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

Calamos Advisors LLC decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 quarter.

A number of other institutional investors also recently bought and sold shares of the company. BCK Partners Inc. bought a new position in shares of S&P Global in the first quarter worth about $1,969,000. Markel Corp raised its stake in shares of S&P Global by 0.8% in the first quarter. Markel Corp now owns 149,790 shares of the business services provider's stock worth $61,441,000 after buying an additional 1,250 shares during the period. Synovus Financial Corp raised its stake in shares of S&P Global by 1.6% in the first quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider's stock worth $919,000 after buying an additional 36 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of S&P Global by 115.4% in the first quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider's stock worth $883,000 after buying an additional 1,154 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of S&P Global by 12.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider's stock worth $302,000 after buying an additional 81 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

NYSE SPGI traded up $1.26 during trading on Thursday, hitting $413.37. 1,058,992 shares of the stock traded hands, compared to its average volume of 1,310,194. The company has a market capitalization of $132.39 billion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15. The firm has a 50-day simple moving average of $425.23 and a 200-day simple moving average of $415.25. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12-month low of $338.92 and a 12-month high of $461.16.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. S&P Global's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.54 earnings per share. As a group, analysts predict that S&P Global Inc. will post 14.03 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.88%. This is a boost from S&P Global's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Monday, February 26th. S&P Global's dividend payout ratio is currently 44.23%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPGI. Stifel Nicolaus cut their target price on S&P Global from $460.00 to $442.00 and set a "buy" rating for the company in a research report on Thursday. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Raymond James increased their target price on S&P Global from $422.00 to $452.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 9th. Erste Group Bank reiterated a "hold" rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Barclays increased their target price on S&P Global from $500.00 to $520.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $462.00.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 162,530 shares of the company's stock, valued at approximately $69,032,992.20. The sale 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.

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.