Thrivent Financial for Lutherans decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,270 shares of the business services provider's stock after selling 1,101 shares during the period. Thrivent Financial for Lutherans' holdings in S&P Global were worth $22,058,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Human Investing LLC bought a new position in S&P Global in the fourth quarter worth $30,000. Noble Wealth Management PBC bought a new position in S&P Global during the 4th quarter valued at approximately $31,000. Dunhill Financial LLC raised its stake in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock valued at $36,000 after buying an additional 34 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after acquiring an additional 63 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Stock Performance
S&P Global stock traded up $9.89 during trading on Tuesday, reaching $513.83. The company had a trading volume of 1,350,988 shares, compared to its average volume of 1,155,440. The firm's 50-day simple moving average is $514.28 and its 200 day simple moving average is $510.31. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $158.16 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.
S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company posted $3.13 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
S&P Global Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's dividend payout ratio is 31.09%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on SPGI shares. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. Morgan Stanley increased their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $590.86.
Check Out Our Latest Stock Report on S&P Global
About S&P Global
(
Free Report)
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.
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