5,153 Shares in CME Group Inc. $CME Acquired by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC purchased a new position in shares of CME Group Inc. (NASDAQ:CME) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,153 shares of the financial services provider’s stock, valued at approximately $1,138,000.

A number of other hedge funds also recently made changes to their positions in the stock. Jefferies Financial Group Inc. purchased a new stake in shares of CME Group during the 2nd quarter valued at $42,500,000. Public Employees Retirement System of Ohio purchased a new position in shares of CME Group in the 2nd quarter worth $29,737,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of CME Group in the 2nd quarter worth $7,501,000. Blue Edge Capital LLC purchased a new position in shares of CME Group in the 2nd quarter worth $344,000. Finally, Proficio Capital Partners LLC acquired a new position in CME Group in the second quarter valued at $264,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analysts Set New Price Targets

CME has been the subject of a number of research reports. Rothschild & Co Redburn raised CME Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $316.00 to $323.00 in a research report on Thursday, June 11th. Wall Street Zen downgraded CME Group from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. UBS Group reduced their price objective on CME Group from $310.00 to $260.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Erste Group Bank downgraded shares of CME Group from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Barclays dropped their target price on shares of CME Group from $316.00 to $270.00 and set an “equal weight” rating for the company in a research report on Thursday, July 9th. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $288.56.

Insider Activity

In related news, Director William R. Shepard bought 325 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of $230.57 per share, for a total transaction of $74,935.25. Following the acquisition, the director owned 260,442 shares in the company, valued at $60,050,111.94. This represents a 0.12% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

CME Group Stock Down 0.0%

Shares of CME Group stock opened at $280.94 on Friday. CME Group Inc. has a twelve month low of $218.31 and a twelve month high of $329.16. The stock has a market cap of $101.02 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 3.34 and a beta of 0.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $253.01 and a 200 day moving average price of $279.09.

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

CME Group Dividend Announcement

The business also recently announced 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 is Wednesday, September 9th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.9%. CME Group’s dividend payout ratio (DPR) is 44.11%.

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.