1,845 Shares of CME Group Inc. $CME Acquired by Lincoln Capital LLC

Lincoln Capital LLC acquired a new position in CME Group Inc. (NASDAQ:CME) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,845 shares of the financial services provider’s stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. NBT Bank N A NY raised its position in CME Group by 2.3% in the first quarter. NBT Bank N A NY now owns 1,666 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 38 shares during the period. Resonant Capital Advisors LLC increased its stake in shares of CME Group by 3.8% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,073 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 39 shares in the last quarter. Grove Bank & Trust increased its stake in shares of CME Group by 0.8% in the 3rd quarter. Grove Bank & Trust now owns 5,038 shares of the financial services provider’s stock worth $1,320,000 after purchasing an additional 39 shares in the last quarter. Root Financial Partners LLC increased its position in CME Group by 13.2% in the first quarter. Root Financial Partners LLC now owns 394 shares of the financial services provider’s stock worth $116,000 after buying an additional 46 shares in the last quarter. Finally, AlphaCentric Advisors LLC raised its stake in CME Group by 6.1% during the 1st quarter. AlphaCentric Advisors LLC now owns 821 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CME shares. Wall Street Zen upgraded CME Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 3rd. JPMorgan Chase & Co. increased their price objective on shares of CME Group from $249.00 to $250.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. Barclays raised their price objective on CME Group from $270.00 to $281.00 and gave the company an “equal weight” rating in a research report on Wednesday. TD Cowen lifted their target price on CME Group from $292.00 to $300.00 and gave the stock a “buy” rating in a report on Monday. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $320.00 target price on shares of CME Group in a research report on Thursday, July 2nd. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $292.06.

CME Group Price Performance

CME Group stock traded up $4.12 during mid-day trading on Friday, reaching $280.56. 2,593,085 shares of the company’s stock traded hands, compared to its average volume of 2,533,263. The company has a market cap of $100.88 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 3.54 and a beta of 0.24. The stock has a 50 day moving average of $272.07 and a two-hundred day moving average of $271.26. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. CME Group Inc. has a 12-month low of $218.31 and a 12-month high of $329.16.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. CME Group had a net margin of 63.30% and a return on equity of 15.60%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the company posted $2.96 EPS. The business’s revenue was up .8% on a year-over-year basis. Equities analysts forecast that CME Group Inc. will post 12.28 earnings per share for the current year.

CME Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Wednesday, September 9th were issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.9%. CME Group’s dividend payout ratio (DPR) is presently 44.11%.

Insider Activity at CME Group

In related news, Director Elizabeth Cook sold 500 shares of CME Group stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $280.11, for a total value of $140,055.00. Following the completion of the transaction, the director owned 17,916 shares in the company, valued at approximately $5,018,450.76. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Terrence Duffy sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $274.44, for a total value of $4,116,600.00. Following the sale, the chief executive officer directly owned 40,630 shares in the company, valued at $11,150,497.20. The trade was a 26.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by insiders.

CME Group Company Profile

CME Group Inc operates global derivatives marketplaces that enable customers to manage risk and trade futures and options contracts. Its exchanges offer products linked to interest rates, equity indexes, foreign currencies, agricultural commodities, energy, metals and other asset classes.

The company also provides central counterparty clearing, settlement and related risk-management services for transactions conducted on its markets. In addition, CME Group offers market data, benchmark products and technology services that support trading, analysis and connectivity for financial institutions, businesses, professional traders and other market participants.

CME Group’s history includes the Chicago Board of Trade, founded in 1848, and the Chicago Mercantile Exchange, established in 1898.