Voya Investment Management LLC Has $51.57 Million Stake in CME Group Inc. $CME

Key Points

• Voya Investment Management LLC has decreased its stake in CME Group Inc. by 3.1%, now holding approximately 0.05% of the company valued at $51.57 million.
• Other large investors have significantly increased their holdings in CME Group, with GQG Partners increasing by 7,676.3% to own over 2.2 million shares worth $584.98 million.
• CME Group has announced a quarterly dividend of $1.25 per share, representing a 1.9% dividend yield and a payout ratio of 48.40%.

Voya Investment Management LLC decreased its holdings in CME Group Inc. (NASDAQ:CME - Free Report) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,400 shares of the financial services provider's stock after selling 6,235 shares during the period. Voya Investment Management LLC owned about 0.05% of CME Group worth $51,572,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CME. GQG Partners LLC increased its holdings in shares of CME Group by 7,676.3% in the 1st quarter. GQG Partners LLC now owns 2,205,041 shares of the financial services provider's stock valued at $584,975,000 after purchasing an additional 2,176,685 shares during the period. Wellington Management Group LLP increased its holdings in shares of CME Group by 370.5% in the 1st quarter. Wellington Management Group LLP now owns 2,653,957 shares of the financial services provider's stock valued at $704,068,000 after purchasing an additional 2,089,935 shares during the period. GAMMA Investing LLC increased its holdings in CME Group by 32,941.0% in the first quarter. GAMMA Investing LLC now owns 1,858,887 shares of the financial services provider's stock worth $493,144,000 after buying an additional 1,853,261 shares during the last quarter. Nuveen LLC acquired a new position in CME Group in the first quarter worth approximately $218,842,000. Finally, Alliancebernstein L.P. increased its holdings in CME Group by 185.5% in the first quarter. Alliancebernstein L.P. now owns 1,244,608 shares of the financial services provider's stock worth $330,182,000 after buying an additional 808,740 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

Insider Activity at CME Group

In other news, insider Sunil Cutinho sold 11,896 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $4,734,436.80. This represents a 40.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Shepard acquired 256 shares of CME Group stock in a transaction dated Wednesday, June 25th. The stock was acquired at an average cost of $270.53 per share, with a total value of $69,255.68. Following the completion of the transaction, the director directly owned 258,196 shares of the company's stock, valued at $69,849,763.88. This trade represents a 0.10% increase in their position. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by corporate insiders.

CME Group Stock Down 0.0%

Shares of CME Group stock opened at $262.30 on Friday. The stock has a market capitalization of $94.53 billion, a P/E ratio of 25.39, a PEG ratio of 4.75 and a beta of 0.43. 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 stock has a 50 day moving average price of $273.60 and a two-hundred day moving average price of $270.45. CME Group Inc. has a 12-month low of $212.38 and a 12-month high of $290.79.

CME Group (NASDAQ:CME - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $2.96 earnings per share 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 company had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the prior year, the business earned $2.56 earnings per share. CME Group's revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts expect that CME Group Inc. will post 10.49 earnings per share 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 given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 9th. CME Group's dividend payout ratio is currently 48.40%.

Wall Street Analyst Weigh In

CME has been the topic of a number of research reports. Barclays set a $298.00 price objective on CME Group and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Erste Group Bank downgraded CME Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 24th. Citigroup increased their price objective on CME Group from $265.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Wall Street Zen downgraded CME Group from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Finally, UBS Group dropped their price objective on CME Group from $305.00 to $285.00 and set a "neutral" rating on the stock in a report on Monday, September 8th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $260.60.

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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