3,580 Shares in CME Group Inc. $CME Acquired by Mattson Financial Services LLC

Mattson Financial Services LLC bought a new stake in CME Group Inc. (NASDAQ:CME) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 3,580 shares of the financial services provider’s stock, valued at approximately $967,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc raised its holdings in shares of CME Group by 0.5% in the 2nd quarter. Jessup Wealth Management Inc now owns 7,969 shares of the financial services provider’s stock valued at $2,197,000 after purchasing an additional 36 shares in the last quarter. First Horizon Advisors Inc. raised its stake in CME Group by 0.7% in the second quarter. First Horizon Advisors Inc. now owns 5,269 shares of the financial services provider’s stock valued at $1,453,000 after buying an additional 36 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of CME Group by 2.3% during the 1st quarter. Great Lakes Advisors LLC now owns 1,661 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 37 shares in the last quarter. MBM Wealth Consultants LLC boosted its position in shares of CME Group by 2.7% during the 2nd quarter. MBM Wealth Consultants LLC now owns 1,422 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 37 shares in the last quarter. Finally, Beaumont Financial Advisors LLC increased its holdings in shares of CME Group by 2.0% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 1,952 shares of the financial services provider’s stock valued at $538,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CME. Royal Bank Of Canada boosted their target price on CME Group from $282.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, December 5th. Raymond James Financial cut their price objective on shares of CME Group from $309.00 to $307.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. Rothschild & Co Redburn upped their target price on shares of CME Group from $297.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. increased their target price on shares of CME Group from $252.00 to $256.00 and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of CME Group from $310.00 to $318.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CME Group has an average rating of “Hold” and an average target price of $290.82.

CME Group Stock Performance

Shares of CME opened at $276.73 on Monday. The company’s 50 day simple moving average is $273.14 and its 200-day simple moving average is $271.90. The firm has a market cap of $99.79 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 3.73 and a beta of 0.28. CME Group Inc. has a 12-month low of $224.62 and a 12-month high of $290.79. 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 (NASDAQ:CME) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.05. CME Group had a net margin of 58.84% and a return on equity of 14.61%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the business earned $2.68 EPS. CME Group’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities analysts predict that CME Group Inc. will post 10.49 EPS for the current year.

CME Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 12th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, December 12th. CME Group’s payout ratio is 48.45%.

Insider Activity at CME Group

In other news, CEO Terrence A. Duffy sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $269.55, for a total value of $6,738,750.00. Following the transaction, the chief executive officer owned 65,804 shares of the company’s stock, valued at approximately $17,737,468.20. The trade was a 27.53% decrease in their ownership of the stock. 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 stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $263.53, for a total value of $263,530.00. Following the sale, the director directly owned 1,091 shares of the company’s stock, valued at approximately $287,511.23. This represents a 47.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by corporate insiders.

CME Group 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.