Winnow Wealth LLC Increases Stake in CME Group Inc. $CME

Winnow Wealth LLC raised its stake in CME Group Inc. (NASDAQ:CME) by 43,330.0% during the third quarter, Holdings Channel reports. The firm owned 4,343 shares of the financial services provider’s stock after purchasing an additional 4,333 shares during the period. CME Group makes up about 0.9% of Winnow Wealth LLC’s holdings, making the stock its 24th biggest holding. Winnow Wealth LLC’s holdings in CME Group were worth $1,177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CME. Norges Bank purchased a new stake in CME Group during the second quarter worth approximately $1,571,447,000. Viking Global Investors LP purchased a new position in CME Group in the 2nd quarter valued at about $164,648,000. Vanguard Group Inc. lifted its stake in shares of CME Group by 1.5% in the second quarter. Vanguard Group Inc. now owns 35,176,376 shares of the financial services provider’s stock worth $9,695,313,000 after acquiring an additional 532,549 shares in the last quarter. Magellan Asset Management Ltd lifted its stake in shares of CME Group by 131,625.5% in the second quarter. Magellan Asset Management Ltd now owns 486,067 shares of the financial services provider’s stock worth $133,970,000 after acquiring an additional 485,698 shares in the last quarter. Finally, HRT Financial LP purchased a new position in CME Group in the second quarter valued at about $127,103,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director William R. Shepard purchased 251 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The shares were acquired at an average price of $278.37 per share, with a total value of $69,870.87. Following the acquisition, the director owned 258,710 shares in the company, valued at approximately $72,017,102.70. This trade represents a 0.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harold Eugene Jr. Ford sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $263.53, for a total value of $263,530.00. Following the transaction, the director owned 1,091 shares of the company’s stock, valued at $287,511.23. This represents a 47.82% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on CME. Royal Bank Of Canada lifted their price objective on CME Group from $282.00 to $295.00 and gave the stock a “sector perform” rating in a report on Friday, December 5th. Rothschild & Co Redburn lifted their price target on shares of CME Group from $297.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Piper Sandler upped their price target on shares of CME Group from $296.00 to $313.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Keefe, Bruyette & Woods increased their price objective on shares of CME Group from $283.00 to $287.00 and gave the company a “market perform” rating in a research note on Monday, October 13th. Finally, TD Cowen raised shares of CME Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 14th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $292.18.

CME Group Stock Down 0.3%

Shares of NASDAQ:CME opened at $289.06 on Friday. The company’s fifty day moving average is $275.25 and its two-hundred day moving average is $272.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. CME Group Inc. has a 1-year low of $233.66 and a 1-year high of $291.76. The stock has a market capitalization of $104.24 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 3.26 and a beta of 0.27.

CME Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 12th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, December 12th. This represents a $5.00 annualized dividend and a yield of 1.7%. CME Group’s dividend payout ratio is 48.45%.

CME Group Company Profile

CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.