S&P Global Inc. (NYSE:SPGI) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lessened its stake in S&P Global Inc. (NYSE:SPGI) by 2.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 101,947 shares of the business services provider’s stock after selling 2,180 shares during the quarter. Calamos Advisors LLC’s holdings in S&P Global were worth $44,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Valued Wealth Advisors LLC purchased a new stake in shares of S&P Global during the fourth quarter worth $28,000. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of S&P Global during the third quarter worth $25,000. LFA Lugano Financial Advisors SA grew its holdings in shares of S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after buying an additional 50 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of S&P Global by 45.8% during the third quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock worth $31,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research report on Tuesday, April 2nd. BMO Capital Markets upped their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Raymond James increased their price target on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $462.00.

S&P Global Price Performance

S&P Global stock traded up $1.26 during midday trading on Thursday, reaching $413.37. The company’s stock had a trading volume of 1,059,050 shares, compared to its average volume of 1,308,915. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50 day simple moving average is $425.70 and its 200 day simple moving average is $415.27. The firm has a market capitalization of $132.39 billion, a PE ratio of 49.93, a P/E/G ratio of 2.31 and a beta of 1.15.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business posted $2.54 EPS. S&P Global’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that S&P Global Inc. will post 14.03 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Monday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s payout ratio is 44.23%.

S&P Global 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.