SRN Advisors LLC Raises Stock Holdings in CME Group Inc. (NASDAQ:CME)

SRN Advisors LLC raised its holdings in CME Group Inc. (NASDAQ:CME) by 5.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,666 shares of the financial services provider’s stock after buying an additional 174 shares during the quarter. SRN Advisors LLC’s holdings in CME Group were worth $789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CME. Gold Investment Management Ltd. acquired a new position in shares of CME Group in the fourth quarter valued at about $26,000. Northwest Financial Advisors acquired a new position in shares of CME Group in the fourth quarter valued at about $28,000. Salomon & Ludwin LLC acquired a new position in shares of CME Group in the first quarter valued at about $28,000. Harbor Investment Advisory LLC increased 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 valued at $34,000 after purchasing an additional 145 shares during the period. Finally, Rise Advisors LLC acquired a new position in shares of CME Group in the first quarter valued at about $41,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Elizabeth A. Cook sold 1,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $211.52, for a total transaction of $211,520.00. Following the completion of the transaction, the director now directly owns 18,241 shares of the company’s stock, valued at approximately $3,858,336.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Elizabeth A. Cook sold 1,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $211.52, for a total transaction of $211,520.00. Following the completion of the transaction, the director now directly owns 18,241 shares of the company’s stock, valued at approximately $3,858,336.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Charles P. Carey sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $195.44, for a total value of $586,320.00. Following the transaction, the director now directly owns 7,163 shares of the company’s stock, valued at $1,399,936.72. The disclosure for this sale can be found here. Insiders sold 14,290 shares of company stock valued at $2,957,300 in the last three months. 0.30% of the stock is owned by corporate insiders.

CME Group Trading Up 1.8 %

Shares of NASDAQ CME traded up $3.52 during trading on Friday, reaching $199.83. The stock had a trading volume of 2,373,846 shares, compared to its average volume of 2,146,911. CME Group Inc. has a fifty-two week low of $190.70 and a fifty-two week high of $223.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.02. The business’s 50-day moving average price is $198.38 and its 200-day moving average price is $206.99. The company has a market cap of $71.95 billion, a P/E ratio of 22.73, a PEG ratio of 6.27 and a beta of 0.52.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. CME Group had a return on equity of 12.82% and a net margin of 56.98%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm posted $2.30 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. On average, equities research analysts predict that CME Group Inc. will post 9.8 EPS for the current fiscal year.

CME Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Friday, June 7th were paid a dividend of $1.15 per share. The ex-dividend date was Friday, June 7th. This represents a $4.60 annualized dividend and a yield of 2.30%. CME Group’s payout ratio is 52.33%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on CME Group from $187.00 to $191.00 and gave the company an “underweight” rating in a report on Thursday, July 25th. Bank of America raised their price objective on CME Group from $209.00 to $216.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Keefe, Bruyette & Woods raised their price objective on CME Group from $212.00 to $213.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Piper Sandler decreased their target price on CME Group from $235.00 to $225.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Barclays raised their target price on CME Group from $208.00 to $209.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $212.64.

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.