Scissortail Wealth Management LLC Has $4.34 Million Holdings in CME Group Inc. (NASDAQ:CME)

Scissortail Wealth Management LLC boosted its position in shares of CME Group Inc. (NASDAQ:CME) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,169 shares of the financial services provider’s stock after acquiring an additional 2,216 shares during the period. CME Group accounts for 1.4% of Scissortail Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Scissortail Wealth Management LLC’s holdings in CME Group were worth $4,335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CME. OFI Invest Asset Management bought a new position in shares of CME Group during the 3rd quarter worth about $25,000. MayTech Global Investments LLC bought a new position in shares of CME Group during the 4th quarter worth about $25,000. Power Corp of Canada bought a new position in shares of CME Group during the 1st quarter worth about $26,000. Providence Capital Advisors LLC bought a new position in shares of CME Group during the 1st quarter worth about $30,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of CME Group by 966.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 160 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

CME has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $229.00 target price on shares of CME Group in a research note on Wednesday, April 3rd. The Goldman Sachs Group cut shares of CME Group from a “neutral” rating to a “sell” rating and set a $195.00 target price on the stock. in a research note on Wednesday, January 3rd. Rosenblatt Securities reissued a “sell” rating and issued a $180.00 target price on shares of CME Group in a research note on Thursday, January 4th. Morgan Stanley upped their target price on shares of CME Group from $222.00 to $225.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Argus upped their target price on shares of CME Group from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $215.70.

CME Group Trading Up 0.1 %

NASDAQ:CME traded up $0.25 during trading hours on Tuesday, hitting $206.48. The stock had a trading volume of 1,151,676 shares, compared to its average volume of 1,772,186. CME Group Inc. has a one year low of $175.73 and a one year high of $223.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $74.33 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 5.95 and a beta of 0.49. The business’s 50 day moving average is $214.01 and its 200-day moving average is $211.60.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.10. CME Group had a net margin of 57.83% and a return on equity of 12.32%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm earned $1.92 earnings per share. The firm’s revenue was up 19.2% compared to the same quarter last year. Sell-side analysts anticipate that CME Group Inc. will post 9.56 EPS for the current fiscal year.

CME Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a $1.15 dividend. The ex-dividend date was Thursday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 2.23%. This is an increase from CME Group’s previous quarterly dividend of $1.10. CME Group’s dividend payout ratio (DPR) is 51.86%.

CME Group Company 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.