Top 5 Financial Stocks Today

3. S&P Global Inc. (NYSE: SPGI)

Number of Hedge Fund Holders: 75

S&P Global Inc. (NYSE: SPGI) is a New York-based financial information and analytics company founded in 1917. It is ranked third on our list of top 10 financial stocks today. The firm has ratings, market intelligence, and indexing divisions dedicated to providing finance professionals with research and market benchmarks. The company stock has returned more than 27% to investors over the past twelve months. The firm has dealings with all kinds of clients, including commercial banks, investment advisors, and corporations. 

S&P Global Inc. (NYSE: SPGI) is a good option for income investors as it regularly pays a healthy dividend to shareholders. On March 5, the firm declared a quarterly dividend of $0.77 per share, in line with previous. The forward yield stood at 0.78%. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Cantillon Capital Management is a leading shareholder in the firm with 2.5 million shares worth more than $853 million. 

In its Q4 2020 investor letter, Baron Funds, an investment management firm, highlighted a few stocks and S&P Global Inc. (NYSE: SPGI) was one of them.

“S&P Global Inc. provides credit ratings, indices, data, and analytics to the financial and commodities markets. The company reported strong financial results due to continued growth in debt issuance. However, the stock declined on investor expectations that issuance will moderate in 2021 due to tough comparisons and potentially higher interest rates. Also, the company’s announced acquisition of IHS Markit received a mixed reaction, potentially due to the size and complexity of the combined company as well as overlapping ownership causing some shareholders to reduce concentration. We continue to own the stock as we see a long runway for growth and significant competitive advantages for the company.”