Tidal Investments LLC Has $18.50 Million Stock Holdings in CME Group Inc. (NASDAQ:CME)

Tidal Investments LLC increased its holdings in CME Group Inc. (NASDAQ:CME) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 79,677 shares of the financial services provider’s stock after buying an additional 5,980 shares during the quarter. Tidal Investments LLC’s holdings in CME Group were worth $18,503,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. New Age Alpha Advisors LLC increased its holdings in shares of CME Group by 50.0% during the fourth quarter. New Age Alpha Advisors LLC now owns 129 shares of the financial services provider’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Avidian Wealth Enterprises LLC increased its holdings in shares of CME Group by 2.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,769 shares of the financial services provider’s stock worth $411,000 after buying an additional 45 shares in the last quarter. TFC Financial Management Inc. grew its stake in shares of CME Group by 8.4% during the fourth quarter. TFC Financial Management Inc. now owns 592 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 46 shares during the last quarter. Waldron Private Wealth LLC grew its stake in shares of CME Group by 2.0% during the fourth quarter. Waldron Private Wealth LLC now owns 2,362 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 47 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of CME Group by 12.1% during the fourth quarter. Venturi Wealth Management LLC now owns 437 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Insider Buying and Selling

In other news, insider Derek Sammann sold 4,650 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $280.61, for a total transaction of $1,304,836.50. Following the completion of the sale, the insider now directly owns 8,336 shares in the company, valued at $2,339,164.96. This represents a 35.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hilda Harris Piell sold 3,984 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $250.47, for a total transaction of $997,872.48. Following the sale, the insider now owns 27,046 shares of the company’s stock, valued at approximately $6,774,211.62. This trade represents a 12.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,134 shares of company stock worth $6,087,434 in the last three months. 0.30% of the stock is owned by corporate insiders.

CME Group Stock Performance

Shares of CME Group stock opened at $276.29 on Monday. The company has a 50 day moving average of $265.86 and a 200-day moving average of $247.33. CME Group Inc. has a 1-year low of $190.70 and a 1-year high of $286.48. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The company has a market cap of $99.56 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 6.76 and a beta of 0.45.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $0.19. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.56 billion. CME Group had a net margin of 57.52% and a return on equity of 13.62%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.50 EPS. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Monday, June 9th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Monday, June 9th. CME Group’s dividend payout ratio is 50.30%.

Analysts Set New Price Targets

CME has been the topic of several research analyst reports. Oppenheimer increased their price target on shares of CME Group from $269.00 to $279.00 and gave the company an “outperform” rating in a research note on Friday, April 11th. Erste Group Bank raised shares of CME Group to a “strong-buy” rating in a research note on Monday, March 17th. Morgan Stanley increased their price target on shares of CME Group from $301.00 to $304.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Raymond James raised 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CME Group from $223.00 to $211.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Three investment 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $256.80.

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.