Capital Financial Planning LLC Takes $40,000 Position in CME Group Inc (NASDAQ:CME)

Capital Financial Planning LLC purchased a new stake in CME Group Inc (NASDAQ:CME) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 210 shares of the financial services provider’s stock, valued at approximately $40,000.

Several other large investors have also recently added to or reduced their stakes in CME. Covington Capital Management bought a new stake in CME Group during the 4th quarter worth approximately $49,000. AE Wealth Management LLC bought a new stake in CME Group during the 4th quarter worth approximately $291,000. British Airways Pensions Investment Management Ltd increased its stake in CME Group by 0.9% during the 4th quarter. British Airways Pensions Investment Management Ltd now owns 110,899 shares of the financial services provider’s stock worth $20,879,000 after purchasing an additional 1,017 shares in the last quarter. Legal & General Group Plc increased its stake in CME Group by 12.6% during the 4th quarter. Legal & General Group Plc now owns 1,816,140 shares of the financial services provider’s stock worth $341,605,000 after purchasing an additional 203,486 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in CME Group by 8.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 15,815 shares of the financial services provider’s stock worth $2,975,000 after purchasing an additional 1,194 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors.

Shares of NASDAQ CME traded up $0.48 during trading hours on Monday, hitting $173.40. The company had a trading volume of 1,093,704 shares, compared to its average volume of 1,813,328. The company has a market cap of $61.87 billion, a PE ratio of 25.43, a PEG ratio of 3.48 and a beta of 0.29. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. CME Group Inc has a 1-year low of $153.90 and a 1-year high of $197.08.

CME Group (NASDAQ:CME) last announced its quarterly earnings results on Thursday, February 14th. The financial services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.02. CME Group had a return on equity of 9.85% and a net margin of 45.53%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $1.12 EPS. The company’s quarterly revenue was up 37.4% on a year-over-year basis. As a group, sell-side analysts predict that CME Group Inc will post 6.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a dividend of $0.75 per share. This is an increase from CME Group’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 7th. This represents a $3.00 annualized dividend and a yield of 1.73%. CME Group’s dividend payout ratio (DPR) is currently 43.99%.

A number of research firms recently issued reports on CME. Citigroup set a $205.00 target price on CME Group and gave the stock a “buy” rating in a research note on Friday, February 15th. BidaskClub downgraded CME Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 31st. JPMorgan Chase & Co. began coverage on CME Group in a research report on Friday, February 15th. They set an “underweight” rating and a $164.00 price target for the company. ValuEngine downgraded CME Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, Deutsche Bank reduced their price target on CME Group from $220.00 to $214.00 and set a “buy” rating for the company in a research report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. CME Group has an average rating of “Hold” and an average price target of $192.00.

In other CME Group news, Director Jeffrey M. Bernacchi sold 10,087 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $177.94, for a total transaction of $1,794,880.78. Following the transaction, the director now owns 42,004 shares in the company, valued at approximately $7,474,191.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Julie Holzrichter sold 4,362 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $182.45, for a total value of $795,846.90. Following the transaction, the chief operating officer now owns 41,265 shares in the company, valued at approximately $7,528,799.25. The disclosure for this sale can be found here. Insiders have sold a total of 28,489 shares of company stock valued at $4,948,996 in the last ninety days. Insiders own 1.20% of the company’s stock.

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CME Group Company 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.

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