Farmers & Merchants Investments Inc. Purchases 4,419 Shares of S&P Global Inc. $SPGI

Key Points

• Farmers & Merchants Investments Inc. significantly increased its holdings in S&P Global Inc. by 1,972.8% during the second quarter, acquiring an additional 4,419 shares to reach a total of 4,643 shares worth approximately $2.45 million.
• Multiple brokerages have raised their price targets for S&P Global, with Citigroup setting a target of $635 and JPMorgan Chase at $625, reflecting a consensus rating of "Buy" among analysts.
• S&P Global announced a quarterly dividend of $0.96 per share, with an ex-dividend date on November 25, resulting in an annualized yield of 0.8%.

Farmers & Merchants Investments Inc. grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1,972.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,643 shares of the business services provider's stock after acquiring an additional 4,419 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in S&P Global were worth $2,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Brighton Jones LLC increased its holdings in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after acquiring an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after buying an additional 2,413 shares in the last quarter. GHE LLC grew its holdings in S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after buying an additional 274 shares in the last quarter. State of Wyoming grew its holdings in S&P Global by 94.8% during the fourth quarter. State of Wyoming now owns 261 shares of the business services provider's stock worth $130,000 after buying an additional 127 shares in the last quarter. Finally, Shufro Rose & Co. LLC grew its holdings in S&P Global by 7.3% during the fourth quarter. Shufro Rose & Co. LLC now owns 780 shares of the business services provider's stock worth $388,000 after buying an additional 53 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SPGI. Morgan Stanley upped their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Wells Fargo & Company upped their price target on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday. Finally, BMO Capital Markets upped their price target on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $614.46.

S&P Global Stock Performance

Shares of SPGI opened at $506.13 on Tuesday. The stock's 50-day simple moving average is $542.48 and its 200 day simple moving average is $515.27. The stock has a market capitalization of $154.52 billion, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 2.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global's dividend payout ratio is 29.54%.

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.

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