10 Best Dividend Aristocrat Stocks To Buy Now

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

Number of Hedge Fund Investors: 97

S&P Global Inc (NYSE:SPGI) has 52 years of consistent dividend increases under its belt. In April S&P Global Inc (NYSE:SPGI) posted strong Q1 results and boosted its guidance. Adjusted EPS in the March quarter came in at $4.01, surpassing estimates by $0.35. Revenue in the quarter jumped 10.4% year over year to $3.49 billion, beating estimates by $80 million.

S&P Global Inc (NYSE:SPGI) now expects revenue growth of 6.0% – 8.0%  in 2024, compared to the Street’s consensus of  7.42%.

Insider Monkey’s database of 919 hedge funds shows that 97 funds had stakes in S&P Global Inc (NYSE:SPGI) as of the end of the September quarter. The most significant stake in S&P Global Inc (NYSE:SPGI) is owned by Chris Hohn’s TCI Fund Management, worth about $3.8 billion.

Here is what Baron FinTech Fund has to say about S&P Global Inc. (NYSE:SPGI) in its Q3 2023 investor letter:

“Shares of rating agency and data provider S&P Global Inc. gave back some gains from earlier this year due to investor concerns that rising interest rates will weigh on future debt issuance and asset-based fees. Management also removed its 2026 revenue target for the ESG segment due to a more uncertain regulatory landscape and political climate. On a positive note, S&P Global reported strong second quarter financial results, with 7% adjusted revenue growth and 11% EPS growth as ratings issuance returned to growth for the first time in six quarters. Management maintained fullyear guidance as a more favorable outlook for the Ratings and Indices segments offset slower growth in the Market Intelligence segment. We continue to own the stock due to the company’s long runway for growth and significant competitive advantages.”

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If you are looking for an AI stock that is as promising as Microsoft but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None.

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