17,018 CME Group Inc. $CME Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in shares of CME Group Inc. (NASDAQ:CME) by 47.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 52,523 shares of the financial services provider’s stock after acquiring an additional 17,018 shares during the quarter. State of Alaska Department of Revenue’s holdings in CME Group were worth $13,760,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC lifted its stake in CME Group by 4.3% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 27,718 shares of the financial services provider’s stock valued at $6,905,000 after buying an additional 1,135 shares in the last quarter. Winnacle Wealth LLC boosted its holdings in shares of CME Group by 64.6% in the third quarter. Winnacle Wealth LLC now owns 5,900 shares of the financial services provider’s stock worth $1,546,000 after buying an additional 2,316 shares during the period. Ashurst Perkins Coie Trust Co boosted its holdings in shares of CME Group by 24.1% in the third quarter. Ashurst Perkins Coie Trust Co now owns 3,242 shares of the financial services provider’s stock worth $848,000 after buying an additional 629 shares during the period. Mather Group LLC. increased its position in shares of CME Group by 162.1% in the third quarter. Mather Group LLC. now owns 6,728 shares of the financial services provider’s stock worth $1,763,000 after acquiring an additional 4,161 shares in the last quarter. Finally, First Pacific Financial increased its position in shares of CME Group by 449.3% in the third quarter. First Pacific Financial now owns 379 shares of the financial services provider’s stock worth $99,000 after acquiring an additional 310 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Insider Buying and Selling

In related news, Director Elizabeth Cook sold 500 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $280.11, for a total transaction of $140,055.00. Following the transaction, the director directly owned 17,916 shares of the company’s stock, valued at approximately $5,018,450.76. The trade was a 2.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Terrence Duffy sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $274.44, for a total transaction of $4,116,600.00. Following the transaction, the chief executive officer directly owned 40,630 shares in the company, valued at $11,150,497.20. The trade was a 26.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by corporate insiders.

CME Group Stock Up 1.1%

NASDAQ CME traded up $3.24 during trading on Thursday, reaching $288.83. 676,215 shares of the company’s stock were exchanged, compared to its average volume of 2,510,452. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13. CME Group Inc. has a fifty-two week low of $218.31 and a fifty-two week high of $329.16. The company’s fifty day simple moving average is $273.01 and its 200-day simple moving average is $270.63. The firm has a market capitalization of $103.86 billion, a PE ratio of 24.50, a P/E/G ratio of 3.64 and a beta of 0.24.

CME Group (NASDAQ:CME) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.68 billion. CME Group had a return on equity of 15.60% and a net margin of 63.30%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.96 EPS. Sell-side analysts predict that CME Group Inc. will post 12.29 EPS for the current year.

CME Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Wednesday, September 9th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, September 9th. CME Group’s dividend payout ratio (DPR) is currently 44.11%.

Wall Street Analyst Weigh In

CME has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of CME Group from a “strong sell” rating to a “sell” rating in a report on Saturday, October 3rd. Morgan Stanley lifted their price objective on shares of CME Group from $330.00 to $337.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. The Goldman Sachs Group lowered their price objective on shares of CME Group from $267.00 to $245.00 and set a “sell” rating on the stock in a research report on Tuesday, June 30th. Barclays boosted their target price on shares of CME Group from $270.00 to $281.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft lowered CME Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $286.00 to $270.00 in a report on Wednesday, August 19th. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $292.94.

CME Group Company Profile

CME Group Inc operates global derivatives marketplaces that enable customers to manage risk and trade futures and options contracts. Its exchanges offer products linked to interest rates, equity indexes, foreign currencies, agricultural commodities, energy, metals and other asset classes.

The company also provides central counterparty clearing, settlement and related risk-management services for transactions conducted on its markets. In addition, CME Group offers market data, benchmark products and technology services that support trading, analysis and connectivity for financial institutions, businesses, professional traders and other market participants.

CME Group’s history includes the Chicago Board of Trade, founded in 1848, and the Chicago Mercantile Exchange, established in 1898.