Grove Bank & Trust increased its position in shares of CME Group Inc. (NASDAQ:CME – Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,276 shares of the financial services provider’s stock after acquiring an additional 55 shares during the quarter. Grove Bank & Trust’s holdings in CME Group were worth $943,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of CME Group by 62.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 193 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 74 shares in the last quarter. High Net Worth Advisory Group LLC purchased a new position in CME Group during the 3rd quarter worth $534,000. CVA Family Office LLC increased its position in CME Group by 11.8% during the 3rd quarter. CVA Family Office LLC now owns 436 shares of the financial services provider’s stock valued at $96,000 after buying an additional 46 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in CME Group by 51.3% in the third quarter. Koshinski Asset Management Inc. now owns 3,359 shares of the financial services provider’s stock valued at $741,000 after buying an additional 1,139 shares during the last quarter. Finally, CHICAGO TRUST Co NA boosted its holdings in CME Group by 13.4% in the third quarter. CHICAGO TRUST Co NA now owns 2,602 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.
CME Group Stock Performance
CME Group stock traded up $1.80 during mid-day trading on Monday, hitting $223.52. The company had a trading volume of 376,736 shares, compared to its average volume of 1,946,195. The company has a market capitalization of $80.48 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 7.76 and a beta of 0.55. CME Group Inc. has a 12-month low of $190.70 and a 12-month high of $226.78. The company’s fifty day moving average is $214.61 and its 200-day moving average is $207.88. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10.
CME Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, September 9th were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $4.60 annualized dividend and a dividend yield of 2.06%. CME Group’s dividend payout ratio is presently 52.33%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $235.00 price objective on shares of CME Group in a report on Thursday, October 3rd. Oppenheimer upped their price target on shares of CME Group from $228.00 to $245.00 and gave the company an “outperform” rating in a research note on Monday. Redburn Atlantic downgraded shares of CME Group from a “buy” rating to a “neutral” rating and set a $244.00 price objective for the company. in a research note on Tuesday, October 8th. Piper Sandler boosted their price objective on shares of CME Group from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Citigroup raised their target price on CME Group from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Four research 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $219.53.
View Our Latest Stock Analysis on CME Group
Insider Activity at CME Group
In other CME Group news, Director Bryan T. Durkin sold 7,593 shares of the firm’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 sale, the director now directly owns 55,607 shares of the company’s stock, valued at approximately $11,932,706.13. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Lynne Fitzpatrick sold 754 shares of the firm’s stock in a transaction dated Sunday, September 15th. The shares were sold at an average price of $216.99, for a total value of $163,610.46. Following the transaction, the chief financial officer now directly owns 13,261 shares of the company’s stock, valued at approximately $2,877,504.39. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the director now owns 55,607 shares of the company’s stock, valued at approximately $11,932,706.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by company 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.
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