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

Calamos Advisors LLC decreased its position in S&P Global Inc. (NYSE:SPGI) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,940 shares of the business services provider’s stock after selling 14,368 shares during the period. Calamos Advisors LLC’s holdings in S&P Global were worth $51,562,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in S&P Global in the 2nd quarter valued at approximately $2,188,945,000. Valeo Financial Advisors LLC raised its stake in shares of S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after buying an additional 3,163,938 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of S&P Global by 3,430.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock valued at $819,699,000 after buying an additional 1,510,540 shares during the period. TCI Fund Management Ltd. lifted its holdings in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after buying an additional 730,354 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new stake in shares of S&P Global in the second quarter valued at approximately $310,348,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SPGI shares. Wells Fargo & Company increased their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. The Goldman Sachs Group restated a “buy” rating and set a $640.00 target price on shares of S&P Global in a research report on Tuesday, December 16th. Citigroup increased their price target on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, Evercore ISI boosted their price objective on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus price target of $614.93.

S&P Global Trading 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 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 price of $498.96 and a 200 day moving average price of $515.09. The company has a market capitalization of $159.59 billion, a P/E ratio of 38.33, a P/E/G 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 earnings per share for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The company had revenue of $1.87 billion during the quarter. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal 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.