CME Group Inc. (NASDAQ:CME) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC cut its position in shares of CME Group Inc. (NASDAQ:CME) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,457 shares of the financial services provider’s stock after selling 196 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in CME Group were worth $571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of CME Group during the 3rd quarter worth about $26,000. Dunhill Financial LLC raised its stake in CME Group by 188.4% during the third quarter. Dunhill Financial LLC now owns 124 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 81 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of CME Group by 120.3% in the 4th quarter. Fortitude Family Office LLC now owns 152 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 83 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of CME Group by 62.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 193 shares of the financial services provider’s stock valued at $43,000 after buying an additional 74 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in shares of CME Group by 51.6% during the 4th quarter. Avior Wealth Management LLC now owns 329 shares of the financial services provider’s stock worth $76,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

CME Group Stock Up 1.0 %

CME Group stock opened at $236.95 on Tuesday. The firm has a market capitalization of $85.39 billion, a P/E ratio of 24.92, a P/E/G ratio of 5.28 and a beta of 0.56. The company has a 50-day simple moving average of $234.02 and a 200-day simple moving average of $221.43. CME Group Inc. has a one year low of $190.70 and a one year high of $249.02. 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 Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, December 27th were paid a $5.80 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from CME Group’s previous dividend of $2.50. CME Group’s dividend payout ratio (DPR) is presently 48.37%.

CME Group announced that its board has approved a share buyback program on Thursday, December 5th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on CME Group from $227.00 to $226.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Morgan Stanley boosted their target price on CME Group from $210.00 to $233.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Oppenheimer lifted their price target on shares of CME Group from $245.00 to $258.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $235.00 price objective on shares of CME Group in a research note on Monday, January 6th. Finally, Citigroup downgraded shares of CME Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $255.00 to $250.00 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, CME Group has an average rating of “Hold” and a consensus price target of $229.27.

Insider Activity

In other CME Group news, insider Sunil Cutinho sold 4,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $226.64, for a total transaction of $1,019,880.00. Following the sale, the insider now directly owns 27,053 shares in the company, valued at approximately $6,131,291.92. The trade was a 14.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy S. Bitsberger sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $226.96, for a total transaction of $226,960.00. Following the transaction, the director now owns 10,589 shares in the company, valued at $2,403,279.44. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,900 shares of company stock valued at $1,336,008. Insiders own 0.30% of the company’s stock.

CME Group 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.