O Shaughnessy Asset Management LLC Purchases 9,801 Shares of CME Group Inc. $CME

by · The Markets Daily

O Shaughnessy Asset Management LLC boosted its position in CME Group Inc. (NASDAQ:CME – Free Report) by 21.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 55,708 shares of the financial services provider’s stock after buying an additional 9,801 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in CME Group were worth $15,213,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Asset Dedication LLC boosted its holdings in CME Group by 64.9% in the fourth quarter. Asset Dedication LLC now owns 94 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 37 shares during the last quarter. FNY Investment Advisers LLC bought a new position in CME Group in the fourth quarter valued at about $27,000. Hilton Head Capital Partners LLC bought a new position in CME Group in the fourth quarter valued at about $28,000. Legacy Wealth Managment LLC ID boosted its holdings in CME Group by 191.9% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 108 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 71 shares during the last quarter. Finally, Global Wealth Strategies & Associates boosted its holdings in CME Group by 1,250.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 108 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

Insider Transactions at CME Group

In other news, CEO Terrence A. Duffy sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $298.51, for a total transaction of $10,447,850.00. Following the sale, the chief executive officer owned 55,630 shares of the company’s stock, valued at $16,606,111.30. This trade represents a 38.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Jonathan L. Marcus sold 3,291 shares of CME Group stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $333.37, for a total value of $1,097,120.67. Following the completion of the sale, the general counsel directly owned 7,192 shares in the company, valued at approximately $2,397,597.04. This represents a 31.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,044 shares of company stock valued at $13,297,507 over the last 90 days. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CME shares. Raymond James Financial raised their target price on CME Group from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Morgan Stanley reduced their target price on CME Group from $362.00 to $353.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Rothschild & Co Redburn reduced their target price on CME Group from $340.00 to $316.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Piper Sandler raised their target price on CME Group from $313.00 to $329.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Keefe, Bruyette & Woods started coverage on CME Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $305.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $305.29.

View Our Latest Stock Analysis on CME

CME Group Trading Up 1.6%

NASDAQ CME opened at $255.94 on Wednesday. The firm has a market cap of $92.74 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.82 and a beta of 0.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50-day moving average is $286.68 and its 200-day moving average is $288.36. CME Group Inc. has a one year low of $244.56 and a one year high of $329.16.

CME Group (NASDAQ:CME – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.25. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.77 billion. CME Group had a return on equity of 15.42% and a net margin of 63.19%.CME Group’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.80 earnings per share. Sell-side analysts anticipate that CME Group Inc. will post 12.28 earnings per share for the current fiscal year.

CME Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.0%. CME Group’s dividend payout ratio (DPR) is currently 44.37%.

CME Group Profile

(Free Report)

CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.

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