Thrivent Financial for Lutherans Has $33.68 Million Holdings in S&P Global Inc. $SPGI

Thrivent Financial for Lutherans raised its stake in S&P Global Inc. (NYSE:SPGI) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,201 shares of the business services provider’s stock after buying an additional 5,072 shares during the quarter. Thrivent Financial for Lutherans’ holdings in S&P Global were worth $33,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MTM Investment Management LLC bought a new position in S&P Global during the 2nd quarter worth approximately $27,000. J.Safra Asset Management Corp bought a new position in shares of S&P Global during the third quarter worth $29,000. Spurstone Advisory Services LLC acquired a new position in shares of S&P Global in the 2nd quarter valued at $34,000. Howard Hughes Medical Institute bought a new stake in shares of S&P Global in the 2nd quarter valued at $36,000. Finally, First Pacific Financial increased its position in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research analyst reports. BMO Capital Markets set a $546.00 target price on S&P Global in a research note on Friday, November 14th. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating and issued a $640.00 price target on shares of S&P Global in a report on Tuesday, December 16th. Finally, Morgan Stanley upped their price objective on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $615.64.

S&P Global Trading Up 0.0%

S&P Global stock opened at $527.81 on Tuesday. The company has a market cap of $159.82 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 2.24 and a beta of 1.20. The firm has a 50-day moving average of $519.37 and a 200-day moving average of $517.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is currently 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.