Strs Ohio Sells 4,750 Shares of CME Group Inc. $CME

Strs Ohio decreased its holdings in shares of CME Group Inc. (NASDAQ:CMEFree Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,845 shares of the financial services provider’s stock after selling 4,750 shares during the quarter. Strs Ohio’s holdings in CME Group were worth $29,785,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC raised its position in CME Group by 345.2% during the fourth quarter. SG Americas Securities LLC now owns 237,898 shares of the financial services provider’s stock valued at $64,965,000 after purchasing an additional 184,459 shares in the last quarter. FLC Capital Advisors purchased a new position in shares of CME Group in the 4th quarter worth about $2,122,000. First Bank & Trust purchased a new position in shares of CME Group in the 4th quarter worth about $1,325,000. MOKAN Wealth Management Inc. boosted its holdings in shares of CME Group by 138.8% in the 4th quarter. MOKAN Wealth Management Inc. now owns 7,144 shares of the financial services provider’s stock worth $1,953,000 after purchasing an additional 4,152 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of CME Group by 2.9% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 140,210 shares of the financial services provider’s stock valued at $38,289,000 after purchasing an additional 3,931 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Jefferies Financial Group decreased their price objective on CME Group from $356.00 to $349.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft cut their target price on CME Group from $342.00 to $322.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group reduced their price target on shares of CME Group from $267.00 to $245.00 and set a “sell” rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods raised shares of CME Group from a “market perform” rating to an “outperform” rating and set a $305.00 price target on the stock in a research note on Thursday, June 18th. Finally, TD Cowen lowered their price objective on shares of CME Group from $323.00 to $273.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, CME Group currently has a consensus rating of “Moderate Buy” and an average target price of $300.94.

Get Our Latest Analysis on CME

CME Group Price Performance

CME opened at $236.60 on Friday. The company has a market cap of $85.73 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.65 and a beta of 0.25. The business’s 50-day moving average price is $267.17 and its 200-day moving average price is $284.28. 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 Inc. has a 12 month low of $218.31 and a 12 month high of $329.16.

CME Group (NASDAQ:CMEGet Free Report) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.25. CME Group had a return on equity of 15.42% and a net margin of 63.19%.The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the business posted $2.80 EPS. CME Group’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities analysts expect that CME Group Inc. will post 12.28 EPS for the current year.

CME Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th were given a $1.30 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $5.20 annualized dividend and a yield of 2.2%. CME Group’s payout ratio is presently 44.37%.

Insider Activity

In related news, insider Hilda Harris Piell sold 5,753 shares of CME Group stock in a transaction on Monday, May 18th. The shares were sold at an average price of $304.63, for a total value of $1,752,536.39. Following the transaction, the insider directly owned 27,702 shares of the company’s stock, valued at $8,438,860.26. The trade was a 17.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Shepard purchased 325 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average price of $230.57 per share, with a total value of $74,935.25. Following the completion of the acquisition, the director directly owned 260,442 shares in the company, valued at $60,050,111.94. The trade was a 0.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.30% of the company’s stock.

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

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

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