MainStreet Investment Advisors LLC Acquires 2,216 Shares of CME Group Inc (NASDAQ:CME)

MainStreet Investment Advisors LLC boosted its holdings in CME Group Inc (NASDAQ:CME) by 55.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,194 shares of the financial services provider’s stock after buying an additional 2,216 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in CME Group were worth $1,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital World Investors raised its holdings in CME Group by 0.6% in the 4th quarter. Capital World Investors now owns 35,795,428 shares of the financial services provider’s stock valued at $7,184,855,000 after buying an additional 212,763 shares during the last quarter. BlackRock Inc. raised its holdings in CME Group by 4.6% in the 1st quarter. BlackRock Inc. now owns 26,645,530 shares of the financial services provider’s stock valued at $4,607,281,000 after buying an additional 1,179,970 shares during the last quarter. State Street Corp raised its holdings in CME Group by 0.6% in the 4th quarter. State Street Corp now owns 16,449,910 shares of the financial services provider’s stock valued at $3,342,845,000 after buying an additional 90,579 shares during the last quarter. Capital Research Global Investors raised its holdings in CME Group by 1.9% during the 4th quarter. Capital Research Global Investors now owns 13,595,685 shares of the financial services provider’s stock worth $2,728,926,000 after purchasing an additional 250,389 shares during the last quarter. Finally, FMR LLC raised its holdings in CME Group by 14.7% during the 4th quarter. FMR LLC now owns 7,774,032 shares of the financial services provider’s stock worth $1,560,404,000 after purchasing an additional 996,023 shares during the last quarter. Institutional investors and hedge funds own 85.08% of the company’s stock.

In related news, COO Julie Holzrichter sold 3,061 shares of CME Group stock in a transaction on Friday, February 28th. The shares were sold at an average price of $203.37, for a total value of $622,515.57. Following the completion of the sale, the chief operating officer now owns 37,284 shares of the company’s stock, valued at approximately $7,582,447.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Julie Winkler sold 5,620 shares of CME Group stock in a transaction on Monday, February 24th. The shares were sold at an average price of $210.97, for a total transaction of $1,185,651.40. Following the completion of the sale, the insider now directly owns 25,114 shares of the company’s stock, valued at approximately $5,298,300.58. The disclosure for this sale can be found here. In the last three months, insiders sold 11,692 shares of company stock valued at $2,350,147. 1.20% of the stock is currently owned by insiders.

Shares of CME stock traded up $0.62 during trading hours on Friday, hitting $178.80. 993,082 shares of the company were exchanged, compared to its average volume of 1,745,097. The firm has a market cap of $63.89 billion, a P/E ratio of 26.85, a P/E/G ratio of 4.28 and a beta of 0.32. CME Group Inc has a fifty-two week low of $131.80 and a fifty-two week high of $225.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day simple moving average of $181.12 and a two-hundred day simple moving average of $196.24.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $2.33 EPS for the quarter, topping the consensus estimate of $2.23 by $0.10. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.48 billion. CME Group had a net margin of 45.79% and a return on equity of 10.15%. The company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. As a group, sell-side analysts expect that CME Group Inc will post 7.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, June 9th. CME Group’s payout ratio is currently 50.00%.

CME has been the subject of several analyst reports. Citigroup raised their price target on shares of CME Group from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Oppenheimer restated a “buy” rating and set a $216.00 price target on shares of CME Group in a report on Tuesday, April 21st. Raymond James upgraded shares of CME Group from a “market perform” rating to an “outperform” rating and set a $194.00 price target for the company in a report on Monday, March 30th. Wells Fargo & Co raised their price target on shares of CME Group from $180.00 to $186.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, UBS Group raised their price target on shares of CME Group from $222.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $193.67.

CME Group Profile

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.

Read More: Futures Contract

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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