5 Long-Term Stocks to Buy

2. CME Group Inc. (NASDAQ:CME)

GuardCap Asset Management’s Stake Value: $808,365,625  

Percentage of GuardCap Asset Management’s 13F Portfolio: 11.22%

Number of Hedge Fund Holders: 55

Based in Chicago, Illinois, CME Group Inc. (NASDAQ:CME) is the world’s leading derivatives marketplace. Through its trading facilities in New York and Chicago, and its CME Globex® electronic trading platform, the company provides access to products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather, and real estate.

On October 25, CME Group Inc. (NASDAQ:CME) released its financial results for Q3 2023. Its revenue increased by 9% y-o-y to $1.3 billion, while net income increased by 10% y-o-y to $750 million. It reported an EPS of $2.06 which missed the consensus estimates by $0.04. The company also declared a fourth-quarter dividend of $1.10 per share.

Following the earnings release, Barclays analyst Jeremy Campbell lowered the target price for CME Group Inc. (NASDAQ:CME) shares to $244 from $247 and maintained an ‘Overweight’ rating for the shares.