Tulsa Wealth Advisors INC acquired a new position in shares of CME Group Inc. (NASDAQ:CME – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,596 shares of the financial services provider’s stock, valued at approximately $4,548,000.
A number of other large investors also recently added to or reduced their stakes in CME. Norges Bank bought a new position in shares of CME Group in the 4th quarter valued at about $1,523,241,000. Bank of New York Mellon Corp acquired a new position in CME Group in the second quarter valued at approximately $867,313,000. Victory Capital Management Inc. lifted its holdings in CME Group by 746.4% in the fourth quarter. Victory Capital Management Inc. now owns 2,049,649 shares of the financial services provider’s stock valued at $559,720,000 after buying an additional 1,807,491 shares during the period. Bank of America Corp DE boosted its stake in CME Group by 39.1% in the first quarter. Bank of America Corp DE now owns 4,019,944 shares of the financial services provider’s stock valued at $1,187,290,000 after acquiring an additional 1,130,587 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd bought a new position in CME Group in the fourth quarter valued at approximately $217,656,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other CME Group news, Director William R. Shepard bought 325 shares of CME Group stock in a transaction on Thursday, June 25th. The shares were purchased at an average cost of $230.57 per share, for a total transaction of $74,935.25. Following the completion of the acquisition, the director owned 260,442 shares in the company, valued at approximately $60,050,111.94. The trade was a 0.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.
Analyst Ratings Changes
View Our Latest Analysis on CME Group
CME Group Price Performance
Shares of NASDAQ:CME opened at $269.80 on Monday. CME Group Inc. has a 52 week low of $218.31 and a 52 week high of $329.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $97.01 billion, a PE ratio of 22.88, a PEG ratio of 3.14 and a beta of 0.23. The company has a 50 day moving average price of $250.20 and a two-hundred day moving average price of $280.19.
CME Group (NASDAQ:CME – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.68 billion. CME Group had a net margin of 63.30% and a return on equity of 15.60%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $2.96 earnings per share. Analysts forecast that CME Group Inc. will post 12.27 earnings per share for the current year.
CME Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 9th. CME Group’s dividend payout ratio (DPR) is presently 44.11%.
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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