans Increases Stake in S&P Global Inc (SPGI)

Thrivent Financial for Lutherans raised its stake in shares of S&P Global Inc (NYSE:SPGI) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,020 shares of the business services provider’s stock after buying an additional 400 shares during the period. Thrivent Financial for Lutherans’ holdings in S&P Global were worth $970,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SPGI. State Street Corp raised its position in shares of S&P Global by 5.8% in the fourth quarter. State Street Corp now owns 14,171,841 shares of the business services provider’s stock valued at $1,524,046,000 after buying an additional 772,003 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of S&P Global by 9.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 7,438,903 shares of the business services provider’s stock valued at $941,468,000 after buying an additional 623,963 shares in the last quarter. Independent Franchise Partners LLP raised its position in shares of S&P Global by 1.6% in the third quarter. Independent Franchise Partners LLP now owns 5,022,450 shares of the business services provider’s stock valued at $635,641,000 after buying an additional 80,629 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of S&P Global by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 4,207,718 shares of the business services provider’s stock valued at $532,935,000 after buying an additional 631,692 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in S&P Global by 2.1% in the third quarter. Principal Financial Group Inc. now owns 3,265,728 shares of the business services provider’s stock worth $413,311,000 after buying an additional 67,458 shares during the period. Institutional investors and hedge funds own 86.33% of the company’s stock.

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

S&P Global Inc (NYSE:SPGI) traded down 0.27% on Friday, reaching $131.52. The company’s stock had a trading volume of 1,274,221 shares. S&P Global Inc has a 12 month low of $97.65 and a 12 month high of $133.08. The firm has a 50 day moving average of $129.99 and a 200 day moving average of $122.62. The firm has a market cap of $33.98 billion, a price-to-earnings ratio of 16.56 and a beta of 1.49.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 7th. The business services provider reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. S&P Global had a return on equity of 297.85% and a net margin of 37.20%. The company earned $1.40 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts anticipate that S&P Global Inc will post $6.02 earnings per share for the current year.

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A number of equities research analysts have recently issued reports on SPGI shares. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Raymond James Financial, Inc. upgraded S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Monday. Piper Jaffray Companies restated an “overweight” rating and issued a $160.00 price target (up previously from $137.00) on shares of S&P Global in a research note on Thursday, February 9th. Barclays PLC restated an “overweight” rating and issued a $140.00 price target (up previously from $130.00) on shares of S&P Global in a research note on Thursday, February 9th. Finally, Cantor Fitzgerald set a $139.00 price target on S&P Global and gave the company a “buy” rating in a research note on Tuesday, February 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. S&P Global currently has an average rating of “Buy” and a consensus price target of $139.22.

In other S&P Global news, EVP Courtney Geduldig sold 3,724 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $124.97, for a total transaction of $465,388.28. Following the sale, the executive vice president now directly owns 5,541 shares in the company, valued at approximately $692,458.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John L. Berisford sold 28,603 shares of the stock in a transaction on Friday, February 24th. The shares were sold at an average price of $130.40, for a total value of $3,729,831.20. Following the sale, the insider now owns 46,863 shares in the company, valued at $6,110,935.20. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

S&P Global Company Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

5 Day Chart for NYSE:SPGI

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