Prime Capital Investment Advisors LLC Sells 1,732 Shares of CME Group Inc. $CME

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in CME Group by 21.6% during Q2, selling 1,732 shares, leaving them with 6,278 shares valued at $1.73 million.
• Director William R. Shepard bought 262 shares of CME Group at an average price of $265.19, increasing his position slightly, while insider Timothy Francis Mccourt sold 379 shares, decreasing his holdings.
• CME Group declared a quarterly dividend of $1.25 per share, yielding 1.9%, while institutional investors own approximately 87.75% of the company's shares.

Prime Capital Investment Advisors LLC cut its position in CME Group Inc. (NASDAQ:CME - Free Report) by 21.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,278 shares of the financial services provider's stock after selling 1,732 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in CME Group were worth $1,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heartland Bank & Trust Co acquired a new position in CME Group in the 1st quarter valued at $377,000. Catalyst Capital Advisors LLC raised its holdings in shares of CME Group by 256.9% during the 1st quarter. Catalyst Capital Advisors LLC now owns 3,662 shares of the financial services provider's stock worth $971,000 after buying an additional 2,636 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new position in shares of CME Group during the 1st quarter worth $367,000. Fulcrum Equity Management acquired a new position in shares of CME Group during the 1st quarter worth $258,000. Finally, AIA Group Ltd raised its holdings in shares of CME Group by 17.8% during the 1st quarter. AIA Group Ltd now owns 16,645 shares of the financial services provider's stock worth $4,416,000 after buying an additional 2,510 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director William R. Shepard purchased 262 shares of CME Group 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 transaction, the director owned 258,459 shares of the company's stock, valued at approximately $68,540,742.21. This represents a 0.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timothy Francis Mccourt sold 379 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were 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 in the company, 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. Over the last quarter, insiders have sold 13,043 shares of company stock worth $3,527,956. Corporate insiders own 0.30% of the company's stock.

CME Group Trading Up 0.5%

NASDAQ CME opened at $264.94 on Thursday. The business's 50-day moving average price is $269.26 and its two-hundred day moving average price is $271.06. CME Group Inc. has a 12 month low of $213.94 and a 12 month high of $290.79. The firm has a market capitalization of $95.48 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 5.56 and a beta of 0.41. 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 released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.91 by $0.05. CME Group had a return on equity of 14.60% and a net margin of 58.48%.The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the company posted $2.56 EPS. The business's revenue was up 10.4% on a year-over-year basis. On average, 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 was paid on Thursday, September 25th. Shareholders of record on Tuesday, September 9th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, September 9th. CME Group's payout ratio is 48.40%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CME. Citigroup raised CME Group from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $275.00 to $300.00 in a report on Thursday, September 25th. Wall Street Zen lowered CME Group from a "hold" rating to a "sell" rating in a research report on Sunday, July 13th. Oppenheimer boosted their price objective on CME Group from $300.00 to $303.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on CME Group from $246.00 to $252.00 and gave the stock an "underweight" rating in a research report on Thursday, September 25th. Finally, Barclays reduced their price objective on CME Group from $298.00 to $280.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $275.17.

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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