Coalescence Partners Investment Management LP Has $14.99 Million Stake in S&P Global Inc. (NYSE:SPGI)

Coalescence Partners Investment Management LP raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 62.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,089 shares of the business services provider’s stock after purchasing an additional 11,599 shares during the period. S&P Global comprises 5.7% of Coalescence Partners Investment Management LP’s portfolio, making the stock its 9th biggest position. Coalescence Partners Investment Management LP’s holdings in S&P Global were worth $14,985,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in S&P Global in the fourth quarter valued at approximately $527,207,000. Proficio Capital Partners LLC increased its stake in shares of S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after acquiring an additional 618,620 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of S&P Global during the 3rd quarter valued at about $224,976,000. FMR LLC lifted its holdings in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in S&P Global during the fourth quarter worth $144,091,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $497.35 on Friday. The company has a market cap of $153.08 billion, a P/E ratio of 40.27, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average price is $515.06 and its 200 day moving average price is $511.59.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the company earned $3.13 EPS. On average, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. S&P Global’s payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SPGI. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Oppenheimer cut their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Wells Fargo & Company lifted their target price on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Evercore ISI increased their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $590.23.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.