Lake Street Advisors Group LLC Purchases New Holdings in CME Group Inc (CME)

Lake Street Advisors Group LLC purchased a new stake in CME Group Inc (NASDAQ:CME) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,275 shares of the financial services provider’s stock, valued at approximately $624,000.

Several other large investors have also added to or reduced their stakes in the business. Capital International Investors raised its holdings in shares of CME Group by 11.4% during the 3rd quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock valued at $1,694,514,000 after buying an additional 1,279,058 shares in the last quarter. Thornburg Investment Management Inc. raised its holdings in shares of CME Group by 5.4% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,902,886 shares of the financial services provider’s stock valued at $529,544,000 after buying an additional 200,483 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CME Group by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 3,695,039 shares of the financial services provider’s stock valued at $538,556,000 after buying an additional 189,971 shares in the last quarter. Jackson Square Partners LLC raised its holdings in shares of CME Group by 672.4% during the 4th quarter. Jackson Square Partners LLC now owns 2,773,705 shares of the financial services provider’s stock valued at $405,099,000 after buying an additional 2,414,593 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of CME Group by 53.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,201,333 shares of the financial services provider’s stock valued at $321,505,000 after buying an additional 764,129 shares in the last quarter. 83.09% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts recently weighed in on the company. Barclays raised their price objective on CME Group from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Sandler O’Neill restated a “buy” rating and set a $175.00 price target on shares of CME Group in a research report on Friday, February 2nd. Citigroup restated a “buy” rating and set a $172.00 price target (up from $155.00) on shares of CME Group in a research report on Monday, January 29th. Bank of America raised their price target on CME Group from $173.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub upgraded CME Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 10th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. CME Group presently has a consensus rating of “Buy” and an average price target of $157.77.

In other news, Chairman Terrence A. Duffy sold 20,000 shares of CME Group stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $151.66, for a total value of $3,033,200.00. Following the sale, the chairman now directly owns 99,239 shares in the company, valued at approximately $15,050,586.74. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald A. Pankau sold 200 shares of CME Group stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $159.91, for a total value of $31,982.00. Following the completion of the sale, the director now owns 3,809 shares in the company, valued at $609,097.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,699 shares of company stock worth $6,266,062. Corporate insiders own 0.57% of the company’s stock.

CME Group Inc (NASDAQ CME) opened at $163.54 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.10. CME Group Inc has a 1 year low of $114.82 and a 1 year high of $171.71. The stock has a market capitalization of $56,204.37, a P/E ratio of 13.70, a P/E/G ratio of 2.45 and a beta of 0.54.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.02. The firm had revenue of $900.00 million for the quarter, compared to analyst estimates of $886.85 million. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. analysts predict that CME Group Inc will post 6.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 9th will be given a $0.70 dividend. This is a positive change from CME Group’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, March 8th. CME Group’s dividend payout ratio (DPR) is currently 23.45%.

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

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