CME Group Inc (NASDAQ:CME) Stock Position Decreased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC trimmed its stake in CME Group Inc (NASDAQ:CME) by 6.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 697,257 shares of the financial services provider’s stock after selling 50,703 shares during the period. CIBC Private Wealth Group LLC owned 0.19% of CME Group worth $147,357,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Advantage Investment Management LLC raised its stake in shares of CME Group by 119.0% in the 2nd quarter. Advantage Investment Management LLC now owns 184 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Westside Investment Management Inc. bought a new position in shares of CME Group in the 2nd quarter valued at approximately $38,000. Private Capital Group LLC raised its stake in shares of CME Group by 44.9% in the 2nd quarter. Private Capital Group LLC now owns 242 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 75 shares in the last quarter. Motco grew its holdings in CME Group by 55.8% in the 2nd quarter. Motco now owns 268 shares of the financial services provider’s stock valued at $52,000 after buying an additional 96 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in CME Group by 209.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 263 shares of the financial services provider’s stock valued at $53,000 after buying an additional 178 shares during the last quarter. 84.92% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Daniel R. Glickman sold 500 shares of CME Group stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $216.01, for a total transaction of $108,005.00. Following the sale, the director now owns 14,593 shares of the company’s stock, valued at approximately $3,152,233.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis Suskind sold 1,500 shares of CME Group stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $212.46, for a total value of $318,690.00. Following the sale, the director now directly owns 4,853 shares in the company, valued at approximately $1,031,068.38. The disclosure for this sale can be found here. Insiders have sold a total of 57,126 shares of company stock worth $11,752,684 in the last three months. 1.20% of the stock is owned by insiders.

A number of analysts have issued reports on the company. ValuEngine lowered CME Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Deutsche Bank raised their target price on CME Group from $224.00 to $240.00 and gave the company a “buy” rating in a report on Friday, August 9th. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Berenberg Bank lowered CME Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $236.00 to $227.00 in a report on Thursday, September 19th. Finally, UBS Group raised their target price on CME Group from $214.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $200.43.

CME traded down $1.05 during midday trading on Wednesday, reaching $211.52. The company’s stock had a trading volume of 67,070 shares, compared to its average volume of 1,214,379. CME Group Inc has a twelve month low of $161.05 and a twelve month high of $224.91. The stock has a market cap of $76.21 billion, a P/E ratio of 31.00, a PEG ratio of 4.50 and a beta of 0.20. The company has a fifty day simple moving average of $213.73 and a 200 day simple moving average of $197.64. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.15.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. CME Group had a return on equity of 9.14% and a net margin of 39.36%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $1.74 EPS. CME Group’s revenue for the quarter was up 20.1% compared to the same quarter last year. Sell-side analysts expect that CME Group Inc will post 6.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Monday, September 9th. CME Group’s payout ratio is presently 43.99%.

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 commodities, and metals, as well as fixed income products.

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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