CME Group Inc. (CME) To Go Ex-Dividend on September 9th

CME Group Inc. (NASDAQ:CME) declared a quarterly dividend on Thursday, August 7th, RTT News reports. Investors of record on Tuesday, September 9th will be given a dividend of 1.25 per share by the financial services provider on Thursday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 9th.

CME Group has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CME Group to earn $10.99 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 45.5%.

CME Group Stock Down 2.1%

CME Group stock opened at $261.94 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. CME Group has a 12-month low of $212.38 and a 12-month high of $290.79. The firm’s fifty day moving average is $274.96 and its 200 day moving average is $269.99. The company has a market capitalization of $94.40 billion, a PE ratio of 25.36, a PEG ratio of 4.74 and a beta of 0.43.

CME Group (NASDAQ:CME) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.05. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. CME Group had a net margin of 58.48% and a return on equity of 14.60%. CME Group’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.56 EPS. As a group, sell-side analysts predict that CME Group will post 10.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William R. Shepard bought 256 shares of CME Group stock in a transaction dated Wednesday, June 25th. The stock was purchased at an average cost of $270.53 per share, with a total value of $69,255.68. Following the transaction, the director directly owned 258,196 shares of the company’s stock, valued at approximately $69,849,763.88. The trade was a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sunil Cutinho sold 11,896 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $271.47, for a total transaction of $3,229,407.12. Following the transaction, the insider directly owned 17,440 shares of the company’s stock, valued at $4,734,436.80. This represents a 40.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Webster Bank N. A. grew its position in shares of CME Group by 206.9% during the 2nd quarter. Webster Bank N. A. now owns 89 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 60 shares during the period. Highline Wealth Partners LLC grew its position in shares of CME Group by 84.3% during the 2nd quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 43 shares during the period. Wayfinding Financial LLC bought a new position in shares of CME Group during the 1st quarter valued at approximately $25,000. Cornerstone Planning Group LLC boosted its holdings in CME Group by 122.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 100 shares of the financial services provider’s stock worth $26,000 after buying an additional 55 shares during the period. Finally, Sagard Holdings Management Inc. purchased a new position in CME Group in the 2nd quarter valued at approximately $30,000. 87.75% of the stock is owned by institutional investors.

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.