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

Calamos Wealth Management LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,150 shares of the business services provider’s stock after purchasing an additional 53 shares during the quarter. Calamos Wealth Management LLC’s holdings in S&P Global were worth $12,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. International Assets Investment Management LLC boosted its holdings in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in S&P Global during the third quarter valued at approximately $224,976,000. FMR LLC increased its position in shares of S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of S&P Global during the fourth quarter valued at about $144,091,000. Finally, Wellington Management Group LLP lifted its holdings in S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after buying an additional 292,436 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of a number of recent analyst reports. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Morgan Stanley boosted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $518.53 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $160.90 billion, a PE ratio of 45.77, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. The firm’s 50 day moving average price is $506.40 and its 200-day moving average price is $504.70. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

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.