CME Group Inc. (NASDAQ:CME) Stock Position Increased by WealthShield Partners LLC

WealthShield Partners LLC lifted its position in CME Group Inc. (NASDAQ:CMEFree Report) by 16.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,159 shares of the financial services provider’s stock after buying an additional 1,749 shares during the period. WealthShield Partners LLC’s holdings in CME Group were worth $2,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CME. OFI Invest Asset Management bought a new stake in shares of CME Group in the 3rd quarter worth $25,000. MayTech Global Investments LLC acquired a new stake in shares of CME Group during the fourth quarter worth $25,000. Power Corp of Canada acquired a new stake in shares of CME Group during the first quarter worth $26,000. Providence Capital Advisors LLC acquired a new stake in shares of CME Group during the first quarter worth $30,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of CME Group during the third quarter worth $37,000. Institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “sell” rating and set a $180.00 price target on shares of CME Group in a report on Thursday, January 4th. Argus lifted their price target on CME Group from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $229.00 price target on shares of CME Group in a report on Wednesday. The Goldman Sachs Group downgraded CME Group from a “neutral” rating to a “sell” rating and set a $195.00 price target on the stock. in a report on Wednesday, January 3rd. Finally, Barclays lifted their price target on CME Group from $222.00 to $225.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $218.36.

Check Out Our Latest Analysis on CME

CME Group Stock Performance

Shares of NASDAQ CME traded down $2.53 during trading hours on Wednesday, hitting $212.27. 984,221 shares of the company’s stock were exchanged, compared to its average volume of 1,766,286. CME Group Inc. has a 1-year low of $175.73 and a 1-year high of $223.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $76.42 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 3.35 and a beta of 0.49. The company’s 50-day moving average price is $213.06 and its 200-day moving average price is $211.09.

CME Group (NASDAQ:CMEGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.10. CME Group had a return on equity of 12.32% and a net margin of 57.83%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm earned $1.92 EPS. The firm’s revenue was up 19.2% compared to the same quarter last year. On average, sell-side analysts expect that CME Group Inc. will post 9.61 earnings per share for the current fiscal year.

CME Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from CME Group’s previous quarterly dividend of $1.10. CME Group’s payout ratio is currently 51.86%.

About CME Group

(Free Report)

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.

Further Reading

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

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