S&P Global Inc. (NYSE:SPGI) Holdings Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 208.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. HWG Holdings LP bought a new position in shares of S&P Global during the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the third quarter worth $27,000. Sachetta LLC raised its stake in shares of S&P Global by 103.4% during the 2nd 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 acquired a new position in S&P Global in the third quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of S&P Global in the 2nd quarter valued at $31,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.1 %

Shares of SPGI stock traded up $0.50 on Wednesday, hitting $502.81. The stock had a trading volume of 730,981 shares, compared to its average volume of 1,209,191. The stock's 50 day moving average is $509.86 and its 200-day moving average is $480.77. The firm has a market capitalization of $156.02 billion, a price-to-earnings ratio of 44.33, a P/E/G ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts' consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 EPS. As a group, research analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPGI. UBS Group boosted their price objective on S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Barclays lifted their price target 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. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company raised their target price on S&P Global from $575.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Finally, Oppenheimer increased their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average price target of $571.31.

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.