7,570 Shares in CME Group Inc. $CME Acquired by Compass Wealth Management LLC

Compass Wealth Management LLC acquired a new stake in shares of CME Group Inc. (NASDAQ:CME) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,570 shares of the financial services provider’s stock, valued at approximately $1,672,000.

A number of other large investors also recently added to or reduced their stakes in CME. Danica Pension Livsforsikringsaktieselskab bought a new position in CME Group in the second quarter worth approximately $11,556,000. Danske Bank A S bought a new position in shares of CME Group in the 2nd quarter worth $50,384,000. Diversify Advisory Services LLC bought a new position in shares of CME Group in the 2nd quarter worth $10,400,000. Gables Capital Management Inc. purchased a new stake in shares of CME Group during the 2nd quarter worth $44,000. Finally, Wealthfront Advisers LLC purchased a new position in CME Group in the second quarter valued at about $12,429,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CME Group news, Director William R. Shepard purchased 325 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were bought at an average cost of $230.57 per share, for a total transaction of $74,935.25. Following the completion of the purchase, the director directly owned 260,442 shares of the company’s stock, valued at approximately $60,050,111.94. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CME. Keefe, Bruyette & Woods raised CME Group from a “market perform” rating to an “outperform” rating and set a $305.00 price objective for the company in a research report on Thursday, June 18th. Raymond James Financial reaffirmed an “outperform” rating and issued a $320.00 price target on shares of CME Group in a report on Thursday, July 2nd. Barclays lowered their price objective on CME Group from $316.00 to $270.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 9th. Rothschild & Co Redburn raised shares of CME Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $316.00 to $323.00 in a report on Thursday, June 11th. Finally, The Goldman Sachs Group dropped their price target on shares of CME Group from $267.00 to $245.00 and set a “sell” rating on the stock in a research report on Tuesday, June 30th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, CME Group has an average rating of “Hold” and a consensus price target of $291.81.

CME Group Stock Up 1.4%

CME stock opened at $271.54 on Wednesday. CME Group Inc. has a one year low of $218.31 and a one year high of $329.16. The firm has a market cap of $97.64 billion, a PE ratio of 23.03, a PEG ratio of 3.14 and a beta of 0.23. The firm’s 50 day moving average price is $250.82 and its 200-day moving average price is $279.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02.

CME Group (NASDAQ:CME) last released its quarterly earnings results 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. CME Group had a net margin of 63.30% and a return on equity of 15.60%. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm earned $2.96 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, equities research analysts anticipate that CME Group Inc. will post 12.27 EPS for the current year.

CME Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 9th. CME Group’s payout ratio is currently 44.11%.

CME Group Profile

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.