Cibc World Markets Corp Purchases 68,263 Shares of CME Group Inc. (NASDAQ:CME)

Cibc World Markets Corp raised its position in shares of CME Group Inc. (NASDAQ:CME) by 118.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,041 shares of the financial services provider’s stock after purchasing an additional 68,263 shares during the period. Cibc World Markets Corp’s holdings in CME Group were worth $26,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CME. Norges Bank bought a new position in CME Group during the fourth quarter valued at $959,260,000. Capital Wealth Planning LLC bought a new position in shares of CME Group in the fourth quarter worth $253,563,000. Capital World Investors boosted its holdings in shares of CME Group by 8.7% in the fourth quarter. Capital World Investors now owns 14,589,867 shares of the financial services provider’s stock worth $3,072,654,000 after acquiring an additional 1,172,575 shares during the period. Morgan Stanley boosted its holdings in shares of CME Group by 31.5% in the third quarter. Morgan Stanley now owns 4,858,967 shares of the financial services provider’s stock worth $972,863,000 after acquiring an additional 1,163,103 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of CME Group in the fourth quarter worth $113,772,000. 87.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CME shares. Argus lifted their price objective on CME Group from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Barclays lifted their price objective on CME Group from $226.00 to $228.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $210.00 price objective (down previously from $235.00) on shares of CME Group in a research note on Friday, April 5th. Keefe, Bruyette & Woods raised their price target on CME Group from $222.00 to $226.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Finally, Rosenblatt Securities restated a “sell” rating and set a $187.00 price target (up previously from $185.00) on shares of CME Group in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $217.80.

CME Group Trading Down 1.6 %

NASDAQ:CME traded down $3.29 during mid-day trading on Wednesday, reaching $200.49. 2,410,648 shares of the company’s stock traded hands, compared to its average volume of 1,810,058. CME Group Inc. has a 12-month low of $177.04 and a 12-month high of $223.80. The firm has a market capitalization of $72.19 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 5.34 and a beta of 0.52. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50 day moving average price of $210.25 and a 200-day moving average price of $210.86.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.06. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. CME Group had a return on equity of 12.45% and a net margin of 56.84%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 EPS. On average, sell-side analysts predict that CME Group Inc. will post 9.72 earnings per share for the current year.

CME Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Friday, June 7th will be given a $1.15 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.29%. CME Group’s dividend payout ratio is currently 52.33%.

Insider Transactions at CME Group

In related news, Director Elizabeth A. Cook sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $211.52, for a total value of $211,520.00. Following the completion of the transaction, the director now directly owns 18,241 shares in the company, valued at approximately $3,858,336.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Elizabeth A. Cook sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $211.52, for a total value of $211,520.00. Following the completion of the transaction, the director now directly owns 18,241 shares in the company, valued at approximately $3,858,336.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Terry L. Savage sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $210.65, for a total transaction of $526,625.00. Following the completion of the transaction, the director now owns 17,441 shares of the company’s stock, valued at $3,673,946.65. The disclosure for this sale can be found here. Insiders have sold a total of 50,640 shares of company stock valued at $10,676,444 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

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.