CME Group Inc. $CME Stock Holdings Lifted by Wealthspire Advisors LLC

Wealthspire Advisors LLC grew its stake in shares of CME Group Inc. (NASDAQ:CME) by 47.2% in the second quarter, Holdings Channel.com reports. The fund owned 225,448 shares of the financial services provider’s stock after buying an additional 72,244 shares during the quarter. Wealthspire Advisors LLC’s holdings in CME Group were worth $62,138,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of CME Group by 1.5% during the second quarter. Vanguard Group Inc. now owns 35,176,376 shares of the financial services provider’s stock valued at $9,695,313,000 after purchasing an additional 532,549 shares during the last quarter. Geode Capital Management LLC raised its holdings in CME Group by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 9,178,681 shares of the financial services provider’s stock worth $2,524,271,000 after buying an additional 319,899 shares during the period. Raymond James Financial Inc. lifted its stake in CME Group by 9.7% during the first quarter. Raymond James Financial Inc. now owns 4,113,991 shares of the financial services provider’s stock valued at $1,091,401,000 after buying an additional 363,130 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in CME Group by 3.0% during the second quarter. Vontobel Holding Ltd. now owns 2,920,046 shares of the financial services provider’s stock valued at $804,823,000 after buying an additional 84,005 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of CME Group by 1.6% in the second quarter. Fiera Capital Corp now owns 2,790,592 shares of the financial services provider’s stock worth $769,143,000 after buying an additional 44,377 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CME Group

In other news, insider Timothy Francis Mccourt sold 379 shares of CME Group stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total transaction of $98,475.57. Following the completion of the sale, the insider directly owned 9,508 shares in the company, valued at $2,470,463.64. The trade was a 3.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sunil Cutinho sold 11,896 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $271.47, for a total value of $3,229,407.12. Following the completion of the sale, the insider directly 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 14,043 shares of company stock worth $3,791,486. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CME shares. TD Cowen boosted their price target 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. Argus lowered their price objective on shares of CME Group from $308.00 to $295.00 in a research report on Friday, October 31st. UBS Group reduced their target price on CME Group from $285.00 to $280.00 and set a “neutral” rating for the company in a report on Thursday, October 23rd. The Goldman Sachs Group raised their target price on CME Group from $262.00 to $263.00 and gave the stock a “sell” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price target on CME Group from $252.00 to $256.00 and gave the company an “underweight” rating in a report on Tuesday, October 14th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, CME Group presently has an average rating of “Hold” and a consensus target price of $287.65.

CME Group Trading Down 2.1%

Shares of NASDAQ:CME opened at $279.13 on Tuesday. The firm has a fifty day moving average of $267.66 and a two-hundred day moving average of $272.83. The firm has a market capitalization of $100.65 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 4.41 and a beta of 0.38. CME Group Inc. has a 12-month low of $224.62 and a 12-month high of $290.79. 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 posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.05. The business 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%. CME Group’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.68 earnings per share. On average, equities analysts expect that CME Group Inc. will post 10.49 EPS for the current fiscal year.

CME Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th will be paid 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 dividend payout ratio (DPR) is 48.45%.

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.