Crux Wealth Advisors Decreases Stock Position in CME Group Inc. $CME

Crux Wealth Advisors reduced its position in CME Group Inc. (NASDAQ:CME) by 52.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,572 shares of the financial services provider’s stock after selling 1,751 shares during the period. Crux Wealth Advisors’ holdings in CME Group were worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Great Lakes Advisors LLC boosted its holdings in shares of CME Group by 2.3% in the first 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 during the period. Beaumont Financial Advisors LLC boosted its holdings in shares of CME Group by 2.0% in the second quarter. Beaumont Financial Advisors LLC now owns 1,952 shares of the financial services provider’s stock worth $538,000 after acquiring an additional 38 shares during the period. Trifecta Capital Advisors LLC boosted its holdings in shares of CME Group by 59.2% in the second quarter. Trifecta Capital Advisors LLC now owns 113 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 42 shares during the period. OneAscent Financial Services LLC boosted its holdings in shares of CME Group by 4.0% in the first quarter. OneAscent Financial Services LLC now owns 1,106 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 43 shares during the period. Finally, Highline Wealth Partners LLC boosted its holdings in shares of CME Group by 84.3% in the second quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 43 shares during the period. 87.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CME has been the subject of a number of analyst reports. Morgan Stanley raised their price target on CME Group from $303.00 to $312.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. Citigroup raised CME Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $275.00 to $300.00 in a research note on Thursday, September 25th. Jefferies Financial Group dropped their price objective on CME Group from $313.00 to $304.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of CME Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered CME Group from a “hold” rating to a “sell” rating in a research note on Sunday, July 13th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, CME Group has a consensus rating of “Hold” and a consensus price target of $283.71.

CME Group Stock Up 2.1%

CME opened at $267.93 on Friday. The company has a market cap of $96.56 billion, a P/E ratio of 25.94, a P/E/G ratio of 6.16 and a beta of 0.41. The business’s 50-day moving average price is $267.30 and its 200-day moving average price is $271.38. 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 12 month low of $213.94 and a 12 month high of $290.79.

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

CME Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Tuesday, September 9th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 9th. CME Group’s payout ratio is presently 48.40%.

Insider Transactions at CME Group

In other CME Group news, insider Timothy Francis Mccourt sold 379 shares of CME Group stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total transaction of $98,475.57. Following the sale, the insider directly owned 9,508 shares of the company’s stock, valued at approximately $2,470,463.64. The trade was a 3.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Jonathan L. Marcus sold 392 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,056,962. This represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,043 shares of company stock valued at $3,527,956. Insiders own 0.30% of the company’s stock.

CME Group Company 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.