CME Group Inc (NASDAQ:CME) Position Lowered by Chesapeake Wealth Management

Chesapeake Wealth Management reduced its holdings in CME Group Inc (NASDAQ:CME) by 34.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,361 shares of the financial services provider’s stock after selling 1,761 shares during the quarter. Chesapeake Wealth Management’s holdings in CME Group were worth $553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in CME Group by 591.0% during the fourth quarter. Acadian Asset Management LLC now owns 3,676 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 3,144 shares during the last quarter. Norges Bank acquired a new position in CME Group during the fourth quarter worth $597,417,000. Thrivent Financial for Lutherans raised its holdings in CME Group by 8.2% during the fourth 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 during the last quarter. First United Bank Trust raised its holdings in CME Group by 2.5% during the first quarter. First United Bank Trust now owns 7,725 shares of the financial services provider’s stock worth $1,271,000 after purchasing an additional 185 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in CME Group by 49.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 335,039 shares of the financial services provider’s stock worth $63,028,000 after purchasing an additional 111,297 shares during the last quarter. 84.98% of the stock is owned by institutional investors and hedge funds.

In other news, Director Ronald A. Pankau sold 200 shares of CME Group stock in a transaction on Friday, March 1st. The stock was sold at an average price of $182.90, for a total value of $36,580.00. Following the completion of the sale, the director now owns 3,600 shares of the company’s stock, valued at $658,440. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles P. Carey sold 10,000 shares of CME Group stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $179.02, for a total value of $1,790,200.00. Following the completion of the sale, the director now directly owns 37,799 shares of the company’s stock, valued at approximately $6,766,776.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,489 shares of company stock valued at $6,739,196. Company insiders own 1.20% of the company’s stock.

NASDAQ CME opened at $180.01 on Friday. The firm has a market capitalization of $64.41 billion, a PE ratio of 26.39, a P/E/G ratio of 3.98 and a beta of 0.32. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.16. CME Group Inc has a fifty-two week low of $157.21 and a fifty-two week high of $197.08.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. CME Group had a return on equity of 9.29% and a net margin of 42.47%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. As a group, research analysts predict that CME Group Inc will post 6.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, June 7th. CME Group’s dividend payout ratio is currently 43.99%.

CME has been the subject of several research reports. Citigroup set a $205.00 price objective on CME Group and gave the stock a “buy” rating in a report on Friday, February 15th. Deutsche Bank cut their price target on CME Group from $220.00 to $214.00 and set a “buy” rating for the company in a report on Friday, March 15th. ValuEngine raised CME Group from a “hold” rating to a “buy” rating in a report on Wednesday. BidaskClub raised CME Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, Bank of America set a $180.00 price target on CME Group and gave the stock a “hold” rating in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $189.71.

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

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