5 Large-Cap Stocks With Insider Buying

3. CME Group Inc. (NASDAQ:CME)

Market Cap as of December 14: $64.27 Billion

Number of Hedge Fund Holders: 60

CME Group Inc. (NASDAQ:CME) is among the world’s largest and most diverse derivatives marketplace. It is a leader in providing investors and traders with access to exchange-traded futures, options, and other products. On December 5, CME Group Inc. (NASDAQ:CME) reported that Robert J. Tierney Jr., director at the company, acquired 1,500 common shares at $176.55 per share. The transaction was valued at $0.26 million. CME Group Inc. (NASDAQ:CME) is one of the large-cap stocks that insiders are buying right now.

On October 27, Deutsche Bank analyst Brian Bedell raised his price target on CME Group Inc. (NASDAQ:CME) to $202 from $200 and reiterated a Buy rating on the shares.

At the end of Q3 2022, 60 hedge funds were bullish on CME Group Inc. (NASDAQ:CME) and disclosed positions worth $2.67 billion. Of those, GuardCap Asset Management was the top investor in the company and held a position worth $740.4 million.

Here is what Baron Funds had to say about CME Group Inc. (NASDAQ:CME) in its third-quarter 2022 investor letter:

“CME Group Inc. (NASDAQ:CME) operates the world’s largest and most diversified derivatives marketplace. Shares fell 13% during the quarter (despite reporting strong average daily trading volume growth of 26% year-over year) due to concerns that EPS growth will slow in 2023 as the rate hike cycle comes to an end. We continue to own the stock due to CME’s strong competitive moats, its product breadth and liquidity depth, its durable growth characteristics driven by the secular shift from uncleared over-the-counter trading to exchange-traded futures, and tailwinds from the rising rate environment.”