Farmers & Merchants Investments Inc. Acquires 1,080 Shares of S&P Global Inc. $SPGI

Farmers & Merchants Investments Inc. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 23.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,723 shares of the business services provider’s stock after purchasing an additional 1,080 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in S&P Global were worth $2,785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SPGI. Brighton Jones LLC boosted its stake in shares of S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares in the last quarter. Trexquant Investment LP bought a new position in shares of S&P Global in the 1st quarter valued at approximately $1,043,000. State of Wyoming lifted its holdings in S&P Global by 138.3% in the 1st quarter. State of Wyoming now owns 622 shares of the business services provider’s stock worth $316,000 after purchasing an additional 361 shares during the last quarter. Magnetar Financial LLC bought a new stake in S&P Global during the first quarter worth approximately $212,000. Finally, Flputnam Investment Management Co. boosted its position in S&P Global by 1.1% during the first quarter. Flputnam Investment Management Co. now owns 2,605 shares of the business services provider’s stock worth $1,324,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $527.06 on Wednesday. The firm’s 50-day moving average is $498.96 and its 200-day moving average is $515.09. The company has a market cap of $159.59 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 2.75 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. 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) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $1.87 billion for the quarter. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a research note on Tuesday, December 16th. Evercore ISI lifted their target price on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Morgan Stanley upped their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Mizuho raised their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, BMO Capital Markets set a $546.00 price objective on S&P Global in a research report on Friday, November 14th. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $614.93.

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.