Destination Wealth Management Purchases New Holdings in CME Group Inc. $CME

Destination Wealth Management purchased a new stake in shares of CME Group Inc. (NASDAQ:CMEFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,032 shares of the financial services provider’s stock, valued at approximately $555,000.

A number of other large investors also recently bought and sold shares of the business. West Family Investments Inc. lifted its position in CME Group by 1.2% during the 3rd quarter. West Family Investments Inc. now owns 3,062 shares of the financial services provider’s stock valued at $827,000 after acquiring an additional 37 shares during the period. Asset Dedication LLC lifted its position in CME Group by 64.9% during the 4th quarter. Asset Dedication LLC now owns 94 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 37 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its position in CME Group by 0.3% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 11,523 shares of the financial services provider’s stock valued at $3,147,000 after acquiring an additional 37 shares during the period. Rehmann Capital Advisory Group lifted its position in CME Group by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 898 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 37 shares during the period. Finally, 1248 Management LLC lifted its position in CME Group by 26.8% during the 3rd quarter. 1248 Management LLC now owns 180 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 38 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.

CME Group Price Performance

Shares of CME Group stock opened at $269.53 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $97.67 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 3.01 and a beta of 0.21. CME Group Inc. has a 52-week low of $244.56 and a 52-week high of $329.16. The company has a 50-day simple moving average of $284.79 and a two-hundred day simple moving average of $288.16.

CME Group (NASDAQ:CMEGet Free Report) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.25. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. CME Group had a net margin of 63.19% and a return on equity of 15.42%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.80 earnings per share. On average, analysts anticipate that CME Group Inc. will post 12.28 EPS for the current fiscal year.

CME Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $5.20 annualized dividend and a yield of 1.9%. CME Group’s payout ratio is 44.37%.

Trending Headlines about CME Group

Here are the key news stories impacting CME Group this week:

Insiders Place Their Bets

In other news, CEO Terrence A. Duffy sold 35,000 shares of CME Group stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $298.51, for a total value of $10,447,850.00. Following the completion of the sale, the chief executive officer directly owned 55,630 shares in the company, valued at $16,606,111.30. The trade was a 38.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Hilda Harris Piell sold 5,753 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $304.63, for a total transaction of $1,752,536.39. Following the transaction, the insider directly owned 27,702 shares of the company’s stock, valued at $8,438,860.26. The trade was a 17.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 44,044 shares of company stock valued at $13,297,507. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of CME Group from $342.00 to $322.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Barclays lowered their price target on shares of CME Group from $343.00 to $316.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Erste Group Bank cut shares of CME Group from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Weiss Ratings cut shares of CME Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday. Finally, Wall Street Zen raised shares of CME Group from a “sell” rating to a “hold” rating in a research report on Saturday. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, CME Group has a consensus rating of “Hold” and an average price target of $305.71.

Get Our Latest Analysis on CME Group

About CME Group

(Free Report)

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.

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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