CME Group Inc. (NASDAQ:CME) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. trimmed its position in CME Group Inc. (NASDAQ:CME) by 15.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,660 shares of the financial services provider’s stock after selling 310 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in CME Group were worth $350,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CME. Gold Investment Management Ltd. purchased a new position in shares of CME Group in the fourth quarter worth $26,000. Northwest Financial Advisors purchased a new position in shares of CME Group in the fourth quarter worth $28,000. Harbor Investment Advisory LLC raised its holdings in shares of CME Group by 966.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after buying an additional 145 shares during the last quarter. BKM Wealth Management LLC purchased a new position in shares of CME Group in the fourth quarter worth $38,000. Finally, Atticus Wealth Management LLC purchased a new position in shares of CME Group in the third quarter worth $40,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Terrence A. Duffy sold 40,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $210.91, for a total transaction of $8,436,400.00. Following the transaction, the chief executive officer now directly owns 67,455 shares in the company, valued at $14,226,934.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Daniel R. Glickman sold 650 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $201.44, for a total transaction of $130,936.00. Following the sale, the director now directly owns 14,008 shares of the company’s stock, valued at approximately $2,821,771.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Terrence A. Duffy sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $210.91, for a total transaction of $8,436,400.00. Following the sale, the chief executive officer now directly owns 67,455 shares in the company, valued at $14,226,934.05. The disclosure for this sale can be found here. Insiders have sold a total of 51,290 shares of company stock worth $10,807,380 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on CME. Bank of America raised their target price on shares of CME Group from $209.00 to $216.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Barclays raised their target price on shares of CME Group from $226.00 to $228.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Argus raised their target price on shares of CME Group from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $210.00 target price (down previously from $235.00) on shares of CME Group in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CME Group from $222.00 to $226.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, CME Group presently has a consensus rating of “Hold” and a consensus target price of $217.80.

CME Group Stock Performance

CME traded down $0.97 on Friday, reaching $199.36. The stock had a trading volume of 1,886,162 shares, compared to its average volume of 1,795,671. CME Group Inc. has a 12-month low of $177.04 and a 12-month high of $223.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $209.66 and its two-hundred day moving average price is $210.67. The company has a market cap of $71.78 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 5.27 and a beta of 0.52.

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

CME Group Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 2.31%. CME Group’s dividend payout ratio (DPR) is 52.33%.

CME Group 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.