5 Safe Stocks to Buy Now According to Billionaire Dan Loeb

3۔ S&P Global Inc. (NYSE:SPGI)

Third Point’s Stake Value: $393,773,000

Percentage of Third Point’s 13F Portfolio: 5.1%

Number of Hedge Fund Holders: 97

S&P Global Inc. (NYSE:SPGI) is a financials company that provides credit ratings, benchmarks, analytics, and workflow solutions. The company caters primarily to the global capital, commodity, and automotive markets. It operates through six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

Raymond James’ Patrick O’Shaughnessy holds an Outperform rating on S&P Global Inc. (NYSE:SPGI) shares as of this June. The analyst also has a $417 price target on the stock.

This June, S&P Global Inc. (NYSE:SPGI) declared a $0.8 per share quarterly dividend with a forward yield of about 1.1%. The dividend is payable to shareholders on September 12th. According to Nasdaq, S&P Global Inc.’s (NYSE:SPGI) expected long-term earnings per share growth rate was 12% as of this March. Since the stock is expected to continue performing well for the next three to five years, it is among the top safe dividend stock picks in Loeb’s 13F holdings.

In the first quarter of 2022, 97 hedge funds were long S&P Global Inc. (NYSE:SPGI), with a total stake value of $9.9 billion.

Cooper Investors, an investment management firm, mentioned S&P Global Inc. (NYSE:SPGI) in its first-quarter 2022 investor letter. Here’s what they said:

“This quarter, S&P Global announced the successful completion of its acquisition of IHS Markit. The deal makes S&P a global leader across the information services industry. The Fund has been long term shareholders of S&P, building a position back in 2015 when the organisation was still named McGraw-Hill Financial. We saw the initial opportunity as it refocused the business from a publishing and financial conglomerate towards its core data and financial assets. S&P’s credit ratings, benchmarks and analytics businesses in global capital and commodity markets carry leading positions, defensible offerings, consistent growth and high margins – as true today as it was seven years ago. With the increased focus management have applied over a lengthy period we see improved revenue growth, margins and cash flows…” (Click here to see the full text)