MainStreet Investment Advisors LLC lifted its holdings in shares of CME Group Inc (NASDAQ:CME) by 55.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 6,194 shares of the financial services provider’s stock after acquiring an additional 2,216 shares during the period. MainStreet Investment Advisors LLC’s holdings in CME Group were worth $1,071,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Capital World Investors lifted its holdings in CME Group by 0.6% during the 4th quarter. Capital World Investors now owns 35,795,428 shares of the financial services provider’s stock valued at $7,184,855,000 after purchasing an additional 212,763 shares during the last quarter. BlackRock Inc. lifted its holdings in CME Group by 4.6% during the 1st quarter. BlackRock Inc. now owns 26,645,530 shares of the financial services provider’s stock valued at $4,607,281,000 after purchasing an additional 1,179,970 shares during the last quarter. State Street Corp lifted its holdings in CME Group by 0.6% during the 4th quarter. State Street Corp now owns 16,449,910 shares of the financial services provider’s stock valued at $3,342,845,000 after purchasing an additional 90,579 shares during the last quarter. Capital Research Global Investors lifted its holdings in CME Group by 1.9% during the 4th quarter. Capital Research Global Investors now owns 13,595,685 shares of the financial services provider’s stock valued at $2,728,926,000 after purchasing an additional 250,389 shares during the last quarter. Finally, FMR LLC lifted its holdings in CME Group by 14.7% during the 4th quarter. FMR LLC now owns 7,774,032 shares of the financial services provider’s stock valued at $1,560,404,000 after purchasing an additional 996,023 shares during the last quarter. 85.08% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the stock. Bank of America cut their price target on shares of CME Group from $216.00 to $168.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. BidaskClub downgraded shares of CME Group from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Oppenheimer reissued a “buy” rating and set a $216.00 price target on shares of CME Group in a report on Tuesday, April 21st. Wells Fargo & Co boosted their target price on shares of CME Group from $180.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Finally, Barclays reaffirmed a “buy” rating and issued a $200.00 target price on shares of CME Group in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $193.67.
Shares of NASDAQ:CME traded up $0.62 during trading on Friday, hitting $178.80. 993,082 shares of the company’s stock were exchanged, compared to its average volume of 1,745,097. CME Group Inc has a 1-year low of $131.80 and a 1-year high of $225.36. The firm has a 50-day moving average price of $181.12 and a two-hundred day moving average price of $196.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $63.89 billion, a P/E ratio of 26.85, a PEG ratio of 4.28 and a beta of 0.32.
CME Group (NASDAQ:CME) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $2.33 EPS for the quarter, topping the consensus estimate of $2.23 by $0.10. CME Group had a net margin of 45.79% and a return on equity of 10.15%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company earned $1.62 EPS. CME Group’s revenue was up 29.0% on a year-over-year basis. As a group, research analysts predict that CME Group Inc will post 7.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Tuesday, June 9th. CME Group’s dividend payout ratio is 50.00%.
In other news, COO Julie Holzrichter sold 3,061 shares of CME Group stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $203.37, for a total transaction of $622,515.57. Following the completion of the sale, the chief operating officer now owns 37,284 shares in the company, valued at approximately $7,582,447.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Julie Winkler sold 5,620 shares of CME Group stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $210.97, for a total transaction of $1,185,651.40. Following the sale, the insider now owns 25,114 shares of the company’s stock, valued at approximately $5,298,300.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,692 shares of company stock valued at $2,350,147. 1.20% of the stock is owned by corporate insiders.
CME Group Company Profile
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 commodities, and metals, as well as fixed income products.
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