1,323 Shares in CME Group Inc. (NASDAQ:CME) Bought by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust purchased a new position in shares of CME Group Inc. (NASDAQ:CME) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,323 shares of the financial services provider’s stock, valued at approximately $307,000.

Several other institutional investors have also bought and sold shares of CME. Truvestments Capital LLC bought a new stake in CME Group during the third quarter worth $26,000. SJS Investment Consulting Inc. grew its holdings 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 in the last quarter. Dunhill Financial LLC grew its holdings in CME Group by 188.4% during the third quarter. Dunhill Financial LLC now owns 124 shares of the financial services provider’s stock worth $27,000 after buying an additional 81 shares in the last quarter. Financial Life Planners bought a new stake in CME Group during the fourth quarter worth $32,000. Finally, Fortitude Family Office LLC grew its holdings in CME Group by 120.3% during the fourth quarter. Fortitude Family Office LLC now owns 152 shares of the financial services provider’s stock worth $35,000 after buying an additional 83 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

Insider Buying and Selling

In related news, insider Julie Winkler sold 11,592 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $249.17, for a total transaction of $2,888,378.64. Following the sale, the insider now owns 21,885 shares of the company’s stock, valued at approximately $5,453,085.45. This represents a 34.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CME has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on CME Group from $209.00 to $212.00 and gave the company an “underweight” rating in a research note on Thursday, February 13th. Royal Bank of Canada upped their price objective on CME Group from $235.00 to $269.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Citigroup downgraded CME Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $255.00 to $250.00 in a research note on Monday, January 6th. Finally, Barclays upped their price objective on CME Group from $257.00 to $263.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $234.13.

CME Group Stock Up 1.0 %

CME stock opened at $247.86 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $89.32 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 5.54 and a beta of 0.57. CME Group Inc. has a fifty-two week low of $190.70 and a fifty-two week high of $253.53. The stock has a fifty day moving average of $236.29 and a 200-day moving average of $226.68.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.06. CME Group had a return on equity of 13.39% and a net margin of 57.34%. As a group, equities research analysts predict that CME Group Inc. will post 10.18 earnings per share for the current year.

CME Group announced that its board has authorized a stock repurchase plan on Thursday, December 5th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

CME Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 7th will be issued a dividend of $1.25 per share. This is a boost from CME Group’s previous quarterly dividend of $1.15. The ex-dividend date is Friday, March 7th. This represents a $5.00 dividend on an annualized basis and a yield of 2.02%. CME Group’s dividend payout ratio is 48.37%.

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.