Coastal Bridge Advisors LLC Invests $2.28 Million in S&P Global Inc. $SPGI

Key Points

• Coastal Bridge Advisors purchased 5,596 S&P Global shares worth approximately $2.28 million, while institutional investors collectively own 87.17% of the company.
• S&P Global exceeded quarterly expectations, reporting $4.83 in adjusted EPS and $4.15 billion in revenue, with revenue up 10.4% year over year. The company issued fiscal 2026 EPS guidance of $17.50–$17.75.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $523.59, compared with the stock’s reported price of $435.73. S&P Global also declared a quarterly dividend of $0.97 per share, yielding about 0.9% annually.

Coastal Bridge Advisors LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,596 shares of the business services provider's stock, valued at approximately $2,279,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider's stock worth $7,451,971,000 after acquiring an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. grew its holdings in shares of S&P Global by 5.4% in the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider's stock valued at $6,161,498,000 after purchasing an additional 600,440 shares in the last quarter. Morgan Stanley grew its holdings in shares of S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider's stock valued at $4,354,796,000 after purchasing an additional 263,051 shares in the last quarter. Norges Bank bought a new stake in S&P Global in the fourth quarter worth $2,398,991,000. Finally, Capital International Investors increased its position in S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider's stock worth $1,587,910,000 after purchasing an additional 922,433 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

NYSE:SPGI opened at $435.73 on Friday. The firm has a market capitalization of $128.45 billion, a PE ratio of 26.60, a PEG ratio of 1.96 and a beta of 1.07. The stock's fifty day moving average is $423.94 and its 200 day moving average is $424.16. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm earned $4.43 earnings per share. S&P Global's quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global's payout ratio is currently 23.69%.

Analyst Ratings Changes

Several research firms have commented on SPGI. UBS Group lowered their price objective on shares of S&P Global from $550.00 to $525.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. Citigroup boosted their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Mizuho boosted their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th. Morgan Stanley decreased their target price on shares of S&P Global from $557.00 to $525.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 7th. Finally, Daiwa Securities Group lowered their price target on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $523.59.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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