Tectonic Advisors LLC Makes New $322,000 Investment in CME Group Inc. (NASDAQ:CME)

Tectonic Advisors LLC bought a new position in shares of CME Group Inc. (NASDAQ:CME) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,387 shares of the financial services provider’s stock, valued at approximately $322,000.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new position in CME Group in the third quarter valued at $26,000. SJS Investment Consulting Inc. increased its position in CME Group by 570.6% during the fourth quarter. SJS Investment Consulting Inc. now owns 114 shares of the financial services provider’s stock worth $26,000 after buying an additional 97 shares during the period. Dunhill Financial LLC raised its position in CME Group by 188.4% in the 3rd quarter. Dunhill Financial LLC now owns 124 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 81 shares during the last quarter. Financial Life Planners purchased a new stake in shares of CME Group in the fourth quarter valued at about $32,000. Finally, Fortitude Family Office LLC lifted its position in CME Group by 120.3% during the 4th quarter. Fortitude Family Office LLC now owns 152 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 83 shares during the period. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

CME Group Trading Up 1.1 %

CME opened at $244.41 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $88.08 billion, a PE ratio of 25.70, a PEG ratio of 5.37 and a beta of 0.57. The firm has a 50-day moving average price of $235.20 and a two-hundred day moving average price of $223.49. CME Group Inc. has a 1-year low of $190.70 and a 1-year high of $249.02.

CME Group announced that its board has approved a share buyback program on Thursday, December 5th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

CME Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 7th will be given a dividend of $1.25 per share. This is a boost from CME Group’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of 2.05%. CME Group’s payout ratio is presently 48.37%.

Analyst Ratings Changes

CME has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on CME Group from $227.00 to $226.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Barclays increased their price target on shares of CME Group from $231.00 to $257.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. Piper Sandler upped their target price on CME Group from $250.00 to $258.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Morgan Stanley lifted their target price on CME Group from $210.00 to $233.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Oppenheimer increased their price objective on shares of CME Group from $245.00 to $258.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $229.27.

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.