Legal & General Group Plc Purchases 117,034 Shares of Circle Internet Group, Inc. $CRCL

Legal & General Group Plc increased its position in Circle Internet Group, Inc. (NYSE:CRCL) by 1,292.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 126,091 shares of the company’s stock after buying an additional 117,034 shares during the period. Legal & General Group Plc’s holdings in Circle Internet Group were worth $9,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of CRCL. Bartlett & CO. Wealth Management LLC bought a new position in Circle Internet Group in the 4th quarter worth $25,000. Larson Financial Group LLC raised its holdings in Circle Internet Group by 3,800.0% in the 3rd quarter. Larson Financial Group LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 190 shares during the period. EverSource Wealth Advisors LLC bought a new position in Circle Internet Group in the 2nd quarter worth $27,000. Bellevue Asset Management LLC bought a new position in Circle Internet Group in the 4th quarter worth $29,000. Finally, Montag A & Associates Inc. bought a new position in Circle Internet Group in the 3rd quarter worth $33,000.

Analysts Set New Price Targets

Several research analysts recently commented on CRCL shares. Freedom Capital upgraded shares of Circle Internet Group to a “hold” rating in a report on Tuesday, April 21st. Morgan Stanley lifted their target price on shares of Circle Internet Group from $80.00 to $106.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. KeyCorp began coverage on shares of Circle Internet Group in a report on Tuesday, May 26th. They issued a “sector weight” rating on the stock. Zacks Research upgraded shares of Circle Internet Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, HC Wainwright upgraded shares of Circle Internet Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $150.00 in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Circle Internet Group presently has an average rating of “Hold” and an average target price of $137.12.

Insider Activity at Circle Internet Group

In other news, insider Nikhil Chandhok sold 10,000 shares of Circle Internet Group stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $123.08, for a total transaction of $1,230,800.00. Following the sale, the insider directly owned 540,376 shares in the company, valued at approximately $66,509,478.08. The trade was a 1.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director M Michele Burns sold 11,670 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $112.71, for a total transaction of $1,315,325.70. Following the completion of the sale, the director directly owned 343,538 shares in the company, valued at approximately $38,720,167.98. The trade was a 3.29% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 236,617 shares of company stock worth $25,045,808. 10.85% of the stock is owned by company insiders.

Circle Internet Group Stock Performance

NYSE:CRCL opened at $90.84 on Friday. The firm’s 50-day moving average is $103.66 and its 200-day moving average is $89.61. Circle Internet Group, Inc. has a 52-week low of $49.90 and a 52-week high of $298.99. The company has a market cap of $22.58 billion and a price-to-earnings ratio of -28.39.

Circle Internet Group (NYSE:CRCL) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.06). Circle Internet Group had a positive return on equity of 2.89% and a negative net margin of 2.76%.The company had revenue of $694.13 million for the quarter. The company’s quarterly revenue was up 20.0% on a year-over-year basis. Equities analysts predict that Circle Internet Group, Inc. will post 1.02 EPS for the current year.

Circle Internet Group Company Profile

Circle Internet Group (NYSE: CRCL) is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USDC, a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.