Fiduciary Alliance LLC Sells 4,223 Shares of CME Group Inc. $CME

Fiduciary Alliance LLC cut its stake in shares of CME Group Inc. (NASDAQ:CME) by 16.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,903 shares of the financial services provider’s stock after selling 4,223 shares during the quarter. Fiduciary Alliance LLC’s holdings in CME Group were worth $6,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CME. West Family Investments Inc. grew its stake in CME Group by 1.2% in the third quarter. West Family Investments Inc. now owns 3,062 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 37 shares in the last quarter. Asset Dedication LLC raised its position in CME Group by 64.9% during the 4th quarter. Asset Dedication LLC now owns 94 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 37 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in CME Group by 0.3% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,523 shares of the financial services provider’s stock valued at $3,147,000 after purchasing an additional 37 shares in the last quarter. Rehmann Capital Advisory Group raised its position in CME Group by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 898 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 37 shares in the last quarter. Finally, 1248 Management LLC lifted its holdings in shares of CME Group by 26.8% in the 3rd quarter. 1248 Management LLC now owns 180 shares of the financial services provider’s stock worth $49,000 after buying an additional 38 shares during the period. Institutional investors own 87.75% of the company’s stock.

Insider Activity

In other CME Group news, insider Hilda Harris Piell sold 5,753 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $304.63, for a total transaction of $1,752,536.39. Following the completion of the sale, the insider directly owned 27,702 shares of the company’s stock, valued at approximately $8,438,860.26. This represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Terrence A. Duffy sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $298.51, for a total transaction of $10,447,850.00. Following the completion of the sale, the chief executive officer owned 55,630 shares in the company, valued at $16,606,111.30. This represents a 38.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by insiders.

CME Group Stock Down 4.5%

CME Group stock opened at $231.45 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The firm has a market cap of $83.87 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.71 and a beta of 0.21. The business has a fifty day moving average of $276.09 and a two-hundred day moving average of $286.52. CME Group Inc. has a twelve month low of $231.30 and a twelve month high of $329.16.

CME Group (NASDAQ:CME) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.25. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.77 billion. CME Group had a return on equity of 15.42% and a net margin of 63.19%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $2.80 EPS. On average, analysts forecast that CME Group Inc. will post 12.28 earnings per share for the current fiscal year.

CME Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Tuesday, June 9th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $5.20 dividend on an annualized basis and a yield of 2.2%. CME Group’s dividend payout ratio (DPR) is presently 44.37%.

Wall Street Analysts Forecast Growth

CME has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised CME Group from a “market perform” rating to an “outperform” rating and set a $305.00 price target on the stock in a research report on Thursday, June 18th. Raymond James Financial lifted their price objective on CME Group from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Piper Sandler set a $320.00 price objective on shares of CME Group in a research note on Wednesday, June 17th. TD Cowen dropped their target price on shares of CME Group from $323.00 to $273.00 and set a “buy” rating on the stock in a report on Monday. Finally, Barclays cut their target price on shares of CME Group from $343.00 to $316.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $302.24.

CME Group Company Profile

CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.