3,370 CME Group Inc. $CME Shares Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators lifted its holdings in shares of CME Group Inc. (NASDAQ:CME) by 6.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 54,328 shares of the financial services provider’s stock after acquiring an additional 3,370 shares during the quarter. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in CME Group were worth $14,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CME. Bridgewater Advisors Inc. purchased a new stake in shares of CME Group during the 2nd quarter valued at about $612,000. Focus Financial Network Inc. bought a new stake in shares of CME Group in the third quarter worth approximately $1,513,000. The Manufacturers Life Insurance Company purchased a new position in shares of CME Group during the second quarter valued at approximately $53,671,000. Haverford Trust Co purchased a new position in shares of CME Group during the second quarter valued at approximately $13,818,000. Finally, Bowie Capital Management LLC purchased a new position in shares of CME Group during the second quarter valued at approximately $22,991,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on CME shares. Wells Fargo & Company upped their price objective on CME Group from $315.00 to $333.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Wall Street Zen upgraded CME Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. JPMorgan Chase & Co. raised shares of CME Group from an “underweight” rating to an “overweight” rating and set a $367.00 price target for the company in a research report on Thursday, October 22nd. Morgan Stanley increased their price objective on shares of CME Group from $337.00 to $359.00 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $330.00 price objective (up from $295.00) on shares of CME Group in a research note on Thursday, October 22nd. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $314.44.

CME Group Stock Down 0.1%

NASDAQ CME opened at $315.50 on Friday. The stock’s 50-day moving average price is $285.29 and its 200-day moving average price is $281.38. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. 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 $112.93 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 3.85 and a beta of 0.15.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.03. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.71 billion. CME Group had a return on equity of 16.23% and a net margin of 63.33%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.68 EPS. On average, equities research analysts predict that CME Group Inc. will post 12.35 earnings per share for the current year.

CME Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Friday, December 11th will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, December 11th. This represents a $5.20 dividend on an annualized basis and a yield of 1.6%. CME Group’s dividend payout ratio (DPR) is presently 42.66%.

Insider Activity at CME Group

In other CME Group news, Director Daniel Kaye sold 532 shares of CME Group stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $304.17, for a total transaction of $161,818.44. Following the transaction, the director owned 4,313 shares of the company’s stock, valued at $1,311,885.21. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sunil Cutinho sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $298.70, for a total transaction of $1,493,500.00. Following the completion of the transaction, the insider owned 20,037 shares of the company’s stock, valued at approximately $5,985,051.90. The trade was a 19.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,511 shares of company stock worth $9,714,580 in the last 90 days. Insiders own 0.30% of the company’s stock.

CME Group Company Profile

CME Group operates a global marketplace for derivatives and other financial products. Through its exchanges—CME, CBOT, NYMEX and COMEX—it offers futures and options contracts tied to interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company also provides clearing and settlement services, market data and related products. Its electronic trading platform, CME Globex, supports access to its markets by participants around the world, alongside its open-outcry and privately negotiated trading services.