OneDigital Investment Advisors LLC Purchases New Position in CME Group Inc. $CME

OneDigital Investment Advisors LLC purchased a new stake in shares of CME Group Inc. (NASDAQ:CME) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,056 shares of the financial services provider’s stock, valued at approximately $675,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of CME Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 35,895,583 shares of the financial services provider’s stock valued at $9,802,366,000 after buying an additional 588,509 shares during the period. State Street Corp lifted its stake in CME Group by 0.4% in the fourth quarter. State Street Corp now owns 16,144,525 shares of the financial services provider’s stock worth $4,408,747,000 after acquiring an additional 56,725 shares during the period. Norges Bank bought a new stake in CME Group in the fourth quarter valued at $1,523,241,000. Bank of New York Mellon Corp increased its position in CME Group by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 4,924,475 shares of the financial services provider’s stock valued at $1,344,776,000 after purchasing an additional 134,242 shares during the period. Finally, Raymond James Financial Inc. increased its position in CME Group by 5.4% during the 4th quarter. Raymond James Financial Inc. now owns 4,319,763 shares of the financial services provider’s stock valued at $1,179,858,000 after purchasing an additional 222,890 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

CME Group Price Performance

Shares of CME opened at $271.54 on Wednesday. CME Group Inc. has a twelve month low of $218.31 and a twelve month high of $329.16. The company has a market capitalization of $97.64 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 3.14 and a beta of 0.23. The firm has a 50 day moving average of $250.82 and a 200 day moving average of $279.97. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $0.08. CME Group had a return on equity of 15.60% and a net margin of 63.30%.The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the firm posted $2.96 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that CME Group Inc. will post 12.27 earnings per share for the current fiscal year.

CME Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 9th. CME Group’s dividend payout ratio is presently 44.11%.

Wall Street Analyst Weigh In

CME has been the subject of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of CME Group from $267.00 to $245.00 and set a “sell” rating for the company in a research report on Tuesday, June 30th. Erste Group Bank cut shares of CME Group from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Morgan Stanley raised their price objective on shares of CME Group from $324.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. UBS Group cut their price objective on CME Group from $310.00 to $260.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Finally, Wall Street Zen downgraded CME Group from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, CME Group currently has a consensus rating of “Hold” and an average price target of $291.81.

Insider Activity

In other CME Group news, Director William R. Shepard acquired 325 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average cost of $230.57 per share, with a total value of $74,935.25. Following the completion of the transaction, the director directly owned 260,442 shares of the company’s stock, valued at approximately $60,050,111.94. This represents a 0.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by insiders.

About CME Group

CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.