S&P Global Inc. (NYSE:SPGI) is O Brien Greene & Co. Inc’s 8th Largest Position

O Brien Greene & Co. Inc raised its holdings in S&P Global Inc. (NYSE:SPGIGet Rating) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,333 shares of the business services provider’s stock after purchasing an additional 403 shares during the period. S&P Global accounts for about 2.8% of O Brien Greene & Co. Inc’s holdings, making the stock its 8th biggest position. O Brien Greene & Co. Inc’s holdings in S&P Global were worth $8,340,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SPGI. Tcwp LLC purchased a new position in S&P Global during the first quarter valued at approximately $138,000. Douglas Lane & Associates LLC grew its stake in S&P Global by 11.3% during the first quarter. Douglas Lane & Associates LLC now owns 1,272 shares of the business services provider’s stock valued at $522,000 after acquiring an additional 129 shares in the last quarter. IFM Investors Pty Ltd grew its stake in S&P Global by 69.9% during the first quarter. IFM Investors Pty Ltd now owns 54,102 shares of the business services provider’s stock valued at $22,192,000 after acquiring an additional 22,251 shares in the last quarter. Country Trust Bank grew its stake in S&P Global by 8.5% during the first quarter. Country Trust Bank now owns 370 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 29 shares in the last quarter. Finally, Eschler Asset Management LLP purchased a new position in S&P Global during the first quarter valued at approximately $451,000. Hedge funds and other institutional investors own 88.15% of the company’s stock.

S&P Global Trading Down 4.0 %

NYSE:SPGI opened at $356.51 on Wednesday. The company has a fifty day moving average of $365.89 and a 200 day moving average of $367.01. S&P Global Inc. has a 52 week low of $311.87 and a 52 week high of $484.21. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $118.90 billion, a P/E ratio of 26.57, a P/E/G ratio of 2.68 and a beta of 1.05.

S&P Global (NYSE:SPGIGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The business services provider reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.10). S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the company earned $3.62 earnings per share. The company’s quarterly revenue was up 42.1% compared to the same quarter last year. On average, research analysts predict that S&P Global Inc. will post 11.49 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $3.40 dividend on an annualized basis and a yield of 0.95%. S&P Global’s dividend payout ratio is currently 25.34%.

Insider Activity at S&P Global

In related news, EVP Nancy Luquette sold 3,200 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the completion of the sale, the executive vice president now directly owns 2,467 shares in the company, valued at approximately $906,597.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other S&P Global news, insider Martina Cheung sold 3,000 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $385.78, for a total value of $1,157,340.00. Following the completion of the transaction, the insider now directly owns 6,783 shares in the company, valued at approximately $2,616,745.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nancy Luquette sold 3,200 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the completion of the transaction, the executive vice president now owns 2,467 shares of the company’s stock, valued at $906,597.83. The disclosure for this sale can be found here. Insiders sold 27,150 shares of company stock worth $10,146,219 in the last three months. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPGI. Oppenheimer boosted their price target on shares of S&P Global from $404.00 to $419.00 and gave the stock an “outperform” rating in a research note on Monday, August 29th. Atlantic Securities cut their price target on shares of S&P Global from $440.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, June 8th. Raymond James cut their price target on shares of S&P Global from $462.00 to $417.00 and set an “outperform” rating for the company in a research note on Tuesday, July 12th. UBS Group cut their price target on shares of S&P Global from $441.00 to $407.00 and set a “buy” rating for the company in a research note on Monday, June 6th. Finally, Morgan Stanley cut their price target on shares of S&P Global from $398.00 to $390.00 and set an “overweight” rating for the company in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $416.43.

About S&P Global

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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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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