Should You Consider Investing in S&P Global Inc. (SPGI)?

Baron Funds, an asset management firm, published its “Baron FinTech Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.53% was delivered by the fund’s institutional shares for the fourth quarter of 2021, compared to its benchmarks, the S&P 500 Index, which appreciated 11.03%, and the FactSet Global FinTech Index which rose 7.68% for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Baron FinTech Fund, in its Q4 2021 investor letter, mentioned S&P Global Inc. (NYSE:SPGI) and discussed its stance on the firm. Founded in 1917, S&P Global Inc. (NYSE:SPGI) is a New York, New York-based market intelligence company with a $133.7 billion market capitalization, and is currently spearheaded by its CEO, Douglas L. Peterson. S&P Global Inc. (NYSE:SPGI) delivered a -20.12% return since the beginning of the year, while its 12-month returns are up by 7.26%. The stock closed at $377.00 per share on March 14, 2022.

Here is what Baron FinTech Fund has to say about S&P Global Inc. (NYSE:SPGI) in its Q4 2021 investor letter:

“Shares of rating agency and data provider S&P Global Inc. increased after the company reported quarterly results that beat Street forecasts and raised full-year guidance. Revenue grew 13% and EPS grew 24% due to elevated issuance activity across bank loans and structured finance combined with strong growth in the Indices segment. Shares also benefited from the receipt of regulatory approvals for the pending merger with IHS Markit. We continue to own the stock due to the company’s long runway for growth and significant competitive advantages.”

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Our calculations show that S&P Global Inc. (NYSE:SPGI) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. S&P Global Inc. (NYSE:SPGI) was in 79 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 78 funds in the previous quarter. S&P Global Inc. (NYSE:SPGI) delivered a -21.27% return in the past 3 months.

In May 2021, we also shared another hedge fund’s views on S&P Global Inc. (NYSE:SPGI) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.