Doliver Advisors LP Increases Stock Holdings in CME Group Inc (NASDAQ:CME)

Doliver Advisors LP lifted its stake in CME Group Inc (NASDAQ:CME) by 18.9% in the second quarter, according to its most recent disclosure with the …

CME Group logoDoliver Advisors LP lifted its stake in CME Group Inc (NASDAQ:CME) by 18.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,400 shares of the financial services provider’s stock after purchasing an additional 698 shares during the quarter. Doliver Advisors LP’s holdings in CME Group were worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ballentine Partners LLC bought a new position in CME Group during the second quarter valued at approximately $313,000. Wetherby Asset Management Inc. raised its position in CME Group by 2.8% during the second quarter. Wetherby Asset Management Inc. now owns 5,287 shares of the financial services provider’s stock valued at $1,026,000 after acquiring an additional 145 shares in the last quarter. Appleton Partners Inc. MA raised its position in CME Group by 1.3% during the second quarter. Appleton Partners Inc. MA now owns 15,289 shares of the financial services provider’s stock valued at $2,968,000 after acquiring an additional 190 shares in the last quarter. Royal Bank of Scotland Group PLC raised its position in CME Group by 1.3% during the second quarter. Royal Bank of Scotland Group PLC now owns 75,702 shares of the financial services provider’s stock valued at $14,695,000 after acquiring an additional 960 shares in the last quarter. Finally, Arizona State Retirement System raised its position in CME Group by 1.1% during the second quarter. Arizona State Retirement System now owns 127,055 shares of the financial services provider’s stock valued at $24,663,000 after acquiring an additional 1,357 shares in the last quarter. 85.72% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on CME. Deutsche Bank raised their price objective on shares of CME Group from $224.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, August 9th. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research lowered shares of CME Group from a “hold” rating to a “sell” rating and set a $158.00 price objective on the stock. in a research report on Monday, May 27th. Wells Fargo & Co lifted their price target on shares of CME Group from $176.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, July 3rd. Finally, Barclays lifted their price target on shares of CME Group from $191.00 to $197.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $194.00.

In other CME Group news, Director Daniel R. Glickman sold 500 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $216.01, for a total transaction of $108,005.00. Following the completion of the sale, the director now directly owns 14,593 shares of the company’s stock, valued at approximately $3,152,233.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy S. Bitsberger sold 700 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $194.35, for a total value of $136,045.00. Following the sale, the director now directly owns 9,421 shares of the company’s stock, valued at $1,830,971.35. The disclosure for this sale can be found here. Insiders sold 76,771 shares of company stock valued at $15,398,375 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

CME Group stock opened at $215.76 on Thursday. The stock has a 50-day simple moving average of $207.88 and a 200 day simple moving average of $188.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.15. CME Group Inc has a 12-month low of $161.05 and a 12-month high of $217.65. The stock has a market capitalization of $75.64 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 4.70 and a beta of 0.23.

CME Group (NASDAQ:CME) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. CME Group had a return on equity of 9.14% and a net margin of 39.36%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted $1.74 earnings per share. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that CME Group Inc will post 6.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.39%. CME Group’s dividend payout ratio is 43.99%.

CME Group Company Profile

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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Doliver Advisors LP Boosts Stake in CME Group Inc (NASDAQ:CME)

Doliver Advisors LP boosted its holdings in shares of CME Group Inc (NASDAQ:CME) by 18.9% during the second quarter, according to its most …

CME Group logoDoliver Advisors LP boosted its holdings in shares of CME Group Inc (NASDAQ:CME) by 18.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,400 shares of the financial services provider’s stock after buying an additional 698 shares during the period. Doliver Advisors LP’s holdings in CME Group were worth $854,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of CME Group by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 906,174 shares of the financial services provider’s stock worth $170,463,000 after acquiring an additional 24,717 shares during the last quarter. Geode Capital Management LLC increased its holdings in CME Group by 12.9% in the fourth quarter. Geode Capital Management LLC now owns 4,715,269 shares of the financial services provider’s stock worth $885,776,000 after purchasing an additional 537,917 shares in the last quarter. Legacy Advisors LLC bought a new stake in CME Group in the first quarter worth approximately $92,000. Sageworth Trust Co increased its holdings in CME Group by 5,233.3% in the first quarter. Sageworth Trust Co now owns 480 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 471 shares in the last quarter. Finally, Forte Capital LLC ADV increased its holdings in CME Group by 0.6% in the first quarter. Forte Capital LLC ADV now owns 26,041 shares of the financial services provider’s stock worth $4,286,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 85.72% of the company’s stock.

Shares of CME Group stock opened at $215.76 on Thursday. The stock has a market capitalization of $75.64 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 4.70 and a beta of 0.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.05 and a current ratio of 1.05. CME Group Inc has a 52 week low of $161.05 and a 52 week high of $217.65. The stock has a 50 day moving average price of $207.88 and a two-hundred day moving average price of $188.20.

CME Group (NASDAQ:CME) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. CME Group had a return on equity of 9.14% and a net margin of 39.36%. CME Group’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 earnings per share. Research analysts forecast that CME Group Inc will post 6.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.00 annualized dividend and a dividend yield of 1.39%. CME Group’s payout ratio is 43.99%.

In other CME Group news, COO Julie Holzrichter sold 4,241 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $192.26, for a total value of $815,374.66. Following the transaction, the chief operating officer now owns 46,113 shares of the company’s stock, valued at $8,865,685.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel R. Glickman sold 500 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $216.01, for a total value of $108,005.00. Following the completion of the transaction, the director now directly owns 14,593 shares in the company, valued at approximately $3,152,233.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,771 shares of company stock worth $15,398,375. 1.20% of the stock is owned by insiders.

A number of equities research analysts have weighed in on the company. UBS Group lifted their target price on CME Group from $190.00 to $194.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. BidaskClub upgraded CME Group from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Wells Fargo & Co lifted their target price on CME Group from $176.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, July 3rd. ValuEngine raised CME Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Finally, Zacks Investment Research cut CME Group from a “hold” rating to a “sell” rating and set a $158.00 price objective for the company. in a research note on Monday, May 27th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $194.00.

CME Group Profile

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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