Fort Washington Investment Advisors Inc. OH Sells 534 Shares of CME Group Inc. $CME

Fort Washington Investment Advisors Inc. OH decreased its position in CME Group Inc. (NASDAQ:CME) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,850 shares of the financial services provider’s stock after selling 534 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in CME Group were worth $1,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CME. GQG Partners LLC grew its holdings in CME Group by 7,676.3% during the first quarter. GQG Partners LLC now owns 2,205,041 shares of the financial services provider’s stock valued at $584,975,000 after purchasing an additional 2,176,685 shares during the period. Wellington Management Group LLP boosted its position in CME Group by 370.5% during the 1st quarter. Wellington Management Group LLP now owns 2,653,957 shares of the financial services provider’s stock worth $704,068,000 after acquiring an additional 2,089,935 shares during the last quarter. Nuveen LLC bought a new stake in CME Group during the 1st quarter worth about $218,842,000. Alliancebernstein L.P. boosted its position in CME Group by 185.5% during the first quarter. Alliancebernstein L.P. now owns 1,244,608 shares of the financial services provider’s stock valued at $330,182,000 after purchasing an additional 808,740 shares during the last quarter. Finally, Egerton Capital UK LLP boosted its holdings in shares of CME Group by 79.4% in the 1st quarter. Egerton Capital UK LLP now owns 1,730,194 shares of the financial services provider’s stock valued at $459,003,000 after buying an additional 765,773 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CME shares. Piper Sandler boosted their target price on CME Group from $283.00 to $296.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price target on CME Group from $246.00 to $252.00 and gave the stock an “underweight” rating in a report on Thursday, September 25th. Barclays set a $298.00 target price on shares of CME Group and gave the company an “equal weight” rating in a research report on Thursday, July 24th. Wall Street Zen downgraded CME Group from a “hold” rating to a “sell” rating in a research report on Sunday, July 13th. Finally, Citigroup upgraded CME Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $275.00 to $300.00 in a research note on Thursday, September 25th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $268.14.

CME Group Price Performance

Shares of CME opened at $272.24 on Tuesday. 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 1 year low of $213.94 and a 1 year high of $290.79. The business has a 50-day moving average of $270.81 and a 200-day moving average of $271.14. The company has a market capitalization of $98.11 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 4.89 and a beta of 0.43.

CME Group (NASDAQ:CME) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.05. CME Group had a return on equity of 14.60% and a net margin of 58.48%.The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts anticipate that CME Group Inc. will post 10.49 earnings per share for the current year.

CME Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th were issued a $1.25 dividend. The ex-dividend date was Tuesday, September 9th. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. CME Group’s dividend payout ratio is currently 48.40%.

Insider Activity

In related news, insider Timothy Francis Mccourt sold 379 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total value of $98,475.57. Following the sale, the insider directly owned 9,508 shares in the company, valued at approximately $2,470,463.64. The trade was a 3.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $3,229,407.12. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 13,043 shares of company stock worth $3,527,956 in the last quarter. 0.30% of the stock is owned by corporate insiders.

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.