45,920 Shares in CME Group Inc. $CME Acquired by Shelter Mutual Insurance Co

Shelter Mutual Insurance Co bought a new position in shares of CME Group Inc. (NASDAQ:CMEFree Report) during the second quarter, HoldingsChannel.com reports. The firm bought 45,920 shares of the financial services provider’s stock, valued at approximately $10,141,000. CME Group makes up approximately 2.1% of Shelter Mutual Insurance Co’s holdings, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Investment Management Company LLC raised its stake in shares of CME Group by 0.3% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,523 shares of the financial services provider’s stock valued at $3,147,000 after acquiring an additional 37 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in CME Group by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 898 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 37 shares in the last quarter. Endowment Wealth Management Inc. increased its holdings in CME Group by 4.4% during the 4th quarter. Endowment Wealth Management Inc. now owns 895 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 38 shares during the period. NBT Bank N A NY increased its holdings in CME Group by 2.3% during the 1st quarter. NBT Bank N A NY now owns 1,666 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 38 shares during the period. Finally, Resonant Capital Advisors LLC boosted its stake in shares of CME Group by 3.8% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,073 shares of the financial services provider’s stock valued at $317,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Insider Buying and Selling at CME Group

In related news, Director William R. Shepard acquired 325 shares of CME Group stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of $230.57 per share, for a total transaction of $74,935.25. Following the transaction, the director owned 260,442 shares of the company’s stock, valued at $60,050,111.94. This represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

CME has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft downgraded CME Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $286.00 to $270.00 in a research report on Wednesday. Wall Street Zen downgraded shares of CME Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods upgraded shares of CME Group from a “market perform” rating to an “outperform” rating and set a $305.00 price target for the company in a report on Thursday, June 18th. Weiss Ratings downgraded shares of CME Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, UBS Group reduced their price objective on shares of CME Group from $310.00 to $260.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $288.56.

Get Our Latest Stock Analysis on CME

CME Group Trading Up 1.5%

CME opened at $274.98 on Friday. CME Group Inc. has a one year low of $218.31 and a one year high of $329.16. The company has a market cap of $98.88 billion, a P/E ratio of 23.32, a PEG ratio of 3.16 and a beta of 0.23. 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 business’s 50-day simple moving average is $251.17 and its 200-day simple moving average is $279.65.

CME Group (NASDAQ:CMEGet Free Report) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.08. The business 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 business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $2.96 EPS. As a group, equities research analysts expect that CME Group Inc. will post 12.27 EPS for the current fiscal year.

CME Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $5.20 dividend on an annualized basis and a yield of 1.9%. CME Group’s dividend payout ratio (DPR) is presently 44.11%.

CME Group Company Profile

(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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