McKinley Carter Wealth Services Inc. Sells 145 Shares of CME Group Inc. $CME

McKinley Carter Wealth Services Inc. lessened its holdings in CME Group Inc. (NASDAQ:CME) by 12.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 982 shares of the financial services provider’s stock after selling 145 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in CME Group were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in CME Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 34,643,827 shares of the financial services provider’s stock worth $9,190,661,000 after buying an additional 400,737 shares during the period. Raymond James Financial Inc. increased its position in CME Group by 9.7% during the 1st quarter. Raymond James Financial Inc. now owns 4,113,991 shares of the financial services provider’s stock worth $1,091,401,000 after buying an additional 363,130 shares during the period. Vontobel Holding Ltd. increased its position in CME Group by 3.0% during the 2nd quarter. Vontobel Holding Ltd. now owns 2,920,046 shares of the financial services provider’s stock worth $804,823,000 after buying an additional 84,005 shares during the period. Massachusetts Financial Services Co. MA increased its position in CME Group by 29.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,818,590 shares of the financial services provider’s stock worth $747,744,000 after buying an additional 648,591 shares during the period. Finally, AQR Capital Management LLC increased its position in CME Group by 10.3% during the 1st quarter. AQR Capital Management LLC now owns 2,783,759 shares of the financial services provider’s stock worth $735,539,000 after buying an additional 260,065 shares during the period. Institutional investors own 87.75% of the company’s stock.

Insiders Place Their Bets

In other news, Director William R. Shepard purchased 262 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average cost of $265.19 per share, with a total value of $69,479.78. Following the completion of the purchase, the director owned 258,459 shares of the company’s stock, valued at $68,540,742.21. This trade represents a 0.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sunil Cutinho sold 11,896 shares of CME Group stock in a transaction dated 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 $4,734,436.80. The trade was a 40.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,043 shares of company stock worth $3,527,956. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CME shares. JPMorgan Chase & Co. increased their price objective on CME Group from $246.00 to $252.00 and gave the stock an “underweight” rating in a research report on Thursday, September 25th. Jefferies Financial Group lowered their price objective on CME Group from $313.00 to $304.00 and set a “buy” rating on the stock in a research report on Friday. Barclays decreased their price target on CME Group from $298.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on CME Group from $276.00 to $266.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Piper Sandler raised their price target on CME Group from $283.00 to $296.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $281.00.

CME Group Stock Performance

CME Group stock opened at $271.45 on Friday. CME Group Inc. has a 12-month low of $213.94 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. The business’s 50-day moving average price is $268.89 and its two-hundred day moving average price is $271.17. The stock has a market cap of $97.83 billion, a PE ratio of 26.28, a P/E/G ratio of 5.67 and a beta of 0.41.

CME Group (NASDAQ:CME) last released its earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the business posted $2.56 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts expect that CME Group Inc. will post 10.49 earnings per share for the current fiscal year.

CME Group Announces Dividend

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

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.