CME Group Inc. (NASDAQ:CME) Shares Purchased by Element Capital Management LLC

Element Capital Management LLC raised its stake in CME Group Inc. (NASDAQ:CME) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,790 shares of the financial services provider’s stock after acquiring an additional 790 shares during the quarter. CME Group makes up 0.5% of Element Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Element Capital Management LLC’s holdings in CME Group were worth $6,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in CME Group by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 33,451,194 shares of the financial services provider’s stock worth $7,044,821,000 after acquiring an additional 215,044 shares during the last quarter. Capital International Investors boosted its holdings in shares of CME Group by 24.1% during the first quarter. Capital International Investors now owns 15,809,175 shares of the financial services provider’s stock worth $3,403,557,000 after purchasing an additional 3,069,806 shares during the last quarter. Capital World Investors grew its position in shares of CME Group by 8.7% in the fourth quarter. Capital World Investors now owns 14,589,867 shares of the financial services provider’s stock valued at $3,072,654,000 after purchasing an additional 1,172,575 shares during the period. Bank of New York Mellon Corp increased its stake in CME Group by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 6,793,988 shares of the financial services provider’s stock valued at $1,462,678,000 after purchasing an additional 189,842 shares during the last quarter. Finally, Parnassus Investments LLC lifted its position in CME Group by 0.4% during the fourth quarter. Parnassus Investments LLC now owns 5,667,384 shares of the financial services provider’s stock worth $1,193,551,000 after buying an additional 23,583 shares during the period. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Bryan T. Durkin sold 7,593 shares of CME Group stock in a transaction on Friday, August 30th. The shares were sold at an average price of $214.59, for a total transaction of $1,629,381.87. Following the sale, the director now owns 55,607 shares of the company’s stock, valued at approximately $11,932,706.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company’s stock.

CME Group Stock Down 0.1 %

Shares of NASDAQ CME opened at $216.99 on Friday. The stock has a fifty day moving average price of $205.69 and a 200 day moving average price of $207.59. The company has a market cap of $78.13 billion, a P/E ratio of 24.69, a P/E/G ratio of 8.85 and a beta of 0.55. CME Group Inc. has a 12-month low of $190.70 and a 12-month high of $223.80. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.

CME Group (NASDAQ:CME) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. CME Group had a return on equity of 12.82% and a net margin of 56.98%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.30 earnings per share. Research analysts anticipate that CME Group Inc. will post 9.94 EPS for the current fiscal year.

CME Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Monday, September 9th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.12%. CME Group’s payout ratio is currently 52.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CME. Bank of America cut CME Group from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $212.00 to $177.00 in a report on Tuesday, September 3rd. Piper Sandler restated an “overweight” rating and issued a $225.00 target price on shares of CME Group in a report on Tuesday, August 20th. JPMorgan Chase & Co. increased their price target on shares of CME Group from $187.00 to $191.00 and gave the stock an “underweight” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price objective on shares of CME Group from $212.00 to $213.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on CME Group from $193.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $209.73.

CME Group Profile

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.