CME Group Inc. $CME Shares Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC raised its holdings in shares of CME Group Inc. (NASDAQ:CME) by 38.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,190 shares of the financial services provider’s stock after buying an additional 333 shares during the quarter. HBK Sorce Advisory LLC’s holdings in CME Group were worth $328,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CME. Webster Bank N. A. boosted its stake in shares of CME Group by 206.9% during the second quarter. Webster Bank N. A. now owns 89 shares of the financial services provider’s stock worth $25,000 after buying an additional 60 shares during the period. Highline Wealth Partners LLC lifted its holdings in CME Group by 84.3% in the second quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 43 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of CME Group in the first quarter valued at about $25,000. Cornerstone Planning Group LLC lifted 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 purchasing an additional 55 shares during the period. Finally, Trifecta Capital Advisors LLC lifted its stake in shares of CME Group by 59.2% in the second quarter. Trifecta Capital Advisors LLC now owns 113 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price target on shares of CME Group from $312.00 to $314.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Piper Sandler lifted their price objective on CME Group from $283.00 to $296.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Jefferies Financial Group reduced their price objective on CME Group from $313.00 to $304.00 and set a “buy” rating for the company in a report on Friday, October 10th. Keefe, Bruyette & Woods lifted their price target on CME Group from $283.00 to $287.00 and gave the stock a “market perform” rating in a research note on Monday, October 13th. Finally, TD Cowen lifted their price target on CME Group from $288.00 to $290.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $285.19.

CME Group Stock Performance

NASDAQ CME opened at $265.49 on Friday. CME Group Inc. has a fifty-two week low of $213.94 and a fifty-two week high of $290.79. The stock has a market cap of $95.68 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 4.41 and a beta of 0.41. The business has a fifty day moving average of $265.83 and a 200-day moving average of $272.09. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12.

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

CME Group Dividend Announcement

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

Insider Activity

In other news, insider Timothy Francis Mccourt sold 379 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $259.83, for a total value of $98,475.57. Following the completion of the transaction, the insider owned 9,508 shares of the company’s stock, valued at $2,470,463.64. The trade was a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Jonathan L. Marcus sold 392 shares of the business’s 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 transaction, the general counsel owned 7,851 shares of the company’s stock, valued at $2,056,962. This trade represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 13,043 shares of company stock worth $3,527,956. Corporate insiders own 0.30% of the company’s stock.

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.