CME Group Inc. $CME Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in shares of CME Group Inc. (NASDAQ:CME) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,328 shares of the financial services provider’s stock after selling 3,327 shares during the quarter. Intech Investment Management LLC’s holdings in CME Group were worth $19,478,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp lifted its holdings in CME Group by 8.9% in the 3rd quarter. Truist Financial Corp now owns 70,712 shares of the financial services provider’s stock valued at $19,106,000 after purchasing an additional 5,773 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of CME Group by 78.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 13,281 shares of the financial services provider’s stock valued at $3,588,000 after buying an additional 5,855 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of CME Group by 345.2% in the fourth quarter. SG Americas Securities LLC now owns 237,898 shares of the financial services provider’s stock worth $64,965,000 after buying an additional 184,459 shares in the last quarter. Dover Advisors LLC lifted its stake in shares of CME Group by 95.5% in the third quarter. Dover Advisors LLC now owns 5,597 shares of the financial services provider’s stock worth $1,512,000 after buying an additional 2,734 shares in the last quarter. Finally, Keybank National Association OH boosted its position in CME Group by 15.4% during the third quarter. Keybank National Association OH now owns 153,625 shares of the financial services provider’s stock worth $41,508,000 after acquiring an additional 20,477 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CME Group

In other CME Group news, CEO Terrence A. Duffy sold 35,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $298.51, for a total transaction of $10,447,850.00. Following the completion of the transaction, the chief executive officer owned 55,630 shares of the company’s stock, valued at $16,606,111.30. This trade represents a 38.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hilda Harris Piell sold 5,753 shares of CME Group stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $304.63, for a total transaction of $1,752,536.39. Following the sale, the insider owned 27,702 shares of the company’s stock, valued at approximately $8,438,860.26. This represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 44,044 shares of company stock worth $13,297,507. 0.30% of the stock is currently owned by company insiders.

CME Group Stock Down 0.6%

Shares of NASDAQ CME opened at $277.42 on Friday. The company has a market capitalization of $100.53 billion, a P/E ratio of 23.67, a P/E/G ratio of 3.12 and a beta of 0.23. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day simple moving average of $293.99 and a 200-day simple moving average of $289.62. CME Group Inc. has a 1 year low of $257.17 and a 1 year high of $329.16.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.25. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.77 billion. CME Group had a return on equity of 15.42% and a net margin of 63.19%.The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.80 earnings per share. On average, equities research analysts predict 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 will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, June 9th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.9%. CME Group’s dividend payout ratio is currently 44.37%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CME shares. The Goldman Sachs Group cut their price objective on shares of CME Group from $275.00 to $267.00 and set a “sell” rating for the company in a report on Thursday, April 23rd. Argus restated a “hold” rating on shares of CME Group in a research report on Wednesday, March 4th. TD Cowen cut their price target on CME Group from $340.00 to $323.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Piper Sandler lifted their price objective on CME Group from $313.00 to $329.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Finally, Erste Group Bank raised CME Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, CME Group has an average rating of “Moderate Buy” and a consensus target price of $305.29.

CME Group Company Profile

CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.