United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases Shares of 10,480 CME Group Inc. $CME

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in CME Group Inc. (NASDAQ:CME) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,480 shares of the financial services provider’s stock, valued at approximately $2,862,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in CME Group by 6.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,632 shares of the financial services provider’s stock valued at $3,723,000 after acquiring an additional 796 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in CME Group by 1.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 86,558 shares of the financial services provider’s stock valued at $23,637,000 after acquiring an additional 1,387 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in CME Group by 0.9% in the 4th quarter. Moors & Cabot Inc. now owns 26,735 shares of the financial services provider’s stock valued at $7,301,000 after acquiring an additional 227 shares during the last quarter. Huntington National Bank lifted its holdings in CME Group by 9.8% in the 4th quarter. Huntington National Bank now owns 5,092 shares of the financial services provider’s stock valued at $1,391,000 after acquiring an additional 455 shares during the last quarter. Finally, Redmond Asset Management LLC lifted its holdings in CME Group by 2.9% in the 4th quarter. Redmond Asset Management LLC now owns 14,846 shares of the financial services provider’s stock valued at $4,054,000 after acquiring an additional 419 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting CME Group

Here are the key news stories impacting CME Group this week:

• Positive Sentiment: CME announced that Chairman and CEO Terry Duffy will present at the Piper Sandler Global Exchange and Fintech Conference on June 4, which keeps the company visible to investors and may reinforce its growth story. Article Title
• Positive Sentiment: Recent coverage says CME’s planned 24/7 Bitcoin and Ethereum futures trading could attract more institutional crypto volume, which may support future derivatives activity and trading revenue. Article Title
• Neutral Sentiment: CME also lowered margin requirements on gold and silver futures, a move that may help keep trading active during volatile commodity markets but is not clearly a major fundamental catalyst. Article Title
• Neutral Sentiment: Macro commentary from the CME floor highlighted sticky inflation and stronger durable goods data, which could keep Fed policy uncertain and sustain trading activity, but the direct impact on CME stock is unclear. Article Title
• Negative Sentiment: Crypto articles suggesting Bitcoin’s “CME gap” may disappear with round-the-clock trading could reduce the market’s focus on CME-specific weekend price gaps, weakening one of the more visible trading narratives tied to the company’s crypto franchise. Article Title

Insider Activity

In other news, CEO Terrence A. Duffy sold 35,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $298.51, for a total value of $10,447,850.00. Following the transaction, the chief executive officer owned 55,630 shares in the company, valued at $16,606,111.30. This represents a 38.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hilda Harris Piell sold 5,753 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $304.63, for a total value of $1,752,536.39. Following the completion of the transaction, the insider owned 27,702 shares in the company, valued at $8,438,860.26. This represents a 17.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 44,044 shares of company stock worth $13,297,507 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CME. Argus reissued a “hold” rating on shares of CME Group in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of CME Group from $342.00 to $322.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Barclays reduced their price objective on shares of CME Group from $343.00 to $316.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. Raymond James Financial upped their price objective on shares of CME Group from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Piper Sandler upped their price objective on shares of CME Group from $313.00 to $329.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $305.29.

CME Group Price Performance

Shares of CME opened at $273.54 on Friday. The company has a market capitalization of $99.12 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 3.10 and a beta of 0.23. CME Group Inc. has a fifty-two week low of $257.17 and a fifty-two week high of $329.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50-day moving average is $293.28 and its 200-day moving average is $289.51.

CME Group (NASDAQ:CME) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.25. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.77 billion. CME Group had a return on equity of 15.42% and a net margin of 63.19%.The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.80 EPS. Equities research analysts expect that CME Group Inc. will post 12.28 EPS for the current fiscal year.

CME Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be issued a $1.30 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.9%. CME Group’s dividend payout ratio is currently 44.37%.

About CME Group

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.