Man Group plc bought a new stake in shares of CME Group Inc. (NASDAQ:CME – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 90,235 shares of the financial services provider’s stock, valued at approximately $19,927,000.
Several other large investors also recently modified their holdings of CME. BlackRock Inc. bought a new stake in shares of CME Group in the 2nd quarter worth approximately $6,749,965,000. Norges Bank bought a new position in CME Group during the fourth quarter valued at $1,523,241,000. Bank of New York Mellon Corp bought a new position in CME Group during the second quarter valued at $867,313,000. Alphabet Inc. purchased a new stake in CME Group in the second quarter worth $769,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CME Group in the second quarter worth $629,771,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.
CME Group Trading Up 1.3%
NASDAQ:CME opened at $280.98 on Thursday. The company has a market cap of $101.03 billion, a P/E ratio of 23.83, a P/E/G ratio of 3.30 and a beta of 0.23. The stock’s fifty day moving average price is $252.32 and its two-hundred day moving average price is $279.24. CME Group Inc. has a 1 year low of $218.31 and a 1 year high of $329.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02.
CME Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be paid a $1.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $5.20 annualized dividend and a yield of 1.9%. CME Group’s dividend payout ratio (DPR) is currently 44.11%.
Insiders Place Their Bets
In related news, Director William R. Shepard bought 325 shares of CME Group stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of $230.57 per share, with a total value of $74,935.25. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on CME. Wall Street Zen downgraded CME Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Bank of America lifted their price objective on CME Group from $226.00 to $230.00 and gave the stock an “underperform” rating in a report on Thursday, July 23rd. Rothschild & Co Redburn upgraded CME Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $316.00 to $323.00 in a research note on Thursday, June 11th. Erste Group Bank downgraded shares of CME Group from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, UBS Group cut their target price on shares of CME Group from $310.00 to $260.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $288.56.
View Our Latest Stock Report on CME
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.
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