Tidal Investments LLC Has $18.50 Million Holdings in CME Group Inc. (NASDAQ:CME)

Tidal Investments LLC boosted its holdings in shares of CME Group Inc. (NASDAQ:CME) by 8.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,677 shares of the financial services provider’s stock after acquiring an additional 5,980 shares during the quarter. Tidal Investments LLC’s holdings in CME Group were worth $18,503,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. True Wealth Design LLC boosted its position in CME Group by 15.4% during the 4th quarter. True Wealth Design LLC now owns 668 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 89 shares during the period. Tema Etfs LLC acquired a new stake in shares of CME Group during the 4th quarter valued at about $604,000. Thornburg Investment Management Inc. lifted its holdings in shares of CME Group by 2.3% during the 4th quarter. Thornburg Investment Management Inc. now owns 1,292,107 shares of the financial services provider’s stock valued at $300,066,000 after buying an additional 28,500 shares during the last quarter. Scissortail Wealth Management LLC lifted its holdings in shares of CME Group by 5,394.8% during the 4th quarter. Scissortail Wealth Management LLC now owns 21,210 shares of the financial services provider’s stock valued at $4,926,000 after buying an additional 20,824 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of CME Group by 24.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 8,774 shares of the financial services provider’s stock valued at $2,088,000 after buying an additional 1,733 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CME Group

In related news, insider Derek Sammann sold 4,650 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $280.61, for a total value of $1,304,836.50. Following the completion of the sale, the insider now owns 8,336 shares in the company, valued at approximately $2,339,164.96. This trade represents a 35.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis Suskind sold 1,000 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $271.28, for a total transaction of $271,280.00. Following the completion of the transaction, the director now directly owns 2,915 shares of the company’s stock, valued at $790,781.20. This trade represents a 25.54% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,134 shares of company stock worth $6,087,434. Company insiders own 0.30% of the company’s stock.

CME Group Stock Up 0.8%

Shares of CME stock opened at $276.29 on Monday. CME Group Inc. has a 12 month low of $190.70 and a 12 month high of $286.48. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The firm has a market cap of $99.56 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 6.76 and a beta of 0.45. The stock has a 50 day moving average of $265.86 and a 200-day moving average of $247.33.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.19. CME Group had a net margin of 57.52% and a return on equity of 13.62%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. On average, equities analysts predict that CME Group Inc. will post 10.49 EPS for the current year.

CME Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Monday, June 9th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Monday, June 9th. CME Group’s payout ratio is presently 50.30%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CME shares. Barclays lifted their price target on CME Group from $279.00 to $283.00 and gave the company an “equal weight” rating in a report on Wednesday, April 23rd. Raymond James upgraded CME Group from a “market perform” rating to an “outperform” rating and set a $287.00 price target for the company in a report on Monday, March 10th. Oppenheimer lifted their price target on CME Group from $269.00 to $279.00 and gave the company an “outperform” rating in a report on Friday, April 11th. Morgan Stanley lifted their price target on CME Group from $301.00 to $304.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lifted their price target on CME Group from $265.00 to $273.00 and gave the company a “market perform” rating in a report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $256.80.

About CME Group

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.