Thrivent Financial for Lutherans Purchases 5,653 Shares of S&P Global Inc. $SPGI

Thrivent Financial for Lutherans grew its position in S&P Global Inc. (NYSE:SPGI) by 9.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,129 shares of the business services provider’s stock after acquiring an additional 5,653 shares during the period. Thrivent Financial for Lutherans’ holdings in S&P Global were worth $33,801,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Emerald Advisers LLC lifted its stake in S&P Global by 2.0% in the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 18 shares during the last quarter. Fullcircle Wealth LLC raised its stake in S&P Global by 1.0% in the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after buying an additional 18 shares during the period. Summitry LLC lifted its position in shares of S&P Global by 2.1% in the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after buying an additional 18 shares during the last quarter. Hamilton Capital LLC lifted its position in shares of S&P Global by 4.5% in the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after buying an additional 18 shares during the last quarter. Finally, Sand Hill Global Advisors LLC boosted its stake in shares of S&P Global by 3.1% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after acquiring an additional 19 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Wells Fargo & Company lifted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Evercore ISI increased their price objective on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, Stifel Nicolaus reduced their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $614.93.

S&P Global Stock Down 0.4%

SPGI stock opened at $499.23 on Tuesday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $151.17 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 2.60 and a beta of 1.19. The business’s fifty day moving average price is $490.57 and its two-hundred day moving average price is $514.57.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $1.87 billion for the quarter. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

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.