CME Group Inc. (NASDAQ:CME) to Issue $1.25 Quarterly Dividend

CME Group Inc. (NASDAQ:CME) announced a quarterly dividend on Thursday, November 6th. Investors of record on Friday, December 12th will be paid a dividend of 1.25 per share by the financial services provider on Tuesday, December 30th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, December 12th.

CME Group has raised its dividend by an average of 0.1%per year over the last three years. CME Group has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NASDAQ CME opened at $271.42 on Friday. The business has a fifty day moving average price of $265.66 and a two-hundred day moving average price of $272.18. The stock has a market capitalization of $97.87 billion, a PE ratio of 26.30, a P/E/G ratio of 4.41 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. CME Group has a fifty-two week low of $220.41 and a fifty-two week high of $290.79.

CME Group (NASDAQ:CME) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.05. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.56 billion. CME Group had a return on equity of 14.61% and a net margin of 58.84%.CME Group’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.68 earnings per share. As a group, equities analysts predict that CME Group will post 10.49 earnings per share for the current fiscal year.

Insider Buying and Selling at CME Group

In other news, insider Timothy Francis Mccourt sold 379 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total value of $98,475.57. Following the completion of the transaction, the insider owned 9,508 shares of the company’s stock, valued at $2,470,463.64. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sunil Cutinho sold 11,896 shares of CME Group stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $271.47, for a total transaction of $3,229,407.12. Following the sale, the insider owned 17,440 shares in the company, valued at approximately $4,734,436.80. This represents a 40.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,043 shares of company stock worth $3,791,486 over the last three months. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CME Group

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of CME Group in the 2nd quarter valued at $1,571,447,000. GQG Partners LLC grew its position in CME Group by 7,676.3% in the 1st quarter. GQG Partners LLC now owns 2,205,041 shares of the financial services provider’s stock valued at $584,975,000 after purchasing an additional 2,176,685 shares during the period. Wellington Management Group LLP increased its stake in CME Group by 370.5% during the 1st quarter. Wellington Management Group LLP now owns 2,653,957 shares of the financial services provider’s stock valued at $704,068,000 after purchasing an additional 2,089,935 shares in the last quarter. Nuveen LLC acquired a new position in CME Group during the first quarter worth $218,842,000. Finally, Alliancebernstein L.P. lifted its stake in shares of CME Group by 185.5% in the first quarter. Alliancebernstein L.P. now owns 1,244,608 shares of the financial services provider’s stock valued at $330,182,000 after buying an additional 808,740 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

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.