39,353 Shares in CME Group Inc. $CME Acquired by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in shares of CME Group Inc. (NASDAQ:CME) during the 4th quarter, Holdings Channel reports. The fund acquired 39,353 shares of the financial services provider’s stock, valued at approximately $10,747,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CME. West Family Investments Inc. raised its holdings in shares of CME Group by 1.2% in the third quarter. West Family Investments Inc. now owns 3,062 shares of the financial services provider’s stock valued at $827,000 after purchasing an additional 37 shares during the last quarter. Asset Dedication LLC increased its holdings in shares of CME Group by 64.9% in the fourth quarter. Asset Dedication LLC now owns 94 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 37 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of CME Group by 0.3% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,523 shares of the financial services provider’s stock valued at $3,147,000 after acquiring an additional 37 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of CME Group by 4.3% in the third quarter. Rehmann Capital Advisory Group now owns 898 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 37 shares in the last quarter. Finally, 1248 Management LLC lifted its holdings in shares of CME Group by 26.8% in the third quarter. 1248 Management LLC now owns 180 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

CME Group Stock Performance

Shares of CME stock opened at $257.40 on Friday. 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 firm has a 50 day moving average of $288.35 and a 200-day moving average of $288.60. CME Group Inc. has a 52 week low of $244.56 and a 52 week high of $329.16. The company has a market cap of $93.27 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 2.88 and a beta of 0.21.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.25. CME Group had a return on equity of 15.42% and a net margin of 63.19%.The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business earned $2.80 EPS. The business’s revenue was up 14.5% on a year-over-year basis. On average, equities analysts forecast that CME Group Inc. will post 12.28 earnings per share for the current year.

CME Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, June 9th. This represents a $5.20 annualized dividend and a yield of 2.0%. CME Group’s dividend payout ratio (DPR) is 44.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays dropped their target price on shares of CME Group from $343.00 to $316.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Weiss Ratings reissued a “buy (a-)” rating on shares of CME Group in a report on Friday, May 29th. Rothschild & Co Redburn dropped their target price on shares of CME Group from $340.00 to $316.00 and set a “neutral” rating for the company in a report on Monday, April 27th. Piper Sandler increased their target price on shares of CME Group from $313.00 to $329.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Morgan Stanley dropped their target price on shares of CME Group from $362.00 to $353.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $305.29.

Insider Buying and Selling at CME Group

In other CME Group news, General Counsel Jonathan L. Marcus sold 3,291 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $333.37, for a total transaction of $1,097,120.67. Following the transaction, the general counsel directly owned 7,192 shares in the company, valued at approximately $2,397,597.04. This trade represents a 31.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hilda Harris Piell sold 5,753 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $304.63, for a total value of $1,752,536.39. Following the transaction, the insider owned 27,702 shares in the company, valued at approximately $8,438,860.26. This trade represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 44,044 shares of company stock worth $13,297,507. Corporate insiders own 0.30% of the company’s stock.

CME Group 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.