CME Group Inc. $CME Shares Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lifted its stake in shares of CME Group Inc. (NASDAQ:CME) by 46.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,166 shares of the financial services provider’s stock after buying an additional 371 shares during the quarter. Resonant Capital Advisors LLC’s holdings in CME Group were worth $321,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wayfinding Financial LLC acquired a new stake in CME Group in the first quarter valued at approximately $25,000. Webster Bank N. A. grew its holdings in CME Group by 206.9% during the 2nd quarter. Webster Bank N. A. now owns 89 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 60 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in CME Group by 122.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 100 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Highline Wealth Partners LLC increased its stake in CME Group by 84.3% during the 2nd quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider’s stock worth $26,000 after buying an additional 43 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in CME Group by 612.5% in the 1st quarter. Golden State Wealth Management LLC now owns 114 shares of the financial services provider’s stock worth $30,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

CME has been the topic of a number of analyst reports. TD Cowen lifted their target price on CME Group from $288.00 to $290.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Jefferies Financial Group dropped their price objective on CME Group from $313.00 to $304.00 and set a “buy” rating on the stock in a report on Friday, October 10th. JPMorgan Chase & Co. increased their target price on CME Group from $252.00 to $256.00 and gave the company an “underweight” rating in a research note on Tuesday, October 14th. Raymond James Financial decreased their price target on shares of CME Group from $309.00 to $307.00 and set an “outperform” rating for the company in a research report on Monday, October 13th. Finally, The Goldman Sachs Group lifted their price target on shares of CME Group from $262.00 to $263.00 and gave the stock a “sell” rating in a research note on Thursday, October 23rd. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $284.53.

CME Group Stock Performance

CME Group stock opened at $271.09 on Tuesday. The company has a fifty day moving average price of $266.48 and a two-hundred day moving average price of $272.02. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. CME Group Inc. has a 12 month low of $213.94 and a 12 month high of $290.79. The company has a market cap of $97.70 billion, a PE ratio of 26.27, a P/E/G ratio of 6.65 and a beta of 0.41.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.05. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.56 billion. CME Group had a net margin of 58.84% and a return on equity of 14.61%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.68 EPS. Research analysts expect that CME Group Inc. will post 10.49 earnings per share for the current year.

CME Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, September 9th were issued a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $5.00 annualized dividend and a dividend yield of 1.8%. CME Group’s dividend payout ratio (DPR) is 48.45%.

Insider Buying and Selling

In related news, insider Sunil Cutinho sold 11,896 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $271.47, for a total transaction of $3,229,407.12. Following the completion of the transaction, the insider directly owned 17,440 shares in the company, valued at $4,734,436.80. This represents a 40.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William R. Shepard bought 262 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was bought at an average price of $265.19 per share, for a total transaction of $69,479.78. Following the completion of the purchase, the director directly owned 258,459 shares of the company’s stock, valued at $68,540,742.21. The trade was a 0.10% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 13,043 shares of company stock worth $3,527,956. 0.30% of the stock is owned by company insiders.

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.