CME Group Inc. $CME Shares Sold by Global Assets Advisory LLC

Key Points

• Global Assets Advisory LLC reduced its stake in CME Group by 49.3%, now holding 1,435 shares valued at approximately $395,000.
• Several institutional investors increased their positions in CME Group, with 87.75% of the stock currently owned by institutional investors and hedge funds.
• CME Group recently announced a quarterly dividend of $1.25, resulting in a 1.9% yield, and has a dividend payout ratio of 48.40%.

Global Assets Advisory LLC trimmed its position in shares of CME Group Inc. (NASDAQ:CME - Free Report) by 49.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,435 shares of the financial services provider's stock after selling 1,396 shares during the quarter. Global Assets Advisory LLC's holdings in CME Group were worth $395,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CME. Great Lakes Advisors LLC lifted its stake in shares of CME Group by 2.3% during the first quarter. Great Lakes Advisors LLC now owns 1,661 shares of the financial services provider's stock valued at $441,000 after buying an additional 37 shares during the period. Beaumont Financial Advisors LLC raised its holdings in shares of CME Group by 2.0% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 1,952 shares of the financial services provider's stock worth $538,000 after purchasing an additional 38 shares during the period. OneAscent Financial Services LLC lifted its position in CME Group by 4.0% during the first quarter. OneAscent Financial Services LLC now owns 1,106 shares of the financial services provider's stock valued at $293,000 after buying an additional 43 shares in the last quarter. Highline Wealth Partners LLC boosted its position in CME Group by 84.3% during the 2nd quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider's stock worth $26,000 after purchasing an additional 43 shares during the period. Finally, Lantz Financial LLC grew its stake in shares of CME Group by 1.1% in the second quarter. Lantz Financial LLC now owns 3,932 shares of the financial services provider's stock valued at $1,084,000 after buying an additional 44 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CME. JPMorgan Chase & Co. increased their price target on CME Group from $246.00 to $252.00 and gave the company an "underweight" rating in a report on Thursday, September 25th. Wall Street Zen downgraded CME Group from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Morgan Stanley increased their price objective on shares of CME Group from $303.00 to $312.00 and gave the stock an "overweight" rating in a report on Wednesday, October 1st. UBS Group reduced their price target on CME Group from $305.00 to $285.00 and set a "neutral" rating for the company in a research report on Monday, September 8th. Finally, Piper Sandler raised their price objective on shares of CME Group from $283.00 to $296.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $274.15.

Insider Buying and Selling at CME Group

In other news, General Counsel Jonathan L. Marcus sold 392 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $262.00, for a total value of $102,704.00. Following the sale, the general counsel directly owned 7,851 shares in the company, valued at approximately $2,056,962. This represents a 4.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Timothy Francis Mccourt sold 379 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total transaction of $98,475.57. Following the sale, the insider owned 9,508 shares of the company's stock, valued at $2,470,463.64. This trade represents a 3.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,043 shares of company stock valued at $3,527,956 in the last 90 days. Insiders own 0.30% of the company's stock.

CME Group Price Performance

CME opened at $262.05 on Tuesday. The stock has a market cap of $94.44 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 5.57 and a beta of 0.41. The stock has a fifty day moving average price of $269.74 and a 200 day moving average price of $271.16. CME Group Inc. has a 1 year low of $213.94 and a 1 year high of $290.79. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12.

CME Group (NASDAQ:CME - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.91 by $0.05. CME Group had a net margin of 58.48% and a return on equity of 14.60%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business posted $2.56 earnings per share. The business's quarterly revenue was up 10.4% on a year-over-year basis. Analysts forecast that CME Group Inc. will post 10.49 EPS for the current fiscal year.

CME Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, September 9th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 9th. CME Group's dividend payout ratio (DPR) is 48.40%.

CME Group Company Profile

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.

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