1,074 Shares in CME Group Inc. $CME Bought by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC acquired a new position in CME Group Inc. (NASDAQ:CME) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,074 shares of the financial services provider’s stock, valued at approximately $296,000.

A number of other large investors have also recently bought and sold shares of the business. Great Lakes Advisors LLC boosted its holdings in CME Group by 2.3% in the first quarter. Great Lakes Advisors LLC now owns 1,661 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 37 shares in the last quarter. Beaumont Financial Advisors LLC boosted its holdings in CME Group by 2.0% in the second quarter. Beaumont Financial Advisors LLC now owns 1,952 shares of the financial services provider’s stock worth $538,000 after purchasing an additional 38 shares in the last quarter. Trifecta Capital Advisors LLC boosted its holdings in CME Group by 59.2% during the second quarter. Trifecta Capital Advisors LLC now owns 113 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 42 shares during the period. OneAscent Financial Services LLC boosted its holdings in CME Group by 4.0% during the first quarter. OneAscent Financial Services LLC now owns 1,106 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 43 shares during the period. Finally, Highline Wealth Partners LLC boosted its holdings in CME Group by 84.3% during the second quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 43 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CME. Barclays decreased their price target on shares of CME Group from $298.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Oppenheimer upped their price target on shares of CME Group from $300.00 to $303.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. UBS Group decreased their price target on shares of CME Group from $305.00 to $285.00 and set a “neutral” rating for the company in a report on Monday, September 8th. Piper Sandler upped their price target on shares of CME Group from $283.00 to $296.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Finally, TD Cowen upped their price target on shares of CME Group from $281.00 to $288.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $283.71.

CME Group Stock Up 2.1%

NASDAQ CME opened at $267.93 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50-day simple moving average of $267.30 and a 200 day simple moving average of $271.40. CME Group Inc. has a twelve month low of $213.94 and a twelve month high of $290.79. The stock has a market cap of $96.56 billion, a PE ratio of 25.94, a PEG ratio of 6.16 and a beta of 0.41.

CME Group (NASDAQ:CME) last released its earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.05. CME Group had a net margin of 58.48% and a return on equity of 14.60%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the company earned $2.56 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, research analysts forecast that CME Group Inc. will post 10.49 EPS for the current year.

CME Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, September 9th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 9th. CME Group’s dividend payout ratio is 48.40%.

Insider Buying and Selling at CME Group

In related news, insider Sunil Cutinho sold 11,896 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $271.47, for a total value of $3,229,407.12. Following the completion of the transaction, the insider owned 17,440 shares of the company’s stock, valued at $4,734,436.80. This represents a 40.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Jonathan L. Marcus sold 392 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $262.00, for a total transaction of $102,704.00. Following the completion of the transaction, the general counsel directly owned 7,851 shares of the company’s stock, valued at $2,056,962. This trade represents a 4.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,043 shares of company stock worth $3,527,956. 0.30% of the stock is currently owned by company insiders.

About CME Group

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.