Farmers & Merchants Trust Co of Chambersburg PA Decreases Holdings in CME Group Inc (CME)

Farmers & Merchants Trust Co of Chambersburg PA reduced its holdings in shares of CME Group Inc (NASDAQ:CME) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,220 shares of the financial services provider’s stock after selling 200 shares during the quarter. CME Group accounts for 1.7% of Farmers & Merchants Trust Co of Chambersburg PA’s portfolio, making the stock its 15th largest position. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in CME Group were worth $1,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BP PLC grew its position in shares of CME Group by 2.2% during the third quarter. BP PLC now owns 102,200 shares of the financial services provider’s stock worth $17,396,000 after acquiring an additional 2,200 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in CME Group by 42.8% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 16,471 shares of the financial services provider’s stock valued at $2,804,000 after acquiring an additional 4,939 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in CME Group by 13.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 122,863 shares of the financial services provider’s stock valued at $20,912,000 after acquiring an additional 14,534 shares during the last quarter. Chartwell Investment Partners LLC lifted its holdings in CME Group by 60.3% in the 3rd quarter. Chartwell Investment Partners LLC now owns 39,284 shares of the financial services provider’s stock valued at $6,687,000 after acquiring an additional 14,770 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its holdings in CME Group by 2.5% in the 4th quarter. Peregrine Capital Management LLC now owns 92,984 shares of the financial services provider’s stock valued at $17,492,000 after acquiring an additional 2,267 shares during the last quarter. 90.59% of the stock is currently owned by institutional investors and hedge funds.

CME has been the subject of a number of analyst reports. Bank of America reaffirmed a “buy” rating and set a $200.00 price objective on shares of CME Group in a research note on Monday, November 5th. Berenberg Bank raised shares of CME Group from a “hold” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Tuesday, November 20th. Atlantic Securities assumed coverage on shares of CME Group in a research report on Wednesday, November 28th. They issued a “neutral” rating and a $200.00 price target for the company. Barclays assumed coverage on shares of CME Group in a research report on Tuesday, December 4th. They issued an “overweight” rating and a $210.00 price target for the company. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $204.00 price target on shares of CME Group in a research report on Wednesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $195.21.

In other news, Chairman Terrence A. Duffy sold 10,000 shares of the business’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $188.80, for a total transaction of $1,888,000.00. Following the completion of the transaction, the chairman now directly owns 95,652 shares in the company, valued at approximately $18,059,097.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John W. Pietrowicz sold 17,960 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $186.92, for a total value of $3,357,083.20. Following the transaction, the chief financial officer now owns 44,780 shares of the company’s stock, valued at $8,370,277.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,494 shares of company stock valued at $9,967,852. Company insiders own 0.43% of the company’s stock.

CME opened at $180.40 on Thursday. The company has a market capitalization of $60.81 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.18 and a beta of 0.30. CME Group Inc has a 1-year low of $153.90 and a 1-year high of $197.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.09 and a quick ratio of 1.09.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Friday, March 8th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, March 7th. This is a boost from CME Group’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.66%. CME Group’s dividend payout ratio (DPR) is presently 58.70%.

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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 products, and metals.

Further Reading: Call Option

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

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