O Brien Greene & Co. Inc Boosts Stake in S&P Global Inc. (NYSE:SPGI)

O Brien Greene & Co. Inc raised its position in S&P Global Inc. (NYSE:SPGI) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,149 shares of the business services provider’s stock after purchasing an additional 1,037 shares during the quarter. S&P Global accounts for approximately 2.7% of O Brien Greene & Co. Inc’s holdings, making the stock its 13th biggest holding. O Brien Greene & Co. Inc’s holdings in S&P Global were worth $8,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Pineridge Advisors LLC bought a new position in shares of S&P Global during the fourth quarter valued at approximately $26,000. Sachetta LLC boosted its stake in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in shares of S&P Global during the second quarter valued at approximately $31,000. First Pacific Financial boosted its stake in shares of S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 24 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new position in shares of S&P Global during the fourth quarter valued at approximately $36,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Edouard Tavernier sold 500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,862 shares of company stock valued at $8,645,727. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group lifted their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Oppenheimer lifted their price target on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Bank of America lifted their price target on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $548.18.

S&P Global Stock Down 0.9 %

Shares of NYSE SPGI opened at $522.41 on Wednesday. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $528.02. The stock has a market cap of $163.46 billion, a PE ratio of 58.57, a P/E/G ratio of 2.68 and a beta of 1.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $496.16 and a 200 day moving average of $453.28.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the prior year, the company posted $3.12 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, sell-side analysts predict that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. S&P Global’s payout ratio is currently 40.81%.

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.