PBU The Pension Fund of Early Childhood & Youth Educators Makes New $10.75 Million Investment in CME Group Inc. $CME

PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of CME Group Inc. (NASDAQ:CMEFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,353 shares of the financial services provider’s stock, valued at approximately $10,747,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of CME Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 35,895,583 shares of the financial services provider’s stock valued at $9,802,366,000 after purchasing an additional 588,509 shares during the last quarter. Norges Bank acquired a new position in shares of CME Group in the 4th quarter valued at $1,523,241,000. Bank of New York Mellon Corp boosted its holdings in shares of CME Group by 2.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,924,475 shares of the financial services provider’s stock valued at $1,344,776,000 after purchasing an additional 134,242 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of CME Group by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,812,914 shares of the financial services provider’s stock valued at $1,300,450,000 after purchasing an additional 130,848 shares during the last quarter. Finally, Sanders Capital LLC acquired a new position in shares of CME Group in the 3rd quarter valued at $1,006,932,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CME shares. Rothschild & Co Redburn dropped their target price on shares of CME Group from $340.00 to $316.00 and set a “neutral” rating for the company in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of CME Group from $342.00 to $322.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Piper Sandler upped their price target on shares of CME Group from $313.00 to $329.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Barclays reduced their price target on shares of CME Group from $343.00 to $316.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. Finally, Erste Group Bank lowered shares of CME Group from a “buy” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $305.29.

Read Our Latest Analysis on CME

CME Group Price Performance

NASDAQ CME opened at $257.40 on Friday. The company has a fifty day simple moving average of $288.35 and a 200 day simple moving average of $288.60. The company has a market cap of $93.27 billion, a P/E ratio of 21.96, a P/E/G ratio of 2.88 and a beta of 0.21. CME Group Inc. has a 1 year low of $244.56 and a 1 year 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.

CME Group (NASDAQ:CMEGet Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.25. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.77 billion. CME Group had a net margin of 63.19% and a return on equity of 15.42%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $2.80 EPS. On average, sell-side analysts predict that CME Group Inc. will post 12.28 EPS for the current year.

CME Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, June 9th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.0%. CME Group’s dividend payout ratio (DPR) is 44.37%.

Insider Buying and Selling

In related news, CEO Terrence A. Duffy sold 35,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $298.51, for a total transaction of $10,447,850.00. Following the completion of the sale, the chief executive officer owned 55,630 shares in the company, valued at $16,606,111.30. This trade represents a 38.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Jonathan L. Marcus sold 3,291 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $333.37, for a total transaction of $1,097,120.67. Following the sale, the general counsel owned 7,192 shares of the company’s stock, valued at $2,397,597.04. This trade represents a 31.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 44,044 shares of company stock worth $13,297,507 in the last quarter. 0.30% of the stock is owned by corporate insiders.

About CME Group

(Free Report)

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.

Further Reading

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

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