CIBC Private Wealth Group LLC Has $142.46 Million Position in CME Group Inc (CME)

CIBC Private Wealth Group LLC lowered its position in shares of CME Group Inc (NASDAQ:CME) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 757,273 shares of the financial services provider’s stock after selling 1,915 shares during the period. CIBC Private Wealth Group LLC owned 0.22% of CME Group worth $142,459,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CME. Redpoint Investment Management Pty Ltd boosted its stake in CME Group by 4.7% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 22,253 shares of the financial services provider’s stock valued at $4,186,000 after acquiring an additional 1,006 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in CME Group by 15.3% in the fourth quarter. Wesbanco Bank Inc. now owns 1,670 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 222 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in CME Group by 66.7% in the fourth quarter. Chicago Equity Partners LLC now owns 5,535 shares of the financial services provider’s stock valued at $1,041,000 after acquiring an additional 2,215 shares in the last quarter. Bailard Inc. acquired a new position in CME Group in the fourth quarter valued at $229,000. Finally, SNS Financial Group LLC boosted its stake in CME Group by 38.5% in the fourth quarter. SNS Financial Group LLC now owns 26,914 shares of the financial services provider’s stock valued at $5,063,000 after acquiring an additional 7,488 shares in the last quarter. Hedge funds and other institutional investors own 90.59% of the company’s stock.

Several research firms have issued reports on CME. Zacks Investment Research downgraded shares of CME Group from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. BidaskClub cut shares of CME Group from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Barclays began coverage on shares of CME Group in a report on Tuesday, December 4th. They issued an “overweight” rating and a $210.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $184.00 target price on shares of CME Group in a report on Monday, December 10th. Finally, Wells Fargo & Co upped their target price on shares of CME Group from $175.00 to $177.00 and gave the company a “market perform” rating in a report on Friday, October 26th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. CME Group currently has a consensus rating of “Hold” and a consensus price target of $195.21.

In related news, CFO John W. Pietrowicz sold 17,960 shares of the stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $186.92, for a total transaction of $3,357,083.20. Following the completion of the transaction, the chief financial officer now directly owns 44,780 shares of the company’s stock, valued at $8,370,277.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julie Winkler sold 5,847 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $195.01, for a total transaction of $1,140,223.47. Following the transaction, the insider now directly owns 24,255 shares of the company’s stock, valued at $4,729,967.55. The disclosure for this sale can be found here. Insiders sold 52,494 shares of company stock valued at $9,967,852 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Shares of NASDAQ:CME opened at $178.20 on Monday. CME Group Inc has a one year low of $152.50 and a one year high of $197.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $60.56 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 2.18 and a beta of 0.30.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Friday, March 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from CME Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 7th. CME Group’s dividend payout ratio is presently 58.70%.

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About CME Group

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.

Read More: Intrinsic Value

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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