Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $426,000 Stake in CME Group Inc. $CME

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of CME Group Inc. (NASDAQ:CME) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,544 shares of the financial services provider’s stock after buying an additional 167 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in CME Group were worth $426,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in CME Group during the first quarter valued at approximately $25,000. Webster Bank N. A. grew its stake in shares of CME Group by 206.9% in the second quarter. Webster Bank N. A. now owns 89 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 60 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of CME Group by 122.2% in the first quarter. Cornerstone Planning Group LLC now owns 100 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Highline Wealth Partners LLC grew its stake in CME Group by 84.3% during the second quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider’s stock worth $26,000 after buying an additional 43 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its stake in CME Group by 612.5% during the first quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider’s stock worth $30,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

CME has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of CME Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $266.00 to $300.00 in a report on Thursday, October 23rd. Barclays dropped their price objective on shares of CME Group from $298.00 to $280.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of CME Group from $252.00 to $256.00 and gave the company an “underweight” rating in a report on Tuesday, October 14th. TD Cowen raised their price objective on shares of CME Group from $288.00 to $290.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Finally, UBS Group lowered their price target on shares of CME Group from $285.00 to $280.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $284.53.

CME Group Stock Performance

CME stock opened at $265.49 on Friday. The stock has a 50-day moving average price of $265.83 and a 200-day moving average price of $272.03. CME Group Inc. has a 1-year low of $213.94 and a 1-year high of $290.79. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The firm has a market cap of $95.68 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 4.41 and a beta of 0.41.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.05. CME Group had a return on equity of 14.61% and a net margin of 58.84%.The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the company posted $2.68 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts expect that CME Group Inc. will post 10.49 earnings per share for the current year.

CME Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th were paid a $1.25 dividend. The ex-dividend date was Tuesday, September 9th. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. CME Group’s payout ratio is currently 48.45%.

Insider Activity at CME Group

In other news, General Counsel Jonathan L. Marcus sold 392 shares of CME Group stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $262.00, for a total value of $102,704.00. Following the completion of the sale, the general counsel owned 7,851 shares in the company, valued at $2,056,962. The trade was a 4.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy Francis Mccourt sold 379 shares of CME Group stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $259.83, for a total transaction of $98,475.57. Following the completion of the sale, the insider owned 9,508 shares of the company’s stock, valued at $2,470,463.64. This represents a 3.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 13,043 shares of company stock worth $3,527,956. 0.30% of the stock is owned by insiders.

CME Group Company 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.