Calamos Wealth Management LLC Increases Stock Holdings in S&P Global Inc. $SPGI

Calamos Wealth Management LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 32.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,566 shares of the business services provider’s stock after purchasing an additional 8,416 shares during the period. Calamos Wealth Management LLC’s holdings in S&P Global were worth $16,824,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Emerald Advisers LLC raised its holdings in shares of S&P Global by 2.0% in the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after buying an additional 18 shares during the period. Fullcircle Wealth LLC boosted its position in S&P Global by 1.0% during the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 18 shares in the last quarter. Summitry LLC grew its position in shares of S&P Global by 2.1% in the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after buying an additional 18 shares during the last quarter. Hamilton Capital LLC increased its position in shares of S&P Global by 4.5% during the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares in the last quarter. Finally, Sand Hill Global Advisors LLC boosted its holdings in S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after acquiring an additional 19 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SPGI shares. Wells Fargo & Company upped their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. William Blair reissued an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, Stifel Nicolaus decreased their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to data from MarketBeat.com, S&P Global has an average rating of “Buy” and an average price target of $614.93.

S&P Global Price Performance

NYSE:SPGI opened at $527.06 on Wednesday. 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 company has a 50 day moving average price of $498.96 and a 200-day moving average price of $515.09. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm has a market cap of $159.59 billion, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 2.75 and a beta of 1.19.

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 net margin of 28.10% and a return on equity of 15.90%. The company had revenue of $1.87 billion for the quarter. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

About S&P Global

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.