11,117 Shares in CME Group Inc. $CME Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in shares of CME Group Inc. (NASDAQ:CME) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,117 shares of the financial services provider’s stock, valued at approximately $2,455,000.

Other large investors have also recently added to or reduced their stakes in the company. Bridgewater Advisors Inc. purchased a new position in shares of CME Group in the second quarter worth approximately $612,000. The Manufacturers Life Insurance Company purchased a new stake in shares of CME Group in the 2nd quarter valued at approximately $53,671,000. FLC Capital Advisors acquired a new position in CME Group in the 4th quarter worth approximately $2,122,000. Haverford Trust Co acquired a new position in CME Group in the 2nd quarter worth approximately $13,818,000. Finally, HighTower Advisors LLC grew its position in CME Group by 6.9% during the 4th quarter. HighTower Advisors LLC now owns 352,922 shares of the financial services provider’s stock worth $96,376,000 after purchasing an additional 22,692 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings downgraded shares of CME Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Rothschild & Co Redburn raised CME Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $316.00 to $323.00 in a research report on Thursday, June 11th. Raymond James Financial reissued an “outperform” rating and issued a $320.00 price objective on shares of CME Group in a research note on Thursday, July 2nd. The Goldman Sachs Group dropped their target price on CME Group from $267.00 to $245.00 and set a “sell” rating on the stock in a report on Tuesday, June 30th. Finally, Bank of America raised their price target on shares of CME Group from $226.00 to $230.00 and gave the stock an “underperform” rating in a report on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $288.56.

Insider Transactions at CME Group

In other CME Group news, Director William R. Shepard bought 325 shares of the stock in a transaction on Thursday, June 25th. The shares were purchased at an average cost of $230.57 per share, with a total value of $74,935.25. Following the completion of the transaction, the director directly owned 260,442 shares of the company’s stock, valued at $60,050,111.94. This represents a 0.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

CME Group Trading Up 1.7%

Shares of NASDAQ CME opened at $285.80 on Friday. The business has a 50 day simple moving average of $253.80 and a 200 day simple moving average of $279.13. CME Group Inc. has a 52 week low of $218.31 and a 52 week high of $329.16. The stock has a market cap of $102.77 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 3.40 and a beta of 0.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.08. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.68 billion. CME Group had a net margin of 63.30% and a return on equity of 15.60%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.96 earnings per share. On average, research analysts predict that CME Group Inc. will post 12.27 earnings per share for the current fiscal year.

CME Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a $1.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $5.20 dividend on an annualized basis and a yield of 1.8%. CME Group’s dividend payout ratio is currently 44.11%.

About CME Group

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.