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

Calamos Advisors LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 26.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,202 shares of the business services provider's stock after acquiring an additional 25,369 shares during the period. Calamos Advisors LLC's holdings in S&P Global were worth $61,075,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPGI. Brighton Jones LLC lifted its holdings in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after buying an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in S&P Global by 3.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after buying an additional 2,413 shares in the last quarter. GHE LLC lifted its holdings in S&P Global by 2.1% during the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after buying an additional 274 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in S&P Global by 9.6% during the 4th quarter. Victory Capital Management Inc. now owns 269,609 shares of the business services provider's stock valued at $134,273,000 after buying an additional 23,554 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in S&P Global by 25.3% during the 4th quarter. Assetmark Inc. now owns 1,626 shares of the business services provider's stock valued at $810,000 after buying an additional 328 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SPGI. Robert W. Baird reduced their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Bank of America began coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. Morgan Stanley boosted their price target on shares of S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a report on Monday. Finally, Stifel Nicolaus reduced their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Two research 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $593.57.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $0.42 during trading on Monday, hitting $530.03. The stock had a trading volume of 872,582 shares, compared to its average volume of 1,233,856. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The stock has a market capitalization of $162.56 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. The stock has a 50-day simple moving average of $512.34 and a two-hundred day simple moving average of $504.53.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. S&P Global's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $4.01 EPS. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

S&P Global Profile

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.