Vivid Wealth Management LLC Acquires 630 Shares of S&P Global Inc. (NYSE:SPGI)

Vivid Wealth Management LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 13.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,159 shares of the business services provider's stock after buying an additional 630 shares during the quarter. S&P Global makes up 1.3% of Vivid Wealth Management LLC's portfolio, making the stock its 22nd largest position. Vivid Wealth Management LLC's holdings in S&P Global were worth $2,621,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after acquiring an additional 20 shares in the last quarter. Personal CFO Solutions LLC increased its position in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after acquiring an additional 20 shares during the period. Anfield Capital Management LLC raised its stake in S&P Global by 25.6% in the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock worth $54,000 after purchasing an additional 22 shares in the last quarter. Invenio Wealth Partners LLC boosted its holdings in S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after purchasing an additional 22 shares during the period. Finally, Retirement Planning Group LLC grew its position in shares of S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after purchasing an additional 22 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock traded down $3.85 during midday trading on Tuesday, reaching $501.15. The company's stock had a trading volume of 1,197,002 shares, compared to its average volume of 1,224,466. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $153.70 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The business has a 50-day moving average price of $498.39 and a 200-day moving average price of $503.71.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate 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 company posted $4.01 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. S&P Global's payout ratio is presently 30.16%.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus lowered their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird dropped their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Mizuho assumed coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Finally, Wall Street Zen downgraded S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company's stock.

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.