S&P Global Inc. (NYSE:SPGI) Shares Acquired by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc grew 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. The institutional investor owned 19,149 shares of the business services provider’s stock after purchasing an additional 1,037 shares during the quarter. S&P Global makes up 2.7% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 13th largest position. 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 have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its position in shares of S&P Global by 7.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,226 shares of the business services provider’s stock valued at $13,035,000 after buying an additional 1,951 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of S&P Global by 25.8% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 37,964 shares of the business services provider’s stock valued at $16,932,000 after buying an additional 7,780 shares during the last quarter. Argent Trust Co grew its position in S&P Global by 1.6% during the 2nd quarter. Argent Trust Co now owns 5,644 shares of the business services provider’s stock worth $2,517,000 after purchasing an additional 91 shares during the last quarter. Meiji Yasuda Life Insurance Co grew its position in S&P Global by 9.6% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 23,920 shares of the business services provider’s stock worth $10,668,000 after purchasing an additional 2,093 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in S&P Global by 2.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 218,520 shares of the business services provider’s stock worth $97,460,000 after purchasing an additional 5,366 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the sale, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 over the last 90 days. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research reports. Morgan Stanley raised their price objective on shares of S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Bank of America raised their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. BMO Capital Markets raised their price objective on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus lifted their target price on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada raised their price objective on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $548.18.

S&P Global Stock Performance

Shares of SPGI opened at $522.41 on Wednesday. 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 stock has a market cap of $163.46 billion, a P/E ratio of 58.57, a PEG ratio of 2.68 and a beta of 1.17. The company has a 50-day moving average of $496.16 and a two-hundred day moving average of $453.28. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $528.02.

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

S&P Global Announces Dividend

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

About S&P Global

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.