CME Group Inc. (NASDAQ:CME) Shares Acquired by Peterson Wealth Services

Peterson Wealth Services grew its position in CME Group Inc. (NASDAQ:CME) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,687 shares of the financial services provider’s stock after buying an additional 540 shares during the quarter. Peterson Wealth Services’ holdings in CME Group were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CME. Livforsakringsbolaget Skandia Omsesidigt grew its stake in CME Group by 267.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,816 shares of the financial services provider’s stock worth $621,000 after purchasing an additional 2,049 shares in the last quarter. Carnegie Investment Counsel grew its stake in CME Group by 10.0% during the 3rd quarter. Carnegie Investment Counsel now owns 10,514 shares of the financial services provider’s stock worth $2,320,000 after purchasing an additional 957 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in CME Group by 13.4% during the 3rd quarter. CHICAGO TRUST Co NA now owns 2,602 shares of the financial services provider’s stock worth $574,000 after purchasing an additional 308 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in CME Group by 51.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 3,359 shares of the financial services provider’s stock worth $741,000 after purchasing an additional 1,139 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in CME Group by 11.8% during the 3rd quarter. CVA Family Office LLC now owns 436 shares of the financial services provider’s stock worth $96,000 after buying an additional 46 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on CME. Piper Sandler lifted their price target on CME Group from $250.00 to $258.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods decreased their price target on CME Group from $260.00 to $256.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Oppenheimer lifted their price target on CME Group from $245.00 to $258.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley lifted their price target on CME Group from $210.00 to $233.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Barclays lifted their price target on CME Group from $231.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday, December 9th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $229.27.

CME Group Price Performance

Shares of NASDAQ:CME opened at $241.81 on Tuesday. The business’s fifty day moving average price is $235.48 and its two-hundred day moving average price is $224.32. The stock has a market cap of $87.14 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 5.54 and a beta of 0.57. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. CME Group Inc. has a one year low of $190.70 and a one year high of $249.02.

CME Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 7th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from CME Group’s previous quarterly dividend of $1.15. CME Group’s dividend payout ratio is 52.58%.

CME Group announced that its Board of Directors has approved a share repurchase plan on Thursday, December 5th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 3.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

CME Group Company 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.