CME Group Inc. $CME Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in shares of CME Group Inc. (NASDAQ:CME) by 132.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 27,206 shares of the financial services provider’s stock after purchasing an additional 15,504 shares during the period. TD Waterhouse Canada Inc.’s holdings in CME Group were worth $7,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Jessup Wealth Management Inc lifted its holdings in CME Group by 0.5% in the second quarter. Jessup Wealth Management Inc now owns 7,969 shares of the financial services provider’s stock valued at $2,197,000 after acquiring an additional 36 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of CME Group by 0.7% in the second quarter. First Horizon Advisors Inc. now owns 5,269 shares of the financial services provider’s stock worth $1,453,000 after acquiring an additional 36 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in shares of CME Group by 2.3% during the first quarter. Great Lakes Advisors LLC now owns 1,661 shares of the financial services provider’s stock worth $441,000 after buying an additional 37 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in CME Group by 2.0% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 1,952 shares of the financial services provider’s stock valued at $538,000 after acquiring an additional 38 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of CME Group by 0.8% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,021 shares of the financial services provider’s stock valued at $1,384,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

CME Group Trading Down 2.4%

CME opened at $272.49 on Thursday. The business has a fifty day moving average price of $268.27 and a 200 day moving average price of $272.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. CME Group Inc. has a 12 month low of $224.62 and a 12 month high of $290.79. The stock has a market capitalization of $98.26 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 4.41 and a beta of 0.38.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the business posted $2.68 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts expect that CME Group Inc. will post 10.49 earnings per share for the current fiscal year.

CME Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th will be given a $1.25 dividend. 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 is currently 48.45%.

Insider Buying and Selling

In other news, insider Sunil Cutinho sold 11,896 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 17,440 shares in the company, valued at approximately $4,734,436.80. This trade represents a 40.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harold Eugene Jr. Ford sold 1,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $263.53, for a total transaction of $263,530.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 14,043 shares of company stock worth $3,791,486. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CME shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of CME Group from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of CME Group in a research report on Wednesday, October 8th. Morgan Stanley upped their price target on CME Group from $312.00 to $314.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Argus lowered their price target on CME Group from $308.00 to $295.00 in a research report on Friday, October 31st. Finally, TD Cowen boosted their price objective on CME Group from $288.00 to $290.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $287.65.

CME Group 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.