Lindsell Train Ltd Sells 1,200 Shares of CME Group Inc. $CME

Lindsell Train Ltd cut its position in CME Group Inc. (NASDAQ:CME) by 14.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,400 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. CME Group accounts for 0.0% of Lindsell Train Ltd’s portfolio, making the stock its 19th biggest holding. Lindsell Train Ltd’s holdings in CME Group were worth $2,040,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CME. AIA Group Ltd increased its holdings in CME Group by 17.8% during the 1st quarter. AIA Group Ltd now owns 16,645 shares of the financial services provider’s stock worth $4,416,000 after purchasing an additional 2,510 shares in the last quarter. Lockheed Martin Investment Management Co. boosted its position in shares of CME Group by 34.1% during the first quarter. Lockheed Martin Investment Management Co. now owns 58,690 shares of the financial services provider’s stock valued at $15,570,000 after buying an additional 14,910 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in CME Group by 20.1% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,894 shares of the financial services provider’s stock worth $2,359,000 after buying an additional 1,491 shares in the last quarter. Truist Financial Corp raised its position in CME Group by 10.0% in the 2nd quarter. Truist Financial Corp now owns 64,939 shares of the financial services provider’s stock valued at $17,898,000 after buying an additional 5,914 shares during the last quarter. Finally, Heritage Investors Management Corp bought a new position in CME Group during the 1st quarter valued at $298,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

CME Group Trading Up 0.5%

Shares of CME stock opened at $285.04 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. The firm has a market cap of $102.79 billion, a P/E ratio of 27.62, a PEG ratio of 4.41 and a beta of 0.38. The company has a 50 day moving average of $267.33 and a 200-day moving average of $272.85. CME Group Inc. has a 12-month low of $222.56 and a 12-month high of $290.79.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.05. CME Group had a return on equity of 14.61% and a net margin of 58.84%.The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the company earned $2.68 earnings per share. CME Group’s revenue was down 3.0% compared to the same quarter last year. Sell-side analysts anticipate that CME Group Inc. will post 10.49 earnings per share for the current year.

CME Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 12th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, December 12th. CME Group’s payout ratio is currently 48.45%.

Insider Buying and Selling at CME Group

In related news, Director Harold Eugene Jr. Ford sold 1,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $263.53, for a total transaction of $263,530.00. Following the sale, the director directly owned 1,091 shares in the company, valued at approximately $287,511.23. The trade was a 47.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Timothy Francis Mccourt sold 379 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total value of $98,475.57. Following the completion of the transaction, the insider owned 9,508 shares of the company’s stock, valued at approximately $2,470,463.64. This represents a 3.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 14,043 shares of company stock valued at $3,791,486. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on CME shares. Raymond James Financial reduced their target price on shares of CME Group from $309.00 to $307.00 and set an “outperform” rating for the company in a research note on Monday, October 13th. Keefe, Bruyette & Woods boosted their price target on shares of CME Group from $283.00 to $287.00 and gave the stock a “market perform” rating in a report on Monday, October 13th. Argus decreased their price objective on shares of CME Group from $308.00 to $295.00 in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft boosted their target price on CME Group from $300.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Barclays decreased their price target on CME Group from $298.00 to $280.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Eight research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $287.65.

About CME Group

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.