Redpoint Investment Management Pty Ltd raised its position in shares of CME Group Inc (NASDAQ:CME) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,253 shares of the financial services provider’s stock after buying an additional 1,006 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in CME Group were worth $4,186,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Ruggie Capital Group bought a new stake in CME Group in the 4th quarter worth about $28,000. Nelson Roberts Investment Advisors LLC bought a new stake in CME Group in the 4th quarter worth about $33,000. Ipswich Investment Management Co. Inc. bought a new stake in CME Group in the 4th quarter worth about $47,000. Contravisory Investment Management Inc. increased its holdings in CME Group by 197.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 253 shares of the financial services provider’s stock worth $48,000 after buying an additional 168 shares in the last quarter. Finally, Alpha Windward LLC increased its holdings in CME Group by 820.0% in the 4th quarter. Alpha Windward LLC now owns 322 shares of the financial services provider’s stock worth $61,000 after buying an additional 287 shares in the last quarter. 90.59% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on CME. Zacks Investment Research downgraded CME Group from a “buy” rating to a “hold” rating in a report on Friday, December 7th. BidaskClub downgraded CME Group from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Barclays started coverage on CME Group in a research note on Tuesday, December 4th. They set an “overweight” rating and a $210.00 price target for the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $184.00 price target on shares of CME Group in a research note on Monday, December 10th. Finally, Wells Fargo & Co boosted their price target on CME Group from $175.00 to $177.00 and gave the company a “market perform” rating in a research note on Friday, October 26th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $195.21.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Friday, March 8th will be paid a dividend of $0.75 per share. This is an increase from CME Group’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, March 7th. CME Group’s payout ratio is currently 58.70%.
In related news, insider Sean Tully sold 13,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $191.69, for a total transaction of $2,587,815.00. Following the completion of the transaction, the insider now directly owns 36,328 shares in the company, valued at approximately $6,963,714.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Terrence A. Duffy sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $188.80, for a total value of $1,888,000.00. Following the transaction, the chairman now owns 95,652 shares of the company’s stock, valued at $18,059,097.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,494 shares of company stock valued at $9,967,852. Corporate insiders own 0.43% of the company’s stock.
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CME Group Company Profile
CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.
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