2,123 CME Group Inc. $CME Shares Purchased by GFG Capital LLC

GFG Capital LLC lifted its holdings in CME Group Inc. (NASDAQ:CME) by 25.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,566 shares of the financial services provider’s stock after buying an additional 2,123 shares during the period. GFG Capital LLC’s holdings in CME Group were worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

CME has been the subject of a number of analyst reports. Wall Street Zen upgraded CME Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 3rd. UBS Group lifted their price objective on CME Group from $260.00 to $270.00 and gave the stock a “neutral” rating in a research report on Monday, October 5th. Morgan Stanley boosted their price objective on CME Group from $330.00 to $337.00 and gave the stock an “overweight” rating in a research note on Friday, October 9th. TD Cowen boosted their price objective on CME Group from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. upped their target price on CME Group from $249.00 to $250.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $292.94.

CME Group Stock Performance

Shares of CME Group stock opened at $293.87 on Friday. The firm has a market cap of $105.67 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.79 and a beta of 0.24. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. CME Group Inc. has a 52 week low of $218.31 and a 52 week high of $329.16. The business’s fifty day simple moving average is $274.12 and its 200-day simple moving average is $270.77.

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

CME Group Dividend Announcement

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

Insider Buying and Selling at CME Group

In other CME Group news, CEO Terrence A. Duffy sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $274.44, for a total value of $4,116,600.00. Following the sale, the chief executive officer owned 40,630 shares of the company’s stock, valued at $11,150,497.20. The trade was a 26.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Shepard acquired 293 shares of the business’s stock in a transaction that occurred 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 approximately $70,761,551.64. This trade represents a 0.11% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.30% of the company’s stock.

About CME Group

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.