4,375 Shares in CME Group Inc. $CME Purchased by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC bought a new position in shares of CME Group Inc. (NASDAQ:CME) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,375 shares of the financial services provider’s stock, valued at approximately $1,053,000. CME Group comprises about 0.8% of Phillips Wealth Planners LLC’s portfolio, making the stock its 29th biggest holding.

Other large investors have also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new stake in CME Group in the 2nd quarter worth about $15,280,000. Principle Wealth Partners LLC acquired a new stake in shares of CME Group during the 2nd quarter worth $565,000. Alphabet Inc. bought a new position in shares of CME Group in the second quarter worth $769,376,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of CME Group in the second quarter worth $629,771,000. Finally, Mufg Bank LTD. acquired a new position in CME Group in the second quarter valued at about $6,625,000. 87.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director William R. Shepard acquired 325 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average price of $230.57 per share, with a total value of $74,935.25. Following the purchase, the director directly owned 260,442 shares in the company, valued at approximately $60,050,111.94. This trade represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CME shares. Morgan Stanley upped their price objective on shares of CME Group from $324.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Bank of America boosted their target price on shares of CME Group from $226.00 to $230.00 and gave the company an “underperform” rating in a research report on Thursday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating and set a $320.00 price target on shares of CME Group in a report on Thursday, July 2nd. JPMorgan Chase & Co. increased their price target on shares of CME Group from $249.00 to $250.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Finally, Piper Sandler lowered their price objective on shares of CME Group from $329.00 to $295.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $291.81.

CME Group Stock Performance

CME Group stock opened at $267.88 on Tuesday. 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 stock has a market cap of $96.32 billion, a PE ratio of 22.72, a P/E/G ratio of 3.14 and a beta of 0.23. CME Group Inc. has a 12-month low of $218.31 and a 12-month high of $329.16. The business’s 50-day moving average price is $250.51 and its two-hundred day moving average price is $280.07.

CME Group (NASDAQ:CME) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. CME Group had a net margin of 63.30% and a return on equity of 15.60%. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the business earned $2.96 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, analysts expect that CME Group Inc. will post 12.27 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 Friday, September 25th. Investors of record on Wednesday, September 9th will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, September 9th. CME Group’s dividend payout ratio is currently 44.11%.

About CME Group

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.