Steward Partners Investment Advisory LLC Purchases Shares of 9,406 CME Group Inc (CME)
Steward Partners Investment Advisory LLC purchased a new stake in CME Group Inc (NASDAQ:CME) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,406 shares of the financial services provider’s stock, valued at approximately $1,276,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of CME Group by 85.8% in the third quarter. Public Employees Retirement System of Ohio now owns 434,998 shares of the financial services provider’s stock valued at $59,021,000 after purchasing an additional 200,825 shares in the last quarter. Smith Shellnut Wilson LLC ADV acquired a new position in shares of CME Group in the third quarter valued at approximately $231,000. Cypress Capital Group grew its holdings in shares of CME Group by 1.0% in the third quarter. Cypress Capital Group now owns 64,107 shares of the financial services provider’s stock valued at $8,698,000 after purchasing an additional 645 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of CME Group in the third quarter valued at approximately $380,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of CME Group in the third quarter valued at approximately $1,289,000. 83.17% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Julie Winkler sold 2,457 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $150.41, for a total value of $369,557.37. Following the completion of the transaction, the insider now owns 16,318 shares in the company, valued at approximately $2,454,390.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John W. Pietrowicz sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,628 shares of company stock valued at $5,288,800 in the last quarter. 0.57% of the stock is currently owned by company insiders.
CME Group Inc (NASDAQ CME) opened at $151.07 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. CME Group Inc has a twelve month low of $113.27 and a twelve month high of $155.29. The company has a market cap of $51,410.00, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.73.
CME Group (NASDAQ:CME) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.16 by $0.03. CME Group had a net margin of 40.94% and a return on equity of 7.89%. The company had revenue of $890.80 million during the quarter, compared to analysts’ expectations of $890.22 million. During the same quarter in the previous year, the business posted $1.05 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. equities analysts forecast that CME Group Inc will post 4.78 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th will be issued a dividend of $3.50 per share. The ex-dividend date of this dividend is Wednesday, December 27th. This is a boost from CME Group’s previous dividend of $3.25. CME Group’s payout ratio is 59.86%.
A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of CME Group from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Citigroup lifted their price objective on shares of CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $127.00 price objective on shares of CME Group in a report on Friday, August 18th. UBS restated a “buy” rating and issued a $135.00 price objective (up previously from $134.00) on shares of CME Group in a report on Wednesday, September 6th. Finally, Barclays lifted their price objective on shares of CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $141.75.
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About CME Group
CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.
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