Crossmark Global Holdings Inc. Buys 26,332 Shares of S&P Global Inc. (NYSE:SPGI)

Crossmark Global Holdings Inc. grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 113.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,491 shares of the business services provider's stock after purchasing an additional 26,332 shares during the period. Crossmark Global Holdings Inc.'s holdings in S&P Global were worth $25,146,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new stake in S&P Global during the fourth quarter worth about $25,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the 4th quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global in the 1st quarter worth approximately $28,000. Alpine Bank Wealth Management purchased a new position in S&P Global in the 1st quarter worth approximately $33,000. Finally, Hazlett Burt & Watson Inc. increased its stake in S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares during the period. Institutional investors own 87.17% of the company's stock.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president directly owned 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

S&P Global Stock Up 0.1%

Shares of SPGI traded up $0.42 on Monday, reaching $530.03. The stock had a trading volume of 872,582 shares, compared to its average volume of 1,233,856. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The firm has a market capitalization of $162.56 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. The company has a 50-day simple moving average of $512.34 and a 200-day simple moving average of $504.53.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.01 earnings per share. Sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. S&P Global's payout ratio is presently 30.16%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a research note on Thursday. Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. UBS Group lifted their price target on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus decreased their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $593.57.

S&P Global Profile

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.