Thrivent Financial for Lutherans Has $19.11 Million Stake in S&P Global Inc. $SPGI

Thrivent Financial for Lutherans trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 47.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 36,554 shares of the business services provider’s stock after selling 32,647 shares during the period. Thrivent Financial for Lutherans’ holdings in S&P Global were worth $19,106,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SPGI. J.Safra Asset Management Corp acquired a new stake in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Joseph Group Capital Management acquired a new stake in shares of S&P Global in the 4th quarter valued at approximately $29,000. North Star Investment Management Corp. boosted its stake in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palisade Asset Management LLC acquired a new stake in shares of S&P Global in the 3rd quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. boosted its stake in shares of S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SPGI shares. Bank of America started coverage on shares of S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target on the stock. UBS Group reduced their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Wells Fargo & Company reduced their price target on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Rothschild & Co Redburn reduced their price target on shares of S&P Global from $585.00 to $540.00 in a research note on Thursday, May 7th. Sixteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $550.00.

Insider Buying and Selling

In other S&P Global news, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the transaction, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of the stock in a transaction on Wednesday, April 29th. The shares were purchased at an average price of $429.93 per share, with a total value of $998,297.46. Following the acquisition, the chief executive officer owned 27,518 shares in the company, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 5,974 shares of company stock worth $2,576,775 in the last ninety days. Company insiders own 0.03% of the company’s stock.

S&P Global Stock Down 0.1%

NYSE:SPGI opened at $402.90 on Monday. The firm’s 50 day simple moving average is $427.94 and its 200 day simple moving average is $469.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company has a market cap of $119.26 billion, a PE ratio of 25.50, a P/E/G ratio of 1.72 and a beta of 1.11.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company earned $4.37 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, research analysts anticipate that S&P Global Inc. will post 19.59 earnings per share for the current year.

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.