5 Stocks to Buy According to GuardCap Asset Management

1. CME Group Inc. (NASDAQ:CME)

GuardCap Asset Management’s Stake Value: $987,307,000
Percentage of GuardCap Asset Management’s 13F Portfolio: 12.93%
Number of Hedge Fund Holders: 58

CME Group Inc. (NASDAQ:CME) administers a derivatives marketplace that provides various risk management futures and options products. On May 4, CME Group Inc. (NASDAQ:CME) issued a quarterly dividend of $1.00 per share, in line with previous. The forward yield was 1.83%.

58 hedge funds held positions in CME Group Inc. (NASDAQ:CME) at the close of the first quarter, with a combined value of $2.95 billion. This is up from 55 bullish hedge fund bets on CME Group Inc. (NASDAQ:CME) a quarter ago.

CME Group Inc. (NASDAQ:CME) was raised to Outperform from Perform by Oppenheimer analyst Owen Lau on May 25, with a price target of $223. Lau wrote in a research letter to investors that the upgrade is based on the premise that there would be no significant calamities or recession in the foreseeable future.

GuardCap Asset Management increased its stake by 3% in CME Group Inc. (NASDAQ:CME) in the first quarter of 2022. The hedge fund held 4.15 million shares of the firm compared to 4.06 million shares in the fourth quarter of 2021.

In its Q1 2022 investor letter, Baron Funds mentioned CME Group Inc. (NASDAQ:CME). Here is what the fund said:

“CME Group, Inc. (NASDAQ:CME) operates the world’s largest and most diversified derivatives marketplace. Shares rose 4.6%, contributing to results as elevated market volatility and rising interest rates led to higher trading activity on CME’s exchanges. Average daily trading volume increased 19% year-over-year with notable strength in Interest Rates and Equities products. We continue to own the stock due to CME’s strong competitive moats, underpinned by its product breadth and liquidity depth, as well as its sustainable growth characteristics driven by the secular shift from uncleared over-the-counter trading to exchange-traded futures while also benefiting from the rising rate environment.”

You can also take a peek at 10 Best Real Estate Stocks to Buy in 2022 According to Eduardo Abush’s Waterfront Capital Partners and 9 Stocks to Buy in 2022 According to Mark Massey’s AltaRock Partners.

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