CME Group Inc. $CME Stake Lifted by Private Trust Co. NA

Key Points

• Private Trust Co. NA increased its holdings in CME Group Inc. by 138.5% during the 2nd quarter, owning 9,117 shares valued at approximately $2.5 million.
• Institutional investors now own 87.75% of CME Group's stock, reflecting significant interest and investment in the company.
• Recently, CME Group announced a quarterly dividend of $1.25 per share, yielding 1.9% annually, with a payout ratio of 48.40%.

Private Trust Co. NA lifted its holdings in CME Group Inc. (NASDAQ:CME - Free Report) by 138.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,117 shares of the financial services provider's stock after purchasing an additional 5,295 shares during the quarter. Private Trust Co. NA's holdings in CME Group were worth $2,513,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CME. Wayfinding Financial LLC bought a new position in shares of CME Group in the first quarter worth $25,000. Webster Bank N. A. grew its stake 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 worth $25,000 after purchasing an additional 60 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of CME Group by 122.2% in the first quarter. Cornerstone Planning Group LLC now owns 100 shares of the financial services provider's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Highline Wealth Partners LLC grew its stake in shares of CME Group by 84.3% in the second 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 in the last quarter. Finally, Golden State Wealth Management LLC grew its stake in shares of CME Group by 612.5% in the first quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider's stock worth $30,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 87.75% of the company's stock.

Insider Buying and Selling

In related news, Director William R. Shepard bought 262 shares of CME Group stock in a transaction dated Thursday, September 25th. The stock was acquired at an average cost of $265.19 per share, with a total value of $69,479.78. Following the completion of the acquisition, the director directly owned 258,459 shares in the company, valued at approximately $68,540,742.21. This trade represents a 0.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Jonathan L. Marcus sold 392 shares of the company's stock in a transaction on Thursday, September 18th. The shares were 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 of the company's stock, valued at approximately $2,056,962. This represents a 4.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,043 shares of company stock valued at $3,527,956. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CME shares. Keefe, Bruyette & Woods increased their price target on CME Group from $283.00 to $287.00 and gave the stock a "market perform" rating in a research note on Monday. Wall Street Zen lowered CME Group from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Deutsche Bank Aktiengesellschaft cut their price objective on CME Group from $276.00 to $266.00 and set a "hold" rating for the company in a report on Thursday, October 9th. Jefferies Financial Group cut their price objective on CME Group from $313.00 to $304.00 and set a "buy" rating for the company in a report on Friday, October 10th. Finally, TD Cowen upped their price objective on CME Group from $281.00 to $288.00 and gave the company a "hold" rating in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, CME Group currently has a consensus rating of "Hold" and an average target price of $283.71.

CME Group Trading Down 2.1%

Shares of CME Group stock opened at $262.51 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The firm has a market cap of $94.60 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 6.16 and a beta of 0.41. The business has a fifty day simple moving average of $267.59 and a 200-day simple moving average of $271.28. CME Group Inc. has a fifty-two week low of $213.94 and a fifty-two week high of $290.79.

CME Group (NASDAQ:CME - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 EPS for the quarter, beating the consensus estimate of $2.91 by $0.05. CME Group had a return on equity of 14.60% and a net margin of 58.48%.The business had revenue of $1.69 billion during 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. CME Group's revenue was up 10.4% compared to the same quarter last year. On average, equities analysts forecast that CME Group Inc. will post 10.49 EPS for the current fiscal year.

CME Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 9th. CME Group's dividend payout ratio is currently 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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