Heron Bay Capital Management Invests $19.88 Million in S&P Global Inc. $SPGI

Heron Bay Capital Management purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 48,814 shares of the business services provider’s stock, valued at approximately $19,880,000. S&P Global accounts for approximately 1.8% of Heron Bay Capital Management’s investment portfolio, making the stock its 21st largest holding.

Several other hedge funds also recently added to or reduced their stakes in SPGI. Norges Bank purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $2,398,991,000. EdgePoint Investment Group Inc. purchased a new stake in shares of S&P Global in the first quarter worth approximately $702,911,000. Cardano Risk Management B.V. raised its holdings in shares of S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after buying an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of S&P Global by 2,256.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after acquiring an additional 1,385,249 shares during the last quarter. Finally, Soroban Capital Partners LP lifted its stake in shares of S&P Global by 260.3% during the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after acquiring an additional 1,219,990 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

SPGI opened at $431.10 on Friday. The company has a market capitalization of $127.09 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.94 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $559.44. The business’s fifty day simple moving average is $422.87 and its 200-day simple moving average is $425.46.

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

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

Wall Street Analyst Weigh In

Several brokerages have commented on SPGI. Daiwa Securities Group cut their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Robert W. Baird lowered their target price on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Citigroup upped their price target 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. Royal Bank Of Canada reduced their price target on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Finally, UBS Group decreased 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 report on Tuesday, July 7th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Company 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.