Shelter Mutual Insurance Co Takes Position in CME Group Inc. $CME

Shelter Mutual Insurance Co purchased a new position in CME Group Inc. (NASDAQ:CME) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,920 shares of the financial services provider’s stock, valued at approximately $10,141,000. CME Group makes up about 2.1% of Shelter Mutual Insurance Co’s holdings, making the stock its 14th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CME. Whipplewood Advisors LLC lifted its stake in CME Group by 2,075.0% in the 1st quarter. Whipplewood Advisors LLC now owns 87 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Elkhorn Partners Limited Partnership acquired a new position in shares of CME Group during the 4th quarter worth approximately $27,000. Hilton Head Capital Partners LLC purchased a new stake in shares of CME Group in the fourth quarter valued at approximately $28,000. Legacy Wealth Managment LLC ID grew its position in shares of CME Group by 191.9% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 108 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 71 shares in the last quarter. Finally, Main Street Group LTD acquired a new stake in shares of CME Group in the first quarter valued at approximately $32,000. 87.75% of the stock is currently owned by institutional investors and hedge funds.

CME Group Trading Up 1.5%

NASDAQ CME opened at $274.98 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $98.88 billion, a P/E ratio of 23.32, a PEG ratio of 3.16 and a beta of 0.23. The firm’s 50-day moving average is $251.17 and its two-hundred day moving average is $279.65. CME Group Inc. has a 12 month low of $218.31 and a 12 month high of $329.16.

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

CME Group Dividend Announcement

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

Wall Street Analyst Weigh In

CME has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded CME Group from a “market perform” rating to an “outperform” rating and set a $305.00 price objective on the stock in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft downgraded CME Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $286.00 to $270.00 in a research note on Wednesday. UBS Group lowered their price target on shares of CME Group from $310.00 to $260.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Weiss Ratings lowered shares of CME Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $320.00 price objective on shares of CME Group in a report on Thursday, July 2nd. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $288.56.

Insider Buying and Selling at CME Group

In other news, Director William R. Shepard acquired 325 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average price of $230.57 per share, for a total transaction of $74,935.25. Following the acquisition, the director owned 260,442 shares of the company’s stock, valued at $60,050,111.94. This represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

CME Group Profile

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.