Ilmarinen Mutual Pension Insurance Co Has $19.83 Million Stake in CME Group Inc. $CME

Ilmarinen Mutual Pension Insurance Co trimmed its position in CME Group Inc. (NASDAQ:CME) by 20.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,611 shares of the financial services provider’s stock after selling 18,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in CME Group were worth $19,829,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CME. West Family Investments Inc. raised its stake in CME Group by 1.2% during the third quarter. West Family Investments Inc. now owns 3,062 shares of the financial services provider’s stock worth $827,000 after acquiring an additional 37 shares in the last quarter. Asset Dedication LLC raised its stake in CME Group by 64.9% during the fourth quarter. Asset Dedication LLC now owns 94 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 37 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in CME Group by 0.3% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,523 shares of the financial services provider’s stock worth $3,147,000 after acquiring an additional 37 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in CME Group by 4.3% during the third quarter. Rehmann Capital Advisory Group now owns 898 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 37 shares in the last quarter. Finally, Atlatl Advisers LLC raised its stake in CME Group by 1.8% during the third quarter. Atlatl Advisers LLC now owns 2,126 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 38 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

CME Group Price Performance

Shares of CME stock opened at $277.42 on Friday. The stock has a 50-day moving average price of $293.99 and a 200 day moving average price of $289.62. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The firm has a market cap of $100.53 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 3.12 and a beta of 0.23. CME Group Inc. has a 12 month low of $257.17 and a 12 month high of $329.16.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.25. CME Group had a return on equity of 15.42% and a net margin of 63.19%.The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm earned $2.80 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. Research analysts expect that CME Group Inc. will post 12.28 EPS for the current year.

CME Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, June 9th. This represents a $5.20 dividend on an annualized basis and a yield of 1.9%. CME Group’s dividend payout ratio (DPR) is 44.37%.

Insiders Place Their Bets

In other CME Group news, insider Hilda Harris Piell sold 5,753 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $304.63, for a total transaction of $1,752,536.39. Following the transaction, the insider owned 27,702 shares in the company, valued at approximately $8,438,860.26. This trade represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Terrence A. Duffy sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $298.51, for a total value of $10,447,850.00. Following the transaction, the chief executive officer owned 55,630 shares in the company, valued at approximately $16,606,111.30. This trade represents a 38.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 44,044 shares of company stock worth $13,297,507. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

CME has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on CME Group from $342.00 to $322.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Jefferies Financial Group dropped their price objective on CME Group from $356.00 to $349.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. increased their price objective on CME Group from $266.00 to $271.00 and gave the stock an “underweight” rating in a research note on Thursday, April 16th. Erste Group Bank upgraded CME Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Finally, TD Cowen lowered their target price on CME Group from $340.00 to $323.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $305.29.

About CME Group

CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.