Ceera Investments LLC Sells 160 Shares of S&P Global Inc. (NYSE:SPGI)

Ceera Investments LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,956 shares of the business services provider’s stock after selling 160 shares during the period. S&P Global comprises about 1.2% of Ceera Investments LLC’s portfolio, making the stock its 29th largest holding. Ceera Investments LLC’s holdings in S&P Global were worth $3,077,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SPGI. HWG Holdings LP purchased a new position in S&P Global in the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global in the 3rd quarter worth approximately $27,000. Sachetta LLC lifted its holdings in 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 purchasing an additional 30 shares in the last quarter. First Personal Financial Services purchased a new position in S&P Global in the 3rd quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in S&P Global in the 2nd quarter worth approximately $31,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company boosted their price target on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. BMO Capital Markets reduced their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. UBS Group lifted their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley lifted their price objective on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Down 1.4 %

S&P Global stock opened at $503.29 on Friday. The firm has a market cap of $156.17 billion, a price-to-earnings 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 52 week low of $401.79 and a 52 week high of $533.29. The business’s 50-day moving average price is $510.47 and its 200 day moving average price is $479.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for 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%. S&P Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $3.21 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

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

S&P Global Company Profile

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.