Thrivent Financial for Lutherans increased its holdings in S&P Global Inc (NYSE:SPGI) by 1,450.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,302 shares of the business services provider’s stock after purchasing an additional 156,511 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of S&P Global worth $28,432,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $28,000. Moody National Bank Trust Division acquired a new stake in S&P Global in the 4th quarter valued at $29,000. Legacy Bridge LLC acquired a new stake in S&P Global in the 4th quarter valued at $30,000. Sontag Advisory LLC acquired a new stake in S&P Global in the 4th quarter valued at $31,000. Finally, Legacy Financial Advisors Inc. increased its stake in S&P Global by 157.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 203 shares of the business services provider’s stock valued at $34,000 after buying an additional 124 shares during the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on SPGI shares. UBS Group lifted their price objective on shares of S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Atlantic Securities raised shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price objective for the company in a research report on Friday, January 11th. Raymond James reduced their target price on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating for the company in a report on Tuesday, January 8th. Zacks Investment Research downgraded shares of S&P Global from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Finally, Morgan Stanley set a $193.00 target price on shares of S&P Global and gave the company a “hold” rating in a research report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. S&P Global has a consensus rating of “Hold” and a consensus price target of $212.18.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.02. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the firm posted $1.85 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts predict that S&P Global Inc will post 9.03 EPS for the current year.
In other S&P Global news, CFO Ewout L. Steenbergen sold 4,000 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $194.20, for a total transaction of $776,800.00. Following the transaction, the chief financial officer now owns 5,239 shares in the company, valued at $1,017,413.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $195.74, for a total transaction of $350,570.34. Following the completion of the sale, the chief executive officer now owns 17,354 shares of the company’s stock, valued at approximately $3,396,871.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,041 shares of company stock worth $3,805,815. 0.20% of the stock is owned by insiders.
S&P Global Profile
S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.
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