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

Calamos Wealth Management LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Columbus Macro LLC boosted its holdings in S&P Global by 490.1% during the 4th quarter. Columbus Macro LLC now owns 10,221 shares of the business services provider’s stock valued at $5,090,000 after acquiring an additional 8,489 shares during the period. Trust Point Inc. lifted its stake in S&P Global by 4.4% in the fourth quarter. Trust Point Inc. now owns 1,466 shares of the business services provider’s stock valued at $730,000 after buying an additional 62 shares during the last quarter. Optas LLC grew its holdings in shares of S&P Global by 102.9% during the fourth quarter. Optas LLC now owns 1,692 shares of the business services provider’s stock worth $843,000 after buying an additional 858 shares during the last quarter. GDS Wealth Management increased its stake in S&P Global by 6.2% in the 4th quarter. GDS Wealth Management now owns 29,055 shares of the business services provider’s stock valued at $14,470,000 after buying an additional 1,697 shares during the period. Finally, Resonant Capital Advisors LLC lifted its holdings in shares of S&P Global by 0.5% in the 4th quarter. Resonant Capital Advisors LLC now owns 5,571 shares of the business services provider’s stock valued at $2,775,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SPGI. Wells Fargo & Company decreased their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. BMO Capital Markets raised their price target on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Down 0.6 %

Shares of NYSE:SPGI opened at $518.53 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $506.40 and its two-hundred day moving average is $504.70. The company has a market cap of $160.90 billion, a PE ratio of 45.77, a P/E/G ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global’s payout ratio is presently 32.13%.

S&P Global Company 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.