GC Wealth Management RIA LLC Makes New Investment in CME Group Inc. $CME

Key Points

• GC Wealth Management RIA LLC acquired 1,711 shares of CME Group Inc., valued at approximately $472,000, during the 2nd quarter.
• Institutional investors currently own 87.75% of CME Group's stock, signaling strong institutional interest in the company.
• CME Group recently paid a quarterly dividend of $1.25 per share, representing an annualized dividend yield of 1.9%.

GC Wealth Management RIA LLC purchased a new stake in CME Group Inc. (NASDAQ:CME - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,711 shares of the financial services provider's stock, valued at approximately $472,000.

Several other large investors also recently made changes to their positions in the company. Smith Salley Wealth Management increased its stake in shares of CME Group by 2.6% in the second quarter. Smith Salley Wealth Management now owns 8,231 shares of the financial services provider's stock valued at $2,269,000 after purchasing an additional 211 shares during the period. City Holding Co. increased its stake in shares of CME Group by 20.4% in the second quarter. City Holding Co. now owns 6,306 shares of the financial services provider's stock valued at $1,738,000 after purchasing an additional 1,068 shares during the period. XY Planning Network Inc. acquired a new stake in shares of CME Group in the second quarter valued at approximately $2,060,000. TBH Global Asset Management LLC increased its stake in shares of CME Group by 11.0% in the second quarter. TBH Global Asset Management LLC now owns 3,889 shares of the financial services provider's stock valued at $1,072,000 after purchasing an additional 384 shares during the period. Finally, ORG Wealth Partners LLC increased its stake in shares of CME Group by 53.1% in the second quarter. ORG Wealth Partners LLC now owns 750 shares of the financial services provider's stock valued at $207,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 87.75% of the company's stock.

Insider Activity

In other CME Group news, insider Sunil Cutinho sold 11,896 shares of CME Group stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $271.47, for a total transaction of $3,229,407.12. Following the transaction, the insider directly owned 17,440 shares in the company, valued at approximately $4,734,436.80. The trade was a 40.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William R. Shepard acquired 262 shares of the stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of $265.19 per share, for a total transaction of $69,479.78. Following the completion of the transaction, the director owned 258,459 shares in the company, valued at approximately $68,540,742.21. This represents a 0.10% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 13,043 shares of company stock valued at $3,527,956. 0.30% of the stock is currently owned by company insiders.

CME Group Trading Down 0.8%

CME Group stock opened at $270.19 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $97.37 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 4.93 and a beta of 0.43. CME Group Inc. has a 1 year low of $213.94 and a 1 year high of $290.79. The firm's 50 day moving average price is $270.73 and its two-hundred day moving average price is $271.13.

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

CME Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group dropped their price target on shares of CME Group from $305.00 to $285.00 and set a "neutral" rating on the stock in a research note on Monday, September 8th. Citigroup upgraded shares of CME Group from a "neutral" rating to a "buy" rating and raised their price target for the company from $275.00 to $300.00 in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised their price objective on shares of CME Group from $246.00 to $252.00 and gave the company an "underweight" rating in a research note on Thursday, September 25th. Wall Street Zen lowered shares of CME Group from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Finally, Oppenheimer raised their price objective on shares of CME Group from $300.00 to $303.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, CME Group currently has a consensus rating of "Hold" and a consensus price target of $268.14.

About CME Group

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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