Mattson Financial Services LLC Takes Position in CME Group Inc. $CME

Mattson Financial Services LLC purchased a new position in shares of CME Group Inc. (NASDAQ:CME) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,580 shares of the financial services provider’s stock, valued at approximately $967,000.

Several other large investors also recently bought and sold shares of CME. Webster Bank N. A. increased its holdings in shares of CME Group by 206.9% in the second quarter. Webster Bank N. A. now owns 89 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Highline Wealth Partners LLC grew its holdings in CME Group by 84.3% in the 2nd quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider’s stock valued at $26,000 after buying an additional 43 shares in the last quarter. Sagard Holdings Management Inc. acquired a new stake in shares of CME Group in the 2nd quarter worth $30,000. Ransom Advisory Ltd purchased a new position in shares of CME Group during the 1st quarter worth $31,000. Finally, Trifecta Capital Advisors LLC boosted its position in shares of CME Group by 59.2% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 113 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

CME Group Stock Up 0.1%

CME Group stock opened at $276.73 on Monday. The company has a market capitalization of $99.79 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 3.73 and a beta of 0.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. CME Group Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $290.79. The firm has a 50 day moving average price of $273.14 and a 200 day moving average price of $271.90.

CME Group (NASDAQ:CME) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $2.68 EPS for the quarter, topping the consensus estimate of $2.63 by $0.05. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.56 billion. CME Group had a return on equity of 14.61% and a net margin of 58.84%.The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business posted $2.68 earnings per share. Research analysts expect that CME Group Inc. will post 10.49 earnings per share for the current year.

CME Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, December 12th. CME Group’s dividend payout ratio is currently 48.45%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group cut their price objective on shares of CME Group from $313.00 to $304.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Barclays increased their price target on shares of CME Group from $280.00 to $304.00 and gave the company an “equal weight” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “buy (b+)” rating on shares of CME Group in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on CME Group from $310.00 to $318.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Finally, Raymond James Financial reduced their target price on CME Group from $309.00 to $307.00 and set an “outperform” rating on the stock in a research report on Monday, October 13th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $290.82.

Insider Activity

In other news, CEO Terrence A. Duffy sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $269.55, for a total value of $6,738,750.00. Following the completion of the transaction, the chief executive officer owned 65,804 shares of the company’s stock, valued at approximately $17,737,468.20. This trade represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Harold Eugene Jr. Ford sold 1,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $263.53, for a total transaction of $263,530.00. Following the sale, the director owned 1,091 shares in the company, valued at approximately $287,511.23. This trade represents a 47.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by corporate insiders.

CME Group Company Profile

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.