S&P Global Inc. $SPGI Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,940 shares of the business services provider’s stock after selling 14,368 shares during the quarter. Calamos Advisors LLC’s holdings in S&P Global were worth $51,562,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. increased its holdings in shares of S&P Global by 4.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after buying an additional 850 shares during the last quarter. Divergent Planning LLC acquired a new stake in S&P Global during the second quarter worth about $303,000. Vanguard Group Inc. raised its holdings in shares of S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares during the period. Ninety One UK Ltd lifted its stake in shares of S&P Global by 0.8% in the 2nd quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock valued at $489,620,000 after purchasing an additional 7,553 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of S&P Global by 6.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after purchasing an additional 733 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SPGI shares. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday. Citigroup raised their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $640.00 price target on shares of S&P Global in a research report on Tuesday, December 16th. Stifel Nicolaus lowered their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $614.93.

S&P Global Stock Down 0.6%

Shares of S&P Global stock opened at $527.06 on Wednesday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a market capitalization of $159.59 billion, a PE ratio of 38.33, a P/E/G ratio of 2.75 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50-day moving average of $498.96 and a 200-day moving average of $515.09.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $1.87 billion for the quarter. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.