Magnolia Capital Advisors LLC Purchases 224 Shares of CME Group Inc. (NASDAQ:CME)

Magnolia Capital Advisors LLC grew its position in shares of CME Group Inc. (NASDAQ:CME) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 7,131 shares of the financial services provider’s stock after acquiring an additional 224 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in CME Group were worth $1,470,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of CME Group during the 3rd quarter worth approximately $25,000. Harbor Investment Advisory LLC grew its position 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 buying an additional 145 shares during the period. BKM Wealth Management LLC acquired a new stake in shares of CME Group during the 4th quarter worth approximately $38,000. Compagnie Lombard Odier SCmA acquired a new stake in CME Group in the 3rd quarter valued at $37,000. Finally, Atticus Wealth Management LLC acquired a new stake in CME Group in the 3rd quarter valued at $40,000. Institutional investors own 87.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of CME Group from $225.00 to $226.00 and gave the company an “equal weight” rating in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $210.00 price target (down previously from $235.00) on shares of CME Group in a research report on Friday, April 5th. Rosenblatt Securities reissued a “sell” rating and issued a $180.00 price target on shares of CME Group in a research report on Thursday, January 4th. Morgan Stanley lifted their price target on shares of CME Group from $222.00 to $225.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $229.00 price target on shares of CME Group in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, CME Group presently has a consensus rating of “Hold” and an average price target of $215.70.

CME Group Stock Down 1.9 %

CME traded down $4.18 during mid-day trading on Wednesday, reaching $212.59. 2,636,858 shares of the stock were exchanged, compared to its average volume of 1,790,783. 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 stock has a market capitalization of $76.53 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 6.06 and a beta of 0.49. The company has a 50 day moving average price of $214.73 and a two-hundred day moving average price of $211.93. CME Group Inc. has a 1 year low of $175.73 and a 1 year high of $223.80.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. CME Group had a net margin of 57.83% and a return on equity of 12.32%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 EPS. As a group, research analysts anticipate that CME Group Inc. will post 9.58 EPS for the current year.

CME Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.16%. This is a boost from CME Group’s previous quarterly dividend of $1.10. The ex-dividend date was Thursday, March 7th. CME Group’s payout ratio is presently 51.86%.

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.