Ceera Investments LLC Has $3.08 Million Stake in S&P Global Inc. (NYSE:SPGI)

Ceera Investments LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,956 shares of the business services provider’s stock after selling 160 shares during the quarter. S&P Global comprises approximately 1.2% of Ceera Investments LLC’s investment portfolio, making the stock its 29th largest holding. Ceera Investments LLC’s holdings in S&P Global were worth $3,077,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. HWG Holdings LP bought a new stake in S&P Global during the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the 3rd quarter worth $27,000. Sachetta LLC grew its stake in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. First Personal Financial Services bought a new stake in shares of S&P Global in the 3rd quarter worth $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of S&P Global in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $503.29 on Friday. The firm has a market cap of $156.17 billion, a PE ratio of 44.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a fifty-two week low of $401.79 and a fifty-two week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The business has a 50 day moving average price of $510.47 and a 200-day moving average price of $479.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.21 earnings per share. Equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. S&P Global’s payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Royal Bank of Canada boosted their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

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.