Financial Sector Ideas

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>>> S&P Global Inc. (NYSE:SPGI) - Number of Hedge Fund Holders: 97


https://finance.yahoo.com/news/15-best-financial-stocks-buy-125633619.html


Shares of S&P Global Inc. (NYSE:SPGI) have appreciated by 16.97% over the past 6 months, as of April 14, and the stock is offering a forward dividend yield of 1.03%. S&P Global Inc. (NYSE:SPGI) is placed seventh among the best financial stocks to buy now.

On February 10, Baird analyst Jeffrey Meuler raised his price target on S&P Global Inc. (NYSE:SPGI) to $401 from $393 and maintained an Outperform rating on the shares.

At the end of the fourth quarter of 2022, 97 hedge funds were long S&P Global Inc. (NYSE:SPGI) and disclosed stakes worth $7.8 billion in the company. Of those, TCI Fund Management was the leading shareholder in the company and held a position worth $3 billion.

Baron Funds made the following comment about S&P Global Inc. (NYSE:SPGI) in its Q4 2022 investor letter:

“Shares of rating agency and data provider S&P Global Inc. (NYSE:SPGI) increased 10.1% during the quarter as investors looked past weak debt issuance activity and anticipated a potential issuance rebound in 2023. Equity markets rose during the quarter, offering some reprieve to asset-based revenue headwinds. The company also hosted an Investor Day during which management provided medium-term financial guidance of 7% to 9% annual revenue growth and low to mid-teens annual EPS growth. We continue to own the stock due to the company’s durable growth characteristics that are underpinned by the secular trends of increasing bond issuance, growth in passive investing, and demand for data and analytics, while also benefiting from significant competitive advantages.”

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