Jupiter Asset Management Ltd. increased its position in CME Group Inc (NASDAQ:CME) by 30.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 335,278 shares of the financial services provider’s stock after purchasing an additional 79,210 shares during the period. CME Group accounts for 1.7% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 8th biggest position. Jupiter Asset Management Ltd.’s holdings in CME Group were worth $57,644,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Xact Kapitalforvaltning AB grew its position in CME Group by 5.1% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 61,915 shares of the financial services provider’s stock worth $10,149,000 after purchasing an additional 2,999 shares during the last quarter. Fred Alger Management Inc. grew its position in CME Group by 2.9% in the 2nd quarter. Fred Alger Management Inc. now owns 93,205 shares of the financial services provider’s stock worth $15,278,000 after purchasing an additional 2,607 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in CME Group in the 2nd quarter worth about $153,000. Steward Partners Investment Advisory LLC grew its position in CME Group by 25.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 11,532 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 2,351 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its position in CME Group by 8.7% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 23,911 shares of the financial services provider’s stock worth $3,919,000 after purchasing an additional 1,905 shares during the last quarter. 84.55% of the stock is currently owned by institutional investors.

In related news, Director Martin J. Gepsman sold 300 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $172.30, for a total transaction of $51,690.00. Following the completion of the sale, the director now directly owns 42,912 shares of the company’s stock, valued at $7,393,737.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Julie Holzrichter sold 3,353 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $186.71, for a total transaction of $626,038.63. Following the sale, the chief operating officer now directly owns 45,627 shares of the company’s stock, valued at $8,519,017.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,572 shares of company stock valued at $4,206,309. Company insiders own 0.43% of the company’s stock.

Several research analysts have commented on the stock. Deutsche Bank upped their target price on shares of CME Group from $205.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Co upped their target price on shares of CME Group from $175.00 to $177.00 and gave the stock a “market perform” rating in a research report on Friday, October 26th. Bank of America reaffirmed a “buy” rating and issued a $200.00 price target on shares of CME Group in a research note on Monday, November 5th. BidaskClub raised shares of CME Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 9th. Finally, Berenberg Bank set a $184.00 price target on shares of CME Group and gave the stock a “hold” rating in a research note on Thursday, September 20th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. CME Group has a consensus rating of “Buy” and an average target price of $183.77.

Shares of NASDAQ:CME opened at $195.61 on Monday. The company has a market capitalization of $66.48 billion, a PE ratio of 41.01, a P/E/G ratio of 2.27 and a beta of 0.49. CME Group Inc has a twelve month low of $139.04 and a twelve month high of $196.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.15.

CME Group (NASDAQ:CME) last issued its quarterly earnings results on Thursday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.03. The company had revenue of $904.20 million during the quarter, compared to analyst estimates of $910.50 million. CME Group had a net margin of 113.67% and a return on equity of 9.18%. Equities analysts forecast that CME Group Inc will post 6.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Monday, December 10th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, December 7th. CME Group’s dividend payout ratio is currently 58.70%.

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About CME Group

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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