Is S&P Global Inc (SPGI) A Good Stock To Buy?

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Since S&P Global Inc (NYSE:SPGI) has encountered bearish sentiment from the entirety of the hedge funds we track, we can see that there exists a select few hedge funds that decided to sell off their full holdings in the third quarter. Intriguingly, Scott McLellan’s Marble Arch Investments dumped the biggest investment of all the hedgies tracked by Insider Monkey, worth an estimated $44.4 million in stock. Jim Simons’ Renaissance Technologies, also cut its stock, about $38.4 million worth.

Let’s go over hedge fund activity in other stocks similar to S&P Global Inc (NYSE:SPGI). These stocks are Constellation Brands, Inc. (NYSE:STZ), Travelers Companies Inc (NYSE:TRV), Anthem Inc (NYSE:ANTM), and Activision Blizzard, Inc. (NASDAQ:ATVI). This group of stocks’ market valuations are similar to SPGI’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
STZ 67 6679779 -2
TRV 30 542088 1
ANTM 54 2648566 -4
ATVI 64 4243407 -4

As you can see these stocks had an average of 54 hedge funds with bullish positions and the average amount invested in these stocks was $3.53 billion. That figure was $3.13 billion in SPGI’s case. Constellation Brands, Inc. (NYSE:STZ) is the most popular stock in this table. On the other hand Travelers Companies Inc (NYSE:TRV) is the least popular one with only 30 bullish hedge fund positions. S&P Global Inc (NYSE:SPGI) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard STZ might be a better candidate to consider taking a long position in.

Disclosure: None

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