CME Group Inc. $CME Shares Bought by Winnacle Wealth LLC

Winnacle Wealth LLC lifted its position in shares of CME Group Inc. (NASDAQ:CME – Free Report) by 64.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,900 shares of the financial services provider’s stock after buying an additional 2,316 shares during the quarter. CME Group comprises about 0.9% of Winnacle Wealth LLC’s holdings, making the stock its 28th largest position. Winnacle Wealth LLC’s holdings in CME Group were worth $1,546,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC grew its holdings in CME Group by 2,075.0% during the 1st quarter. Whipplewood Advisors LLC now owns 87 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 83 shares during the period. First Community Trust NA acquired a new stake in shares of CME Group in the 3rd quarter valued at about $26,000. North Point Portfolio Managers Corp OH bought a new stake in CME Group during the 3rd quarter valued at $26,000. Main Street Group LTD bought a new position in CME Group in the 1st quarter valued at about $32,000. Finally, Bayban purchased a new position in shares of CME Group during the fourth quarter valued at approximately $31,000. Institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

CME has been the subject of a number of research analyst reports. Wall Street Zen raised CME Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 3rd. UBS Group boosted their price objective on CME Group from $260.00 to $270.00 and gave the stock a “neutral” rating in a research report on Monday, October 5th. Keefe, Bruyette & Woods upgraded CME Group from a “market perform” rating to an “outperform” rating and set a $305.00 price objective for the company in a research note on Thursday, June 18th. Raymond James Financial restated an “outperform” rating and issued a $320.00 price objective on shares of CME Group in a research note on Thursday, July 2nd. Finally, Barclays lifted their target price on CME Group from $270.00 to $281.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $292.94.

Read Our Latest Analysis on CME

Insider Activity at CME Group

In other CME Group news, CEO Terrence Duffy sold 15,000 shares of CME Group stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $274.44, for a total value of $4,116,600.00. Following the completion of the transaction, the chief executive officer directly owned 40,630 shares of the company’s stock, valued at approximately $11,150,497.20. The trade was a 26.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth Cook sold 500 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $280.11, for a total value of $140,055.00. Following the sale, the director owned 17,916 shares in the company, valued at approximately $5,018,450.76. This represents a 2.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by corporate insiders.

CME Group Stock Performance

Shares of CME opened at $285.59 on Thursday. CME Group Inc. has a 12-month low of $218.31 and a 12-month high of $329.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13. The company has a market cap of $102.69 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 3.64 and a beta of 0.24. The stock has a 50-day moving average price of $273.01 and a 200-day moving average price of $270.63.

CME Group (NASDAQ:CME – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.91 by $0.08. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.68 billion. CME Group had a return on equity of 15.60% and a net margin of 63.30%. The company’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $2.96 EPS. As a group, equities analysts forecast that CME Group Inc. will post 12.29 earnings per share for the current fiscal year.

CME Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Wednesday, September 9th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 9th. CME Group’s dividend payout ratio (DPR) is 44.11%.

About CME Group

(Free Report)

CME Group Inc operates global derivatives marketplaces that enable customers to manage risk and trade futures and options contracts. Its exchanges offer products linked to interest rates, equity indexes, foreign currencies, agricultural commodities, energy, metals and other asset classes.

The company also provides central counterparty clearing, settlement and related risk-management services for transactions conducted on its markets. In addition, CME Group offers market data, benchmark products and technology services that support trading, analysis and connectivity for financial institutions, businesses, professional traders and other market participants.

CME Group’s history includes the Chicago Board of Trade, founded in 1848, and the Chicago Mercantile Exchange, established in 1898.

See Also

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

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