Calamos Advisors LLC cut its position in S&P Global Inc (NYSE:SPGI) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 54,551 shares of the business services provider’s stock after selling 888 shares during the period. Calamos Advisors LLC’s holdings in S&P Global were worth $14,895,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SPGI. River & Mercantile Asset Management LLP acquired a new stake in S&P Global during the 2nd quarter worth approximately $25,000. Julex Capital Management LLC acquired a new stake in S&P Global during the 3rd quarter worth approximately $25,000. Evoke Wealth LLC acquired a new stake in S&P Global during the 3rd quarter worth approximately $37,000. Harvest Group Wealth Management LLC lifted its position in S&P Global by 51.7% during the 3rd quarter. Harvest Group Wealth Management LLC now owns 182 shares of the business services provider’s stock worth $45,000 after acquiring an additional 62 shares during the period. Finally, Quest Capital Management Inc. ADV acquired a new stake in S&P Global during the 3rd quarter worth approximately $52,000. 82.60% of the stock is owned by hedge funds and other institutional investors.
SPGI opened at $294.38 on Thursday. The company has a debt-to-equity ratio of 8.91, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50 day simple moving average of $274.66 and a 200-day simple moving average of $257.04. The stock has a market capitalization of $70.62 billion, a P/E ratio of 34.63, a P/E/G ratio of 2.78 and a beta of 1.05. S&P Global Inc has a 12 month low of $182.00 and a 12 month high of $296.15.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.34 by $0.12. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.65 billion. S&P Global had a return on equity of 448.14% and a net margin of 32.22%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $2.11 EPS. Research analysts anticipate that S&P Global Inc will post 9.4 EPS for the current year.
A number of analysts have weighed in on the company. Morgan Stanley raised S&P Global from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $271.00 to $323.00 in a research report on Tuesday, January 7th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Wednesday, October 30th. Jefferies Financial Group assumed coverage on S&P Global in a research report on Thursday, November 21st. They set a “buy” rating and a $298.00 price objective for the company. ValuEngine cut S&P Global from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. Finally, BMO Capital Markets increased their price objective on S&P Global to $266.00 in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $276.27.
In other news, CFO Ewout L. Steenbergen sold 1,760 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $254.56, for a total value of $448,025.60. Following the completion of the sale, the chief financial officer now directly owns 8,534 shares of the company’s stock, valued at approximately $2,172,415.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Nicholas Cafferillo sold 3,219 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $257.90, for a total value of $830,180.10. Following the completion of the sale, the chief technology officer now directly owns 2,707 shares of the company’s stock, valued at $698,135.30. The disclosure for this sale can be found here. Insiders sold a total of 6,077 shares of company stock valued at $1,565,992 over the last three months. Insiders own 0.20% of the company’s stock.
About S&P Global
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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