Free Trial

LGT Fund Management Co Ltd. Raises Holdings in CME Group Inc. (NASDAQ:CME)

CME Group logo with Finance background

Key Points

  • LGT Fund Management Co Ltd. significantly increased its stake in CME Group Inc. by 403.4%, acquiring an additional 21,066 shares to total 26,288 shares worth about $6.97 million.
  • Several institutional investors, including Wayfinding Financial LLC and Golden State Wealth Management LLC, have also made substantial investments in CME Group, reflecting strong interest in the company's stock.
  • CME Group plans to pay a quarterly dividend of $1.25, amounting to an annualized dividend of $5.00, which translates to a dividend yield of 1.7% based on its current stock price.
  • Need better tools to track CME Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

LGT Fund Management Co Ltd. grew its holdings in CME Group Inc. (NASDAQ:CME - Free Report) by 403.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,288 shares of the financial services provider's stock after purchasing an additional 21,066 shares during the period. LGT Fund Management Co Ltd.'s holdings in CME Group were worth $6,974,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of CME Group in the first quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its position 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 valued at $26,000 after acquiring an additional 55 shares during the period. Golden State Wealth Management LLC boosted its position 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 valued at $30,000 after acquiring an additional 98 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of CME Group in the first quarter valued at about $32,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of CME Group in the first quarter valued at about $32,000. 87.75% of the stock is owned by institutional investors.

Insider Transactions at CME Group

In other news, General Counsel Jonathan L. Marcus sold 390 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $277.50, for a total value of $108,225.00. Following the sale, the general counsel directly owned 6,708 shares in the company, valued at approximately $1,861,470. This represents a 5.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles P. Carey sold 500 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $265.35, for a total value of $132,675.00. Following the transaction, the director owned 4,900 shares in the company, valued at $1,300,215. The trade was a 9.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,450 shares of company stock valued at $676,663. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CME has been the subject of a number of analyst reports. Citigroup boosted their price target on CME Group from $265.00 to $275.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Piper Sandler upped their target price on CME Group from $283.00 to $296.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Morgan Stanley increased their price target on CME Group from $301.00 to $304.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. UBS Group reiterated a "neutral" rating and set a $305.00 price target on shares of CME Group in a research note on Thursday, July 24th. Finally, Wall Street Zen cut CME Group from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, CME Group currently has a consensus rating of "Hold" and an average target price of $261.93.

View Our Latest Stock Analysis on CME

CME Group Stock Down 0.3%

Shares of NASDAQ CME traded down $0.78 during mid-day trading on Friday, hitting $273.92. 2,055,786 shares of the stock traded hands, compared to its average volume of 2,086,143. 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 stock has a fifty day moving average price of $275.52 and a 200-day moving average price of $267.13. CME Group Inc. has a 52 week low of $204.16 and a 52 week high of $290.79. The company has a market cap of $98.72 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 4.87 and a beta of 0.44.

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

CME Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. CME Group's dividend payout ratio is 48.40%.

CME Group Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

Should You Invest $1,000 in CME Group Right Now?

Before you consider CME Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CME Group wasn't on the list.

While CME Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Stocks With Explosive Upside
September Slowdown: 3 Stocks to Buy When the Pullback Comes
3 Overlooked Stocks Riding the AI Data Center Boom

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines