775 Shares in CME Group Inc. $CME Purchased by MJP Associates Inc. ADV

MJP Associates Inc. ADV acquired a new stake in shares of CME Group Inc. (NASDAQ:CME) during the 2nd quarter, Holdings Channel reports. The fund acquired 775 shares of the financial services provider’s stock, valued at approximately $214,000.

Other large investors have also bought and sold shares of the company. Webster Bank N. A. lifted 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 worth $25,000 after buying an additional 60 shares in the last quarter. Highline Wealth Partners LLC increased its position in shares of CME Group by 84.3% during 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 in the last quarter. Ransom Advisory Ltd purchased a new position in CME Group in the 1st quarter worth approximately $31,000. Trifecta Capital Advisors LLC lifted its position in CME Group by 59.2% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 113 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 42 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its position in CME Group by 105.0% in the 2nd quarter. Westside Investment Management Inc. now owns 123 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 63 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other CME Group news, insider Sunil Cutinho sold 11,896 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $271.47, for a total transaction of $3,229,407.12. Following the completion of the sale, the insider owned 17,440 shares of the company’s stock, valued at approximately $4,734,436.80. The trade was a 40.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Harold Eugene Jr. Ford sold 1,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $263.53, for a total value of $263,530.00. Following the completion of the sale, the director owned 1,091 shares of the company’s stock, valued at approximately $287,511.23. The trade was a 47.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 14,043 shares of company stock worth $3,791,486. Company insiders own 0.30% of the company’s stock.

CME Group Trading Up 0.5%

CME Group stock opened at $285.04 on Friday. CME Group Inc. has a 52-week low of $222.56 and a 52-week high of $290.79. The company has a market cap of $102.79 billion, a P/E ratio of 27.62, a P/E/G ratio of 4.41 and a beta of 0.38. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $267.33 and a two-hundred day simple moving average of $272.85.

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

CME Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. CME Group’s payout ratio is presently 48.45%.

Wall Street Analyst Weigh In

A number of analysts have commented on CME shares. Weiss Ratings reissued a “buy (b)” rating on shares of CME Group in a report on Wednesday, October 8th. Rothschild & Co Redburn boosted their target price on CME Group from $297.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of CME Group from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Friday. Barclays reduced their price target on shares of CME Group from $298.00 to $280.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 8th. Finally, Citigroup upgraded shares of CME Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $275.00 to $300.00 in a research report on Thursday, September 25th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $287.65.

About CME Group

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.