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

Calamos Wealth Management LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,150 shares of the business services provider’s stock after acquiring 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 SEC filing.

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

S&P Global Stock Performance

NYSE:SPGI opened at $518.53 on Tuesday. The stock has a market capitalization of $160.90 billion, a P/E ratio of 45.77, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The firm has a 50 day moving average of $506.40 and a 200-day moving average of $504.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Oppenheimer cut their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

About S&P Global

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.