Capital International Investors Acquires 87,411 Shares of CME Group Inc. $CME

Capital International Investors lifted its position in CME Group Inc. (NASDAQ:CME) by 2.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,197,668 shares of the financial services provider’s stock after purchasing an additional 87,411 shares during the period. Capital International Investors’ holdings in CME Group were worth $1,146,593,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of CME Group by 345.2% in the fourth quarter. SG Americas Securities LLC now owns 237,898 shares of the financial services provider’s stock worth $64,965,000 after buying an additional 184,459 shares in the last quarter. Dover Advisors LLC lifted its holdings in shares of CME Group by 95.5% in the third quarter. Dover Advisors LLC now owns 5,597 shares of the financial services provider’s stock worth $1,512,000 after buying an additional 2,734 shares in the last quarter. NEOS Investment Management LLC lifted its holdings in shares of CME Group by 32.5% in the third quarter. NEOS Investment Management LLC now owns 50,977 shares of the financial services provider’s stock worth $13,773,000 after buying an additional 12,503 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of CME Group by 1.6% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 114,411 shares of the financial services provider’s stock worth $30,913,000 after buying an additional 1,777 shares in the last quarter. Finally, First Bank & Trust purchased a new stake in shares of CME Group in the fourth quarter worth about $1,325,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CME has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on shares of CME Group from $313.00 to $329.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of CME Group from $342.00 to $322.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. The Goldman Sachs Group decreased their price objective on shares of CME Group from $275.00 to $267.00 and set a “sell” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings restated a “buy (a-)” rating on shares of CME Group in a research report on Friday, May 29th. Finally, TD Cowen decreased their price objective on shares of CME Group from $340.00 to $323.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, CME Group has a consensus rating of “Hold” and a consensus price target of $305.29.

CME Group Trading Up 0.5%

NASDAQ CME opened at $257.40 on Friday. The stock’s 50-day simple moving average is $288.35 and its two-hundred day simple moving average is $288.60. CME Group Inc. has a twelve month low of $244.56 and a twelve month high of $329.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $93.27 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.88 and a beta of 0.21.

CME Group (NASDAQ:CME) last released its quarterly 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 business 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 company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the business posted $2.80 earnings per share. Research analysts forecast that CME Group Inc. will post 12.28 EPS for the current fiscal year.

CME Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $5.20 annualized dividend and a yield of 2.0%. CME Group’s dividend payout ratio is currently 44.37%.

Insiders Place Their Bets

In other CME Group news, CEO Terrence A. Duffy sold 35,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 55,630 shares of the company’s stock, valued at $16,606,111.30. This represents a 38.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jonathan L. Marcus sold 3,291 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $333.37, for a total value of $1,097,120.67. Following the completion of the sale, the general counsel directly owned 7,192 shares of the company’s stock, valued at approximately $2,397,597.04. This represents a 31.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,044 shares of company stock valued at $13,297,507 over the last quarter. 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.