Vista Cima Wealth Management LLC Buys Shares of 493 S&P Global Inc. (NYSE:SPGI)

Vista Cima Wealth Management LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 493 shares of the business services provider's stock, valued at approximately $246,000.

A number of other large investors also recently modified their holdings of the business. Minot DeBlois Advisors LLC acquired a new stake in S&P Global in the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global in the 4th quarter valued at about $27,000. Human Investing LLC acquired a new stake in S&P Global in the 4th quarter valued at about $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global in the 4th quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPGI. Wall Street Zen downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. Evercore ISI raised their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. UBS Group raised their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company raised their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Stock Performance

Shares of SPGI traded down $0.95 during mid-day trading on Friday, hitting $510.37. 1,293,925 shares of the company's stock were exchanged, compared to its average volume of 1,221,132. S&P Global Inc. has a 52 week low of $419.49 and a 52 week high of $545.39. The stock's 50-day simple moving average is $490.91 and its 200-day simple moving average is $503.48. The firm has a market cap of $156.53 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $4.01 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. S&P Global's dividend payout ratio (DPR) is 30.16%.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

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.