2,421 Shares of CME Group Inc. $CME Acquired by Accel Wealth Management

Accel Wealth Management purchased a new position in CME Group Inc. (NASDAQ:CME) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,421 shares of the financial services provider’s stock, valued at approximately $634,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in CME Group in the 2nd quarter valued at about $6,749,965,000. Bank of New York Mellon Corp purchased a new position in shares of CME Group during the second quarter worth approximately $867,313,000. Alphabet Inc. purchased a new position in shares of CME Group during the second quarter worth approximately $769,376,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CME Group during the second quarter worth approximately $629,771,000. Finally, Bank of America Corp DE purchased a new position in shares of CME Group during the second quarter worth approximately $622,679,000. Institutional investors own 87.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CME. The Goldman Sachs Group lowered their price target on CME Group from $267.00 to $245.00 and set a “sell” rating for the company in a report on Tuesday, June 30th. Barclays increased their price objective on CME Group from $270.00 to $281.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 7th. Wall Street Zen upgraded CME Group from a “strong sell” rating to a “sell” rating in a report on Saturday, October 3rd. Weiss Ratings raised CME Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods raised CME Group from a “market perform” rating to an “outperform” rating and set a $305.00 target price for the company in a research report on Thursday, June 18th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, CME Group has an average rating of “Hold” and a consensus target price of $292.06.

Insider Activity

In related news, Director William R. Shepard purchased 293 shares of CME Group stock in a transaction dated Friday, September 25th. The stock was purchased at an average cost of $268.76 per share, with a total value of $78,746.68. Following the transaction, the director owned 263,289 shares in the company, valued at approximately $70,761,551.64. The trade was a 0.11% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Terrence A. Duffy sold 15,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $274.44, for a total value of $4,116,600.00. Following the sale, the chief executive officer owned 40,630 shares of the company’s stock, valued at $11,150,497.20. This trade represents a 26.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

CME Group Stock Up 0.3%

Shares of NASDAQ:CME traded up $0.79 during trading hours on Tuesday, hitting $278.03. The company’s stock had a trading volume of 1,418,779 shares, compared to its average volume of 2,522,823. The firm’s fifty day moving average price is $272.29 and its 200 day moving average price is $270.83. CME Group Inc. has a 52 week low of $218.31 and a 52 week high of $329.16. The company has a market capitalization of $99.97 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 3.67 and a beta of 0.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.68 billion. CME Group had a net margin of 63.30% and a return on equity of 15.60%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $2.96 earnings per share. As a group, research analysts expect that CME Group Inc. will post 12.29 EPS for the current year.

CME Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, September 9th. CME Group’s dividend payout ratio (DPR) is 44.11%.

About CME Group

CME Group Inc operates global derivatives marketplaces that enable customers to manage risk and trade futures and options contracts. Its exchanges offer products linked to interest rates, equity indexes, foreign currencies, agricultural commodities, energy, metals and other asset classes.

The company also provides central counterparty clearing, settlement and related risk-management services for transactions conducted on its markets. In addition, CME Group offers market data, benchmark products and technology services that support trading, analysis and connectivity for financial institutions, businesses, professional traders and other market participants.

CME Group’s history includes the Chicago Board of Trade, founded in 1848, and the Chicago Mercantile Exchange, established in 1898.