CME Group Inc. (NASDAQ:CME) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC decreased its holdings in shares of CME Group Inc. (NASDAQ:CME) by 13.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,485 shares of the financial services provider’s stock after selling 381 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in CME Group were worth $577,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC increased its holdings in shares of CME Group by 52.4% in the third quarter. Anchor Investment Management LLC now owns 378 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 130 shares during the period. World Investment Advisors LLC purchased a new position in CME Group in the 3rd quarter valued at $7,615,000. Wilmington Savings Fund Society FSB increased its stake in CME Group by 3.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 46,773 shares of the financial services provider’s stock valued at $10,320,000 after buying an additional 1,613 shares during the period. Franklin Resources Inc. increased its stake in CME Group by 70.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,427,107 shares of the financial services provider’s stock valued at $544,157,000 after buying an additional 1,003,119 shares during the period. Finally, Syntax Research Inc. purchased a new position in CME Group during the 3rd quarter worth $2,540,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Insiders Place Their Bets

In related news, insider Julie Winkler sold 11,592 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $249.17, for a total transaction of $2,888,378.64. Following the completion of the transaction, the insider now owns 21,885 shares of the company’s stock, valued at approximately $5,453,085.45. This represents a 34.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Howard J. Siegel sold 10,000 shares of CME Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $260.00, for a total transaction of $2,600,000.00. Following the completion of the transaction, the director now owns 21,873 shares in the company, valued at approximately $5,686,980. This trade represents a 31.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,076 shares of company stock valued at $6,871,496. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

CME has been the topic of a number of recent analyst reports. Raymond James upgraded shares of CME Group from a “market perform” rating to an “outperform” rating and set a $287.00 price target on the stock in a research note on Monday, March 10th. Erste Group Bank upgraded CME Group to a “strong-buy” rating in a research report on Monday, March 17th. Piper Sandler raised their price target on CME Group from $275.00 to $283.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Oppenheimer upped their price objective on CME Group from $269.00 to $279.00 and gave the stock an “outperform” rating in a report on Friday, April 11th. Finally, Barclays raised their target price on CME Group from $279.00 to $283.00 and gave the company an “equal weight” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CME Group has a consensus rating of “Hold” and a consensus price target of $256.80.

CME Group Stock Up 1.2 %

Shares of NASDAQ:CME opened at $266.30 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $95.96 billion, a P/E ratio of 27.54, a P/E/G ratio of 6.76 and a beta of 0.43. CME Group Inc. has a 52-week low of $190.70 and a 52-week high of $273.42. The stock’s fifty day simple moving average is $258.77 and its 200-day simple moving average is $241.95.

CME Group (NASDAQ:CME) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.19. CME Group had a net margin of 57.52% and a return on equity of 13.62%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.56 billion. As a group, equities research analysts forecast that CME Group Inc. will post 10.49 earnings per share for the current fiscal year.

CME Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 7th were given a dividend of $1.25 per share. The ex-dividend date was Friday, March 7th. This represents a $5.00 dividend on an annualized basis and a yield of 1.88%. This is a positive change from CME Group’s previous quarterly dividend of $1.15. CME Group’s dividend payout ratio (DPR) is 51.71%.

CME Group Profile

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.