Fox Run Management L.L.C. Makes New $1.87 Million Investment in CME Group Inc. $CME

Fox Run Management L.L.C. acquired a new position in shares of CME Group Inc. (NASDAQ:CME) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,782 shares of the financial services provider’s stock, valued at approximately $1,869,000.

Several other hedge funds have also made changes to their positions in CME. Vanguard Group Inc. increased its position in shares of CME Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 34,643,827 shares of the financial services provider’s stock valued at $9,190,661,000 after purchasing an additional 400,737 shares during the period. Raymond James Financial Inc. grew its position in shares of CME Group by 9.7% during the 1st quarter. Raymond James Financial Inc. now owns 4,113,991 shares of the financial services provider’s stock worth $1,091,401,000 after buying an additional 363,130 shares during the period. Vontobel Holding Ltd. grew its holdings in CME Group by 3.0% during the 2nd quarter. Vontobel Holding Ltd. now owns 2,920,046 shares of the financial services provider’s stock worth $804,823,000 after acquiring an additional 84,005 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of CME Group by 29.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,818,590 shares of the financial services provider’s stock worth $747,744,000 after purchasing an additional 648,591 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of CME Group by 10.3% in the 1st quarter. AQR Capital Management LLC now owns 2,783,759 shares of the financial services provider’s stock valued at $735,539,000 after acquiring an additional 260,065 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Analyst Ratings Changes

CME has been the topic of several research analyst reports. TD Cowen raised their price objective on CME Group from $288.00 to $290.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Citigroup raised shares of CME Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $275.00 to $300.00 in a research note on Thursday, September 25th. Piper Sandler upped their target price on CME Group from $283.00 to $296.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded shares of CME Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $266.00 to $300.00 in a report on Thursday, October 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on CME Group from $283.00 to $287.00 and gave the company a “market perform” rating in a research note on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, CME Group presently has an average rating of “Hold” and a consensus target price of $286.06.

CME Group Stock Performance

NASDAQ:CME opened at $276.50 on Friday. The company has a market cap of $99.71 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 4.41 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. CME Group Inc. has a fifty-two week low of $222.56 and a fifty-two week high of $290.79. The stock has a fifty day moving average price of $265.86 and a 200-day moving average price of $272.29.

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

CME Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $5.00 annualized dividend and a yield of 1.8%. CME Group’s payout ratio is presently 48.45%.

Insider Transactions at CME Group

In related news, Director Harold Eugene Jr. Ford sold 1,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $263.53, for a total value of $263,530.00. Following the completion of the transaction, the director owned 1,091 shares of the company’s stock, valued at $287,511.23. This represents a 47.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy Francis Mccourt sold 379 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total transaction of $98,475.57. Following the sale, the insider directly owned 9,508 shares in the company, valued at approximately $2,470,463.64. The trade was a 3.83% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 14,043 shares of company stock valued at $3,791,486. 0.30% of the stock is owned by company insiders.

CME Group Company Profile

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.