Trust Co. of Toledo NA OH Sells 54 Shares of CME Group Inc. $CME

Trust Co. of Toledo NA OH trimmed its position in CME Group Inc. (NASDAQ:CME) by 0.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 7,751 shares of the financial services provider’s stock after selling 54 shares during the period. Trust Co. of Toledo NA OH’s holdings in CME Group were worth $2,136,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new position in CME Group in the first quarter valued at about $25,000. Webster Bank N. A. boosted its position in CME Group by 206.9% during the 2nd quarter. Webster Bank N. A. now owns 89 shares of the financial services provider’s stock worth $25,000 after buying an additional 60 shares during the period. Cornerstone Planning Group LLC boosted its position in CME Group by 122.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 100 shares of the financial services provider’s stock worth $26,000 after buying an additional 55 shares during the period. Highline Wealth Partners LLC boosted its position in CME Group by 84.3% during the 2nd quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider’s stock worth $26,000 after buying an additional 43 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in CME Group by 612.5% during the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider’s stock worth $30,000 after buying an additional 98 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CME has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of CME Group from $303.00 to $312.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Piper Sandler lifted their target price on CME Group from $283.00 to $296.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Citigroup upgraded CME Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $275.00 to $300.00 in a research report on Thursday, September 25th. Jefferies Financial Group lowered their price objective on CME Group from $313.00 to $304.00 and set a “buy” rating for the company in a research report on Friday. Finally, Oppenheimer raised their price objective on CME Group from $300.00 to $303.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $281.00.

CME Group Stock Performance

CME stock opened at $271.45 on Friday. The firm has a market cap of $97.83 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 5.67 and a beta of 0.41. The stock has a 50-day moving average price of $268.89 and a 200-day moving average price of $271.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. CME Group Inc. has a 1-year low of $213.94 and a 1-year high of $290.79.

CME Group (NASDAQ:CME) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.05. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. CME Group had a return on equity of 14.60% and a net margin of 58.48%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.56 earnings per share. As a group, equities research analysts expect that CME Group Inc. will post 10.49 earnings per share for the current year.

CME Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Tuesday, September 9th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 9th. CME Group’s payout ratio is 48.40%.

Insider Activity at CME Group

In related news, General Counsel Jonathan L. Marcus sold 392 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $262.00, for a total value of $102,704.00. Following the completion of the sale, the general counsel directly owned 7,851 shares of the company’s stock, valued at $2,056,962. The trade was a 4.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William R. Shepard acquired 262 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average price of $265.19 per share, with a total value of $69,479.78. Following the acquisition, the director owned 258,459 shares of the company’s stock, valued at approximately $68,540,742.21. This represents a 0.10% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 13,043 shares of company stock valued at $3,527,956. 0.30% of the stock is currently owned by company insiders.

CME Group Profile

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.