Cibc World Market Inc. Makes New $4.49 Million Investment in CME Group Inc. $CME

Cibc World Market Inc. purchased a new position in shares of CME Group Inc. (NASDAQ:CME) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,342 shares of the financial services provider’s stock, valued at approximately $4,492,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CME. BlackRock Inc. purchased a new position in CME Group in the 2nd quarter valued at about $6,749,965,000. Norges Bank purchased a new stake in shares of CME Group during the fourth quarter worth about $1,523,241,000. Bank of New York Mellon Corp acquired a new position in shares of CME Group in the second quarter valued at approximately $867,313,000. Alphabet Inc. acquired a new position in shares of CME Group in the second quarter valued at approximately $769,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CME Group during the second quarter valued at approximately $629,771,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Insider Transactions at CME Group

In related news, Director William R. Shepard acquired 325 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of $230.57 per share, with a total value of $74,935.25. Following the acquisition, the director directly owned 260,442 shares in the company, valued at approximately $60,050,111.94. The trade was a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CME shares. Morgan Stanley increased their price target on CME Group from $324.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Bank of America raised their price target on CME Group from $226.00 to $230.00 and gave the stock an “underperform” rating in a research note on Thursday, July 23rd. Barclays dropped their price objective on shares of CME Group from $316.00 to $270.00 and set an “equal weight” rating for the company in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lowered shares of CME Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $286.00 to $270.00 in a report on Wednesday, August 19th. Finally, Weiss Ratings cut shares of CME Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, CME Group has an average rating of “Hold” and a consensus target price of $288.56.

CME Group Trading Down 0.7%

Shares of CME opened at $277.32 on Wednesday. CME Group Inc. has a 12 month low of $218.31 and a 12 month high of $329.16. The stock’s 50-day moving average is $251.75 and its two-hundred day moving average is $279.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $99.72 billion, a PE ratio of 23.52, a P/E/G ratio of 3.32 and a beta of 0.23.

CME Group (NASDAQ:CME) last posted 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. CME Group had a net margin of 63.30% and a return on equity of 15.60%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm posted $2.96 earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. Equities analysts forecast that CME Group Inc. will post 12.27 earnings per share for the current fiscal year.

CME Group Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 9th. CME Group’s dividend payout ratio is presently 44.11%.

CME Group Company 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.