CME Group Inc. (NASDAQ:CME) Shares Purchased by Stiles Financial Services Inc

Stiles Financial Services Inc raised its stake in CME Group Inc. (NASDAQ:CME) by 4.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 14,304 shares of the financial services provider’s stock after buying an additional 583 shares during the quarter. CME Group makes up about 1.1% of Stiles Financial Services Inc’s investment portfolio, making the stock its 25th largest holding. Stiles Financial Services Inc’s holdings in CME Group were worth $3,158,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norden Group LLC bought a new stake in shares of CME Group during the first quarter valued at about $274,000. Private Advisor Group LLC raised its stake in shares of CME Group by 3.9% during the first quarter. Private Advisor Group LLC now owns 4,592 shares of the financial services provider’s stock valued at $989,000 after purchasing an additional 172 shares in the last quarter. Duality Advisers LP bought a new stake in shares of CME Group during the first quarter valued at about $1,455,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of CME Group by 10.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 61,518 shares of the financial services provider’s stock valued at $13,244,000 after purchasing an additional 5,738 shares in the last quarter. Finally, Sciencast Management LP bought a new stake in shares of CME Group during the first quarter valued at about $457,000. 87.75% of the stock is currently owned by institutional investors.

CME Group Stock Up 0.4 %

Shares of CME Group stock opened at $222.94 on Friday. The firm has a market cap of $80.28 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 5.61 and a beta of 0.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. CME Group Inc. has a 52-week low of $190.70 and a 52-week high of $230.36. The stock has a 50-day simple moving average of $221.36 and a 200-day simple moving average of $209.75.

CME Group (NASDAQ:CME) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.03. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.59 billion. CME Group had a return on equity of 13.39% and a net margin of 57.34%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.25 EPS. On average, equities research analysts expect that CME Group Inc. will post 10.23 earnings per share for the current fiscal year.

CME Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.06%. CME Group’s dividend payout ratio is 48.37%.

Wall Street Analyst Weigh In

CME has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of CME Group from $193.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Citigroup boosted their price target on shares of CME Group from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on shares of CME Group from $195.00 to $198.00 and gave the stock a “sell” rating in a research report on Thursday, October 3rd. Piper Sandler lifted their price target on CME Group from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Finally, TD Cowen began coverage on CME Group in a research note on Thursday, September 26th. They issued a “hold” rating and a $221.00 price target on the stock. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $222.73.

Insider Activity

In related news, Director Bryan T. Durkin sold 7,593 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $214.59, for a total value of $1,629,381.87. Following the completion of the sale, the director now directly owns 55,607 shares in the company, valued at approximately $11,932,706.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other CME Group news, Director Bryan T. Durkin sold 7,593 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $214.59, for a total value of $1,629,381.87. Following the sale, the director now directly owns 55,607 shares in the company, valued at $11,932,706.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Lynne Fitzpatrick sold 754 shares of the stock in a transaction on Sunday, September 15th. The stock was sold at an average price of $216.99, for a total value of $163,610.46. Following the sale, the chief financial officer now owns 13,261 shares in the company, valued at $2,877,504.39. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,621 shares of company stock worth $3,441,063 in the last three months. 0.30% of the stock is owned by insiders.

About CME Group

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.