Milford Funds Ltd. Acquires Shares of 160,134 S&P Global Inc. $SPGI

Milford Funds Ltd. acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 160,134 shares of the business services provider’s stock, valued at approximately $83,684,000. S&P Global accounts for about 1.6% of Milford Funds Ltd.’s portfolio, making the stock its 24th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Joseph Group Capital Management bought a new stake in S&P Global in the fourth quarter valued at approximately $29,000. North Star Investment Management Corp. raised its holdings in shares of S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares in the last quarter. Palisade Asset Management LLC bought a new position in shares of S&P Global during the third quarter valued at approximately $36,000. Palladiem LLC bought a new position in shares of S&P Global during the fourth quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. raised its holdings in shares of S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In related news, CEO Catherine R. Clay bought 2,500 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Martina Cheung bought 2,322 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was bought at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the purchase, the chief executive officer owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 5,974 shares of company stock valued at $2,576,775. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SPGI shares. Mizuho upped their target price on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Bank of America started coverage on S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price for the company. Wells Fargo & Company decreased their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 13th. UBS Group restated a “buy” rating on shares of S&P Global in a report on Wednesday, May 27th. Finally, Barclays restated an “overweight” rating and set a $565.00 target price on shares of S&P Global in a report on Monday, February 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $546.39.

S&P Global Trading Up 1.5%

NYSE SPGI opened at $419.53 on Friday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The stock has a market cap of $124.18 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.76 and a beta of 1.08. The stock’s fifty day moving average price is $424.82 and its 200-day moving average price is $458.93. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the firm posted $4.37 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. S&P Global’s dividend payout ratio is currently 24.56%.

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.