In this article, we discuss the Top 5 Stock Picks of Claar Advisors. If you want to read our detailed and comprehensive analysis of Claar Advisors’ history and its investment strategy, go directly to Top 10 Stock Picks of Claar Advisors.
5. S&P Global Inc. (NYSE:SPGI)
Claar Advisors LLC’s Stake Value: $14.3 million
Percentage of Claar Advisors LLC’s 13F Portfolio: 5.62%
No. of Hedge Fund Holders: 84
S&P Global Inc. (NYSE: SPGI) provides transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets. The capital markets comprise asset managers, investment banks, commercial banks, insurance companies, exchanges, trading firms, and issuers, while commodity markets consist of producers, traders, and intermediaries within energy, metals, petrochemicals, and agriculture.
At the close of Q2 2022, 84 hedge funds were long S&P Global Inc. (NYSE: SPGI) and held stakes worth $7.23 billion in the company.
S&P Global Inc. (NYSE: SPGI) is already out with its Q2 2022 results with reported revenue of $2.99 billion, an increase of 42% year-over-year. Growth was principally due to the inclusion of IHS Markit businesses, partially offset by declines in Ratings revenue.
Morgan Stanley initiated coverage on S&P Global Inc. (NYSE: SPGI) and reduced its price objective from $398.00 to $390.00. They gave an “Overweight” rating on the company’s stock on 3rd August.
Investment management company Ave Maria recently mentioned S&P Global Inc. (NYSE: SPGI) in its second quarter 2022 investor letter. Here is what the fund said:
“S&P Global Inc. (NYSE:SPGI) is a data-driven financial services company with leading franchises in the areas of data and analytics, credit rating, commodity insights and indices. S&P Global benefits from several secular trends including the disintermediation of banks, a shift to passive investing, and an increased focus on ESG, Climate & Energy Transition.”