Midwest Trust Co Takes Position in Circle Internet Group, Inc. $CRCL

Midwest Trust Co bought a new position in Circle Internet Group, Inc. (NYSE:CRCL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 48,500 shares of the company’s stock, valued at approximately $3,846,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CRCL. Ballentine Partners LLC acquired a new position in shares of Circle Internet Group in the 4th quarter valued at $18,353,000. International Assets Investment Management LLC acquired a new stake in Circle Internet Group during the 4th quarter worth about $451,000. Crestwood Advisors Group LLC acquired a new stake in Circle Internet Group during the 4th quarter worth about $342,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Circle Internet Group by 92.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,961 shares of the company’s stock valued at $6,174,000 after buying an additional 35,461 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd lifted its stake in Circle Internet Group by 25,000.0% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 50,200 shares of the company’s stock valued at $3,981,000 after buying an additional 50,000 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Needham & Company LLC dropped their target price on shares of Circle Internet Group from $190.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Compass Point reaffirmed a “sell” rating and issued a $77.00 price objective (down from $79.00) on shares of Circle Internet Group in a research note on Thursday, April 9th. Canaccord Genuity Group reiterated a “buy” rating and set a $160.00 price objective on shares of Circle Internet Group in a research report on Wednesday, March 25th. Wall Street Zen downgraded shares of Circle Internet Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Zacks Research upgraded Circle Internet Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Circle Internet Group presently has an average rating of “Hold” and an average target price of $129.06.

Trending Headlines about Circle Internet Group

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Circle continues to benefit from growing adoption of USDC and broader crypto infrastructure demand. One article highlighted that U.S. legislation and EU licensing are helping position Circle as a key regulated digital finance player. The Great Crypto Thaw: Regulation Ignites an Infrastructure Boom
• Positive Sentiment: Circle is also expanding product integrations, including USDC and AI capabilities within Kyriba’s treasury platform, and a separate report said the stock jumped after expanding USDC settlement through a Mesh collaboration. Circle Internet Group (CRCL) Integrates USDC and AI into Kyriba’s Treasury Platform Why Circle Internet Group (CRCL) Is Up 27.5% After Expanding USDC Settlement Through Mesh Collaboration
• Positive Sentiment: Wells Fargo raised its price target on Circle to $142, signaling continued Wall Street confidence in the company’s long-term prospects. Wells Fargo & Company Increases Circle Internet Group (NYSE:CRCL) Price Target to $142.00
• Neutral Sentiment: A value-stock comparison with Virtu Financial (VIRT) did not identify a clear catalyst for Circle, but it keeps CRCL on investors’ radar as a potential long-term growth name versus a traditional financial-services peer. VIRT or CRCL: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Several insiders, including a director and the CFO, sold shares ahead of earnings, which can signal caution and has weighed on sentiment. Circle Internet Group (NYSE:CRCL) Director Sells $179,278.26 in Stock Circle Internet Group (NYSE:CRCL) CFO Sells $453,889.80 in Stock Circle Stock Shifts Lower as Board Member Sells Shares
• Negative Sentiment: Additional reports of share sales by board members and executives have added to the overhang on CRCL, reinforcing concerns about near-term insider confidence. M Michele Burns Sells 10,000 Shares of Circle Internet Group (NYSE:CRCL) Stock Jeremy Fox-Geen Sells 7,200 Shares of Circle Internet Group (NYSE:CRCL) Stock
• Negative Sentiment: Analysts have also flagged Circle’s rich valuation and margin pressure as possible limits to further upside heading into earnings. Circle Before Q1 Earnings Release: Buy, Hold or Sell the Stock?

Circle Internet Group Stock Down 0.9%

Shares of NYSE:CRCL opened at $112.59 on Monday. The firm has a fifty day moving average of $103.32 and a two-hundred day moving average of $90.26. Circle Internet Group, Inc. has a 12-month low of $49.90 and a 12-month high of $298.99. The firm has a market capitalization of $27.79 billion and a P/E ratio of -60.53.

Circle Internet Group (NYSE:CRCL) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.18. The firm had revenue of $770.23 million for the quarter. The firm’s revenue for the quarter was up 76.9% compared to the same quarter last year. Equities research analysts expect that Circle Internet Group, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Activity at Circle Internet Group

In other news, CFO Jeremy Fox-Geen sold 4,238 shares of Circle Internet Group stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $107.10, for a total transaction of $453,889.80. Following the completion of the sale, the chief financial officer directly owned 355,611 shares in the company, valued at $38,085,938.10. The trade was a 1.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Patrick Sean Neville sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $92.65, for a total value of $2,779,500.00. Following the completion of the sale, the director directly owned 30,000 shares of the company’s stock, valued at approximately $2,779,500. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 617,464 shares of company stock worth $60,251,749. 10.85% of the stock is currently owned by corporate insiders.

Circle Internet Group 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.