CSat Investment Advisory L.P. Buys 4,798 Shares of CME Group Inc (NASDAQ:CME)

CSat Investment Advisory L.P. grew its stake in CME Group Inc (NASDAQ:CME) by 71.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,516 shares of the financial services provider’s stock after acquiring an additional 4,798 shares during the period. CME Group accounts for about 0.8% of CSat Investment Advisory L.P.’s investment portfolio, making the stock its 17th biggest position. CSat Investment Advisory L.P.’s holdings in CME Group were worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advantage Investment Management LLC increased its stake in CME Group by 119.0% in the second quarter. Advantage Investment Management LLC now owns 184 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Westside Investment Management Inc. bought a new stake in CME Group during the second quarter worth $38,000. Close Asset Management Ltd bought a new stake in CME Group during the first quarter worth $34,000. Permanens Capital L.P. bought a new stake in CME Group during the first quarter worth $41,000. Finally, Patriot Financial Group Insurance Agency LLC raised its position in CME Group by 209.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 263 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 178 shares in the last quarter. 84.85% of the stock is owned by institutional investors.

In other news, Director Daniel R. Glickman sold 500 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $216.01, for a total transaction of $108,005.00. Following the sale, the director now directly owns 14,593 shares in the company, valued at $3,152,233.93. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sean Tully sold 7,200 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $223.13, for a total value of $1,606,536.00. Following the sale, the insider now owns 19,923 shares in the company, valued at $4,445,418.99. The disclosure for this sale can be found here. Insiders sold a total of 59,626 shares of company stock worth $12,255,934 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

A number of equities analysts recently commented on CME shares. BidaskClub lowered shares of CME Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. UBS Group raised their price target on shares of CME Group from $191.00 to $214.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Wells Fargo & Co raised their price target on shares of CME Group from $176.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, July 3rd. Zacks Investment Research lowered shares of CME Group from a “hold” rating to a “sell” rating and set a $158.00 price objective for the company. in a research note on Monday, May 27th. Finally, Deutsche Bank lifted their price objective on shares of CME Group from $224.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $200.00.

CME Group stock traded down $0.80 during midday trading on Friday, reaching $211.15. The stock had a trading volume of 1,468,408 shares, compared to its average volume of 1,264,407. CME Group Inc has a 12 month low of $161.05 and a 12 month high of $224.91. The firm’s 50-day moving average price is $212.63 and its 200 day moving average price is $192.20. The firm has a market capitalization of $77.41 billion, a PE ratio of 30.96, a P/E/G ratio of 4.62 and a beta of 0.19. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.15.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. CME Group had a return on equity of 9.14% and a net margin of 39.36%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted $1.74 EPS. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. Equities research analysts expect that CME Group Inc will post 6.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Monday, September 9th. CME Group’s dividend payout ratio is currently 43.99%.

CME Group 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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