CME Group Inc. $CME Shares Acquired by Wealthspire Advisors LLC

Wealthspire Advisors LLC lifted its holdings in shares of CME Group Inc. (NASDAQ:CME) by 47.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 225,448 shares of the financial services provider’s stock after buying an additional 72,244 shares during the period. Wealthspire Advisors LLC owned 0.06% of CME Group worth $62,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Portside Wealth Group LLC grew its holdings in shares of CME Group by 5.1% during the second quarter. Portside Wealth Group LLC now owns 4,490 shares of the financial services provider’s stock valued at $1,238,000 after purchasing an additional 216 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of CME Group by 251.0% in the 2nd quarter. Empowered Funds LLC now owns 35,192 shares of the financial services provider’s stock worth $9,700,000 after purchasing an additional 25,165 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of CME Group by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 35,176,376 shares of the financial services provider’s stock worth $9,695,313,000 after purchasing an additional 532,549 shares during the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in CME Group during the 2nd quarter valued at approximately $306,000. Finally, Frank Rimerman Advisors LLC grew its stake in CME Group by 11.8% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 16,953 shares of the financial services provider’s stock worth $4,673,000 after buying an additional 1,794 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CME. The Goldman Sachs Group raised their target price on CME Group from $262.00 to $263.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. Jefferies Financial Group dropped their price objective on shares of CME Group from $313.00 to $304.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Piper Sandler lifted their price objective on shares of CME Group from $296.00 to $313.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Argus reduced their target price on shares of CME Group from $308.00 to $295.00 in a research note on Friday, October 31st. Finally, UBS Group decreased their target price on shares of CME Group from $285.00 to $280.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, CME Group has an average rating of “Hold” and an average target price of $287.65.

CME Group Stock Down 2.1%

CME stock opened at $279.13 on Tuesday. The firm’s 50-day moving average is $267.66 and its two-hundred day moving average is $272.83. The company has a market capitalization of $100.65 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 4.41 and a beta of 0.38. CME Group Inc. has a 52 week low of $224.62 and a 52 week high of $290.79. 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) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.05. CME Group had a net margin of 58.84% and a return on equity of 14.61%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business earned $2.68 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts forecast that CME Group Inc. will post 10.49 earnings per share for the current fiscal year.

CME Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, December 12th. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. CME Group’s dividend payout ratio (DPR) is 48.45%.

Insider Activity at CME Group

In related news, insider Sunil Cutinho sold 11,896 shares of CME Group stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $271.47, for a total transaction of $3,229,407.12. Following the transaction, the insider directly owned 17,440 shares of the company’s stock, valued at $4,734,436.80. The trade was a 40.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy Francis Mccourt sold 379 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total transaction of $98,475.57. Following the completion of the sale, the insider owned 9,508 shares in the company, valued at approximately $2,470,463.64. This trade represents a 3.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,043 shares of company stock worth $3,791,486 in the last quarter. Company insiders own 0.30% of the company’s stock.

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.