Mn Services Vermogensbeheer B.V. Grows Stock Position in CME Group Inc. $CME

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in CME Group Inc. by 1.0% in Q2, owning 134,979 shares valued at approximately $37.2 million.
• Insider selling was noted, with Sunil Cutinho selling 11,896 shares for over $3.2 million, representing a 40.55% decrease in ownership.
• CME Group's stock has a current average rating of "Hold" with target prices ranging from $260.60 to $303.00, as forecasted by Wall Street analysts.

Mn Services Vermogensbeheer B.V. grew its holdings in shares of CME Group Inc. (NASDAQ:CME - Free Report) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,979 shares of the financial services provider's stock after purchasing an additional 1,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in CME Group were worth $37,203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank Pictet & Cie Europe AG increased its holdings in CME Group by 29.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 86,941 shares of the financial services provider's stock worth $20,190,000 after acquiring an additional 19,533 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in CME Group by 9.0% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,682 shares of the financial services provider's stock worth $855,000 after acquiring an additional 305 shares in the last quarter. Vident Advisory LLC increased its holdings in CME Group by 125.7% in the 4th quarter. Vident Advisory LLC now owns 17,072 shares of the financial services provider's stock worth $3,965,000 after acquiring an additional 9,508 shares in the last quarter. Woodline Partners LP purchased a new stake in CME Group in the 4th quarter worth approximately $5,026,000. Finally, Waverly Advisors LLC increased its holdings in CME Group by 32.2% in the 4th quarter. Waverly Advisors LLC now owns 10,827 shares of the financial services provider's stock worth $2,514,000 after acquiring an additional 2,637 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company's stock.

Insider Buying and Selling

In related news, insider Sunil Cutinho sold 11,896 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $271.47, for a total value of $3,229,407.12. Following the completion of the sale, the insider directly owned 17,440 shares in the company, valued at $4,734,436.80. This trade represents a 40.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy Francis Mccourt sold 379 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total value of $98,475.57. Following the completion of the sale, the insider owned 9,508 shares of the company's stock, valued at approximately $2,470,463.64. This represents a 3.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,651 shares of company stock valued at $3,425,252 in the last three months. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of CME Group from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Barclays set a $298.00 target price on shares of CME Group and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Citigroup increased their target price on shares of CME Group from $265.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Piper Sandler increased their target price on shares of CME Group from $283.00 to $296.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Oppenheimer increased their price objective on shares of CME Group from $300.00 to $303.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $260.60.

CME Group Stock Up 1.0%

Shares of CME opened at $262.40 on Thursday. The company has a market cap of $94.56 billion, a PE ratio of 25.40, a P/E/G ratio of 4.70 and a beta of 0.43. The business has a fifty day moving average of $272.55 and a 200 day moving average of $270.49. CME Group Inc. has a 52-week low of $212.38 and a 52-week high of $290.79. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12.

CME Group (NASDAQ:CME - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.91 by $0.05. The company had revenue of $1.69 billion during 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%.CME Group's revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $2.56 earnings per share. On average, sell-side analysts expect that CME Group Inc. will post 10.49 EPS for the current year.

CME Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Tuesday, September 9th will be given a $1.25 dividend. The ex-dividend date is 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%.

CME Group 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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