CME Group Inc. $CME Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in CME Group Inc. (NASDAQ:CME) by 1.2% in the second quarter, Holdings Channel reports. The firm owned 49,562 shares of the financial services provider’s stock after selling 590 shares during the period. Yousif Capital Management LLC’s holdings in CME Group were worth $13,660,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Webster Bank N. A. boosted its position in shares of CME Group by 206.9% in the 2nd quarter. Webster Bank N. A. now owns 89 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 60 shares in the last quarter. Highline Wealth Partners LLC boosted its position in shares of CME Group by 84.3% in the 2nd quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 43 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of CME Group in the 1st quarter worth $25,000. Cornerstone Planning Group LLC boosted its position in shares of CME Group by 122.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 100 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Finally, Trifecta Capital Advisors LLC boosted its position in shares of CME Group by 59.2% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 113 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Insider Buying and Selling

In other CME Group news, insider Timothy Francis Mccourt sold 379 shares of CME Group stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total transaction of $98,475.57. Following the completion of the transaction, the insider owned 9,508 shares in the company, valued at approximately $2,470,463.64. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sunil Cutinho sold 11,896 shares of CME Group stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $271.47, for a total value of $3,229,407.12. Following the transaction, the insider owned 17,440 shares of the company’s stock, valued at $4,734,436.80. The trade was a 40.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,043 shares of company stock worth $3,527,956. Corporate insiders own 0.30% of the company’s stock.

CME Group Stock Performance

NASDAQ CME opened at $271.28 on Tuesday. The stock has a 50-day simple moving average of $268.57 and a two-hundred day simple moving average of $271.35. The firm has a market capitalization of $97.76 billion, a P/E ratio of 26.26, a PEG ratio of 5.72 and a beta of 0.41. CME Group Inc. has a fifty-two week low of $213.94 and a fifty-two week high of $290.79. 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 (NASDAQ:CME) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.05. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. CME Group had a return on equity of 14.60% and a net margin of 58.48%.The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $2.56 EPS. On average, equities analysts forecast that CME Group Inc. will post 10.49 earnings per share for the current year.

CME Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Tuesday, September 9th were paid a dividend of $1.25 per share. The ex-dividend date was Tuesday, September 9th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.8%. CME Group’s dividend payout ratio (DPR) is presently 48.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CME shares. Jefferies Financial Group lowered their price objective on CME Group from $313.00 to $304.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. raised their target price on CME Group from $246.00 to $252.00 and gave the stock an “underweight” rating in a research note on Thursday, September 25th. Weiss Ratings restated a “buy (b)” rating on shares of CME Group in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their target price on CME Group from $276.00 to $266.00 and set a “hold” rating for the company in a research note on Thursday, October 9th. Finally, Wall Street Zen lowered CME Group from a “hold” rating to a “sell” rating in a research note on Sunday, July 13th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $283.43.

About CME Group

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.