4,161 CME Group Inc. $CME Shares Acquired by Mather Group LLC.

Mather Group LLC. boosted its holdings in CME Group Inc. (NASDAQ:CME) by 162.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,728 shares of the financial services provider’s stock after purchasing an additional 4,161 shares during the quarter. Mather Group LLC.’s holdings in CME Group were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in CME Group in the 2nd quarter worth about $6,749,965,000. Bank of America Corp DE increased its stake in shares of CME Group by 39.1% during the 1st quarter. Bank of America Corp DE now owns 4,019,944 shares of the financial services provider’s stock valued at $1,187,290,000 after acquiring an additional 1,130,587 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of CME Group during the 2nd quarter valued at about $867,313,000. Alphabet Inc. acquired a new position in shares of CME Group during the 2nd quarter valued at about $769,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CME Group during the 2nd quarter worth about $629,771,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of CME Group from $301.00 to $315.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of CME Group from $330.00 to $337.00 and gave the company an “overweight” rating in a report on Friday, October 9th. Piper Sandler dropped their price target 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. 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 note on Thursday, July 23rd. Finally, Wall Street Zen raised shares of CME Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 3rd. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, CME Group currently has an average rating of “Hold” and a consensus price target of $292.94.

Insider Activity at CME Group

In related news, Director William R. Shepard purchased 293 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was purchased at an average price of $268.76 per share, for a total transaction of $78,746.68. Following the acquisition, the director directly owned 263,289 shares in the company, valued at $70,761,551.64. The trade was a 0.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth A. Cook sold 500 shares of CME Group stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $280.11, for a total transaction of $140,055.00. Following the sale, the director owned 17,916 shares in the company, valued at $5,018,450.76. This represents a 2.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

CME Group Stock Up 1.5%

NASDAQ CME traded up $4.41 during trading hours on Friday, hitting $293.87. The company had a trading volume of 2,180,230 shares, compared to its average volume of 1,887,081. CME Group Inc. has a fifty-two week low of $218.31 and a fifty-two week high of $329.16. The company has a market capitalization of $105.67 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 3.79 and a beta of 0.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s 50 day moving average is $274.12 and its 200 day moving average is $270.77.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.91 by $0.08. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.68 billion. CME Group had a return on equity of 15.60% and a net margin of 63.30%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $2.96 earnings per share. Sell-side analysts anticipate that CME Group Inc. will post 12.29 earnings per share for the current fiscal year.

CME Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th were paid a $1.30 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.8%. CME Group’s dividend payout ratio (DPR) is 44.11%.

CME Group Profile

CME Group Inc operates global derivatives marketplaces that enable customers to manage risk and trade futures and options contracts. Its exchanges offer products linked to interest rates, equity indexes, foreign currencies, agricultural commodities, energy, metals and other asset classes.

The company also provides central counterparty clearing, settlement and related risk-management services for transactions conducted on its markets. In addition, CME Group offers market data, benchmark products and technology services that support trading, analysis and connectivity for financial institutions, businesses, professional traders and other market participants.

CME Group’s history includes the Chicago Board of Trade, founded in 1848, and the Chicago Mercantile Exchange, established in 1898.