CME Group Inc (CME) Shares Sold by Allred Capital Management LLC

Allred Capital Management LLC lessened its stake in shares of CME Group Inc (NASDAQ:CME) by 1.7% during the 1st quarter, Holdings Channel reports. The firm owned 6,358 shares of the financial services provider’s stock after selling 110 shares during the quarter. Allred Capital Management LLC’s holdings in CME Group were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. boosted its holdings in shares of CME Group by 83.1% in the 1st quarter. Dubuque Bank & Trust Co. now owns 152 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 69 shares during the last quarter. Resources Investment Advisors Inc. boosted its holdings in shares of CME Group by 2,800.0% in the 4th quarter. Resources Investment Advisors Inc. now owns 145 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 140 shares during the last quarter. Smith Asset Management Group LP boosted its holdings in shares of CME Group by 200.0% in the 4th quarter. Smith Asset Management Group LP now owns 150 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 100 shares during the last quarter. Ruggie Capital Group purchased a new stake in shares of CME Group in the 4th quarter valued at $28,000. Finally, Truvestments Capital LLC purchased a new stake in shares of CME Group in the 1st quarter valued at $32,000. 84.84% of the stock is currently owned by institutional investors.

In other CME Group news, Director Ronald A. Pankau sold 200 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $182.90, for a total transaction of $36,580.00. Following the completion of the transaction, the director now directly owns 3,600 shares in the company, valued at $658,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey M. Bernacchi sold 10,087 shares of the company’s 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 of the company’s stock, valued at $7,474,191.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,489 shares of company stock valued at $4,948,996. Company insiders own 1.20% of the company’s stock.

CME has been the topic of several recent research reports. Bank of America reaffirmed a “neutral” rating and issued a $191.00 price objective (down from $200.00) on shares of CME Group in a report on Friday, January 11th. They noted that the move was a valuation call. JPMorgan Chase & Co. initiated coverage on shares of CME Group in a report on Friday, February 15th. They issued an “underweight” rating and a $164.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $204.00 price objective on shares of CME Group in a report on Wednesday, January 9th. BidaskClub downgraded shares of CME Group from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Deutsche Bank dropped their price objective on shares of CME Group from $220.00 to $214.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $192.00.

Shares of CME traded up $0.67 during trading hours on Tuesday, hitting $174.07. The stock had a trading volume of 54,560 shares, compared to its average volume of 1,672,494. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 1.01. CME Group Inc has a fifty-two week low of $153.90 and a fifty-two week high of $197.08. The stock has a market cap of $61.87 billion, a P/E ratio of 25.51, a P/E/G ratio of 3.53 and a beta of 0.30.

CME Group (NASDAQ:CME) last posted its 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 net margin of 45.53% and a return on equity of 9.85%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $1.12 EPS. The business’s revenue was up 37.4% compared to the same quarter last year. Equities analysts expect that CME Group Inc will post 6.82 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a $0.75 dividend. This is a boost from CME Group’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, March 7th. CME Group’s payout ratio is currently 43.99%.

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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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