S&P Global (SPGI) is a financial information and analytics company. It is the parent of S&P Global Ratings, S&P Global Market Intelligence, and S&P Global Platts. It also owns the famous S&P Dow Jones Indices. Financial markets have grown tremendously over the past couple of decades and are projected to grow further. Therefore, demand for financial information and analytics is expected to remain strong. Stocks like S&P Global can offer long-term returns if investors find the fundamentals of such companies to be robust. If you are looking for a financial stock to invest in right now, then there are quite a few options. Regional banks had been doing very well but have now seemed to run out of steam. Larger banks like Bank of America, JP Morgan, etc., are also an option. However, niche financial services businesses like S&P Global can be worth exploring.
A Brief Background About S&P Global
S&P stands for Standard and Poor’s, which was a credit rating agency. That company traces its roots back to 1860. In 1964, publishing company McGraw-Hill purchased Standard and Poor’s. Eventually, the publishing company underwent several transformations and changed its name to S&P Global in April 2016. Today, the company has four main business segments, global ratings, market intelligence, Dow Jones indices, and Platts. The rating business provides credit rating on investment instruments as well as on ESG metrics. The market intelligence business focuses on providing insights and analytical as well as data services for research assessment and understanding of market dynamics and opportunities. Dow Jones indices provide one of the world’s largest resources for index-based data and research. Platts provides information and benchmark prices for commodity and energy markets. So, S&P Global’s business covers a wide range of areas, and such diversified businesses are candidates for a top financial stock 2021.
Financial Stock To Invest In Right Now
S&P Global trades on the New York Stock Exchange under the ticker symbol SPGI. The price of the stock was $412.36 on 25th June 2021. The stock was trading at a P/E of over 40. Its 52-week high was $412.93, while its 52-week low was $303.50.