CME Group Inc. (NASDAQ:CME) Stake Raised by Cwm LLC

Cwm LLC boosted its holdings in CME Group Inc. (NASDAQ:CME) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,289 shares of the financial services provider’s stock after acquiring an additional 2,312 shares during the quarter. Cwm LLC’s holdings in CME Group were worth $4,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AE Wealth Management LLC raised its holdings in CME Group by 25.5% during the 3rd quarter. AE Wealth Management LLC now owns 2,543 shares of the financial services provider’s stock worth $509,000 after buying an additional 516 shares during the period. Arkadios Wealth Advisors acquired a new stake in CME Group during the 3rd quarter worth about $261,000. Naples Global Advisors LLC raised its holdings in CME Group by 5.4% during the 3rd quarter. Naples Global Advisors LLC now owns 1,962 shares of the financial services provider’s stock worth $393,000 after buying an additional 100 shares during the period. Impact Partnership Wealth LLC raised its holdings in CME Group by 84.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 690 shares of the financial services provider’s stock worth $138,000 after buying an additional 316 shares during the period. Finally, GHP Investment Advisors Inc. raised its holdings in CME Group by 7.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 14,583 shares of the financial services provider’s stock worth $3,199,000 after buying an additional 956 shares during the period. 87.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Argus boosted their price objective on CME Group from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Rosenblatt Securities reiterated a “sell” rating and issued a $180.00 target price on shares of CME Group in a report on Thursday, January 4th. Morgan Stanley upped their target price on CME Group from $222.00 to $225.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $210.00 target price (down previously from $235.00) on shares of CME Group in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $229.00 target price on shares of CME Group in a report on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $215.70.

CME Group Trading Up 0.6 %

Shares of NASDAQ CME opened at $216.77 on Wednesday. The stock has a market cap of $78.04 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 6.04 and a beta of 0.49. The business has a 50 day simple moving average of $214.78 and a 200 day simple moving average of $211.92. CME Group Inc. has a 52 week low of $175.73 and a 52 week 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.

CME Group (NASDAQ:CME) last announced its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.27 by $0.10. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. CME Group had a return on equity of 12.32% and a net margin of 57.83%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.92 EPS. On average, research analysts predict that CME Group Inc. will post 9.57 earnings per share for the current fiscal year.

CME Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a $1.15 dividend. This is a boost from CME Group’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 2.12%. CME Group’s payout ratio is presently 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.