CME Group Inc. (NASDAQ:CME) Shares Purchased by WealthShield Partners LLC

WealthShield Partners LLC boosted its position in shares of CME Group Inc. (NASDAQ:CMEFree Report) by 16.8% in the 4th quarter, HoldingsChannel reports. The fund owned 12,159 shares of the financial services provider’s stock after acquiring an additional 1,749 shares during the period. WealthShield Partners LLC’s holdings in CME Group were worth $2,624,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of CME Group during the 4th quarter worth $610,482,000. Morgan Stanley boosted its stake in shares of CME Group by 31.5% during the 3rd quarter. Morgan Stanley now owns 4,858,967 shares of the financial services provider’s stock worth $972,863,000 after purchasing an additional 1,163,103 shares during the last quarter. PineStone Asset Management Inc. lifted its holdings in shares of CME Group by 261.4% during the 3rd quarter. PineStone Asset Management Inc. now owns 1,280,194 shares of the financial services provider’s stock worth $256,320,000 after acquiring an additional 925,939 shares during the period. Barclays PLC lifted its holdings in shares of CME Group by 90.0% during the 2nd quarter. Barclays PLC now owns 1,218,481 shares of the financial services provider’s stock worth $225,771,000 after acquiring an additional 577,293 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in CME Group by 992.8% in the first quarter. 1832 Asset Management L.P. now owns 623,999 shares of the financial services provider’s stock valued at $119,508,000 after buying an additional 566,899 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CME. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $229.00 price target on shares of CME Group in a research report on Wednesday. The Goldman Sachs Group cut CME Group from a “neutral” rating to a “sell” rating and set a $195.00 price target on the stock. in a research note on Wednesday, January 3rd. Rosenblatt Securities reiterated a “sell” rating and set a $180.00 price target on shares of CME Group in a report on Thursday, January 4th. Barclays boosted their target price on CME Group from $222.00 to $225.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Finally, Argus upped their price target on CME Group from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $218.36.

Get Our Latest Stock Report on CME

CME Group Stock Down 1.2 %

Shares of NASDAQ:CME traded down $2.53 during trading on Wednesday, hitting $212.27. 984,221 shares of the company were exchanged, compared to its average volume of 1,766,286. The stock has a market cap of $76.42 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 3.35 and a beta of 0.49. CME Group Inc. has a fifty-two week low of $175.73 and a fifty-two week high of $223.80. The firm has a fifty day moving average price of $213.06 and a two-hundred day moving average price of $211.09. 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 (NASDAQ:CMEGet Free Report) last issued its earnings results on Wednesday, February 14th. The financial services provider reported $2.37 EPS for the quarter, topping the consensus estimate of $2.27 by $0.10. CME Group had a return on equity of 12.32% and a net margin of 57.83%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company posted $1.92 EPS. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. As a group, research analysts anticipate that CME Group Inc. will post 9.61 earnings per share for the current fiscal year.

CME Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a $1.15 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from CME Group’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 2.17%. CME Group’s payout ratio is 51.86%.

CME Group Company Profile

(Free Report)

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.

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

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