O Brien Greene & Co. Inc Lowers Position in S&P Global Inc. $SPGI

O Brien Greene & Co. Inc decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 16,594 shares of the business services provider’s stock after selling 499 shares during the period. S&P Global makes up about 2.9% of O Brien Greene & Co. Inc’s holdings, making the stock its 12th biggest holding. O Brien Greene & Co. Inc’s holdings in S&P Global were worth $8,750,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SPGI. Cheviot Value Management LLC bought a new position in shares of S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global in the 2nd quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC increased its position in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares in the last quarter. Finally, eCIO Inc. purchased a new stake in shares of S&P Global in the first quarter worth $32,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citigroup upped their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Morgan Stanley upped their target price on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Evercore ISI boosted their price objective on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Stifel Nicolaus lowered their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Wells Fargo & Company lifted their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, S&P Global presently has an average rating of “Buy” and an average price target of $612.38.

S&P Global Trading Down 1.4%

Shares of NYSE:SPGI opened at $489.95 on Friday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a market capitalization of $148.36 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $503.10 and its two-hundred day simple moving average is $515.85.

S&P Global (NYSE:SPGI) last announced its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 27.93%.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.