Calamos Wealth Management LLC Raises Stake in S&P Global Inc. (NYSE:SPGI)

Calamos Wealth Management LLC grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,468 shares of the business services provider's stock after purchasing an additional 1,318 shares during the quarter. Calamos Wealth Management LLC's holdings in S&P Global were worth $12,940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Minot DeBlois Advisors LLC purchased a new position in S&P Global in the fourth quarter worth approximately $25,000. Anderson Financial Strategies LLC purchased a new position in S&P Global in the fourth quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global in the first quarter worth approximately $28,000. Hazlett Burt & Watson Inc. lifted its stake in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after acquiring an additional 38 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in S&P Global during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of S&P Global stock traded up $5.38 during trading on Friday, reaching $531.02. The company's stock had a trading volume of 578,304 shares, compared to its average volume of 1,233,475. The company has a 50-day moving average price of $512.34 and a two-hundred day moving average price of $504.30. The firm has a market cap of $162.86 billion, a PE ratio of 41.71, a P/E/G ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations 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 was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.01 EPS. On average, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global's dividend payout ratio is currently 30.16%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPGI. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Oppenheimer raised their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday. Stifel Nicolaus cut their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, UBS Group raised their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $593.93.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.

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.