Coastal Bridge Advisors LLC Has $2.64 Million Stock Holdings in S&P Global Inc. $SPGI

Coastal Bridge Advisors LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 166.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,423 shares of the business services provider’s stock after purchasing an additional 3,389 shares during the period. Coastal Bridge Advisors LLC’s holdings in S&P Global were worth $2,639,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in S&P Global during the 2nd quarter worth approximately $2,188,945,000. Valeo Financial Advisors LLC increased its holdings in shares of S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after acquiring an additional 3,163,938 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of S&P Global by 3,430.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after purchasing 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 worth $5,848,502,000 after purchasing an additional 730,354 shares in the last quarter. Finally, Mizuho Markets Americas LLC lifted its holdings in shares of S&P Global by 104,031.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after purchasing an additional 595,059 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.3%

NYSE:SPGI opened at $528.01 on Thursday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The firm has a 50-day moving average price of $517.17 and a two-hundred day moving average price of $517.35. The firm has a market cap of $159.88 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 2.24 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.47. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.S&P Global’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.89 earnings per share. On average, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is 27.93%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent research reports. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research note on Friday, November 14th. Morgan Stanley boosted their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Mizuho lifted their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Finally, Evercore ISI boosted their price objective on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $615.64.

S&P Global Profile

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.