Chevy Chase Trust Holdings Inc. Purchases 31,592 Shares of CME Group Inc (CME)

Chevy Chase Trust Holdings Inc. boosted its position in CME Group Inc (NASDAQ:CME) by 5.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 633,541 shares of the financial services provider’s stock after purchasing an additional 31,592 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.19% of CME Group worth $85,959,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Hudock Capital Group LLC increased its holdings in shares of CME Group by 0.5% during the second quarter. Hudock Capital Group LLC now owns 3,890 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 20 shares in the last quarter. Ropes Wealth Advisors LLC increased its holdings in shares of CME Group by 0.4% during the second quarter. Ropes Wealth Advisors LLC now owns 10,801 shares of the financial services provider’s stock valued at $1,353,000 after acquiring an additional 38 shares in the last quarter. Pekin Singer Strauss Asset Management IL increased its holdings in shares of CME Group by 0.5% during the second quarter. Pekin Singer Strauss Asset Management IL now owns 13,692 shares of the financial services provider’s stock valued at $1,715,000 after acquiring an additional 64 shares in the last quarter. Pitcairn Co. increased its holdings in shares of CME Group by 2.2% during the second quarter. Pitcairn Co. now owns 3,317 shares of the financial services provider’s stock valued at $416,000 after acquiring an additional 70 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of CME Group by 2.4% during the second quarter. IFP Advisors Inc now owns 2,998 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

CME Group Inc (CME) opened at $152.07 on Friday. CME Group Inc has a fifty-two week low of $113.27 and a fifty-two week high of $155.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $51,799.82, a P/E ratio of 31.96, a P/E/G ratio of 3.14 and a beta of 0.73.

CME Group (NASDAQ:CME) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.03. CME Group had a net margin of 40.94% and a return on equity of 7.89%. The company had revenue of $890.80 million for the quarter, compared to the consensus estimate of $890.22 million. During the same quarter in the prior year, the company earned $1.05 EPS. CME Group’s quarterly revenue was up 5.8% on a year-over-year basis. analysts expect that CME Group Inc will post 4.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Friday, December 8th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.64 annualized dividend and a yield of 1.74%. CME Group’s dividend payout ratio (DPR) is presently 59.86%.

In related news, Director Dennis Suskind sold 750 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $129.34, for a total value of $97,005.00. Following the transaction, the director now owns 5,059 shares in the company, valued at approximately $654,331.06. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO John W. Pietrowicz sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,921 shares of company stock worth $5,016,248. 0.57% of the stock is owned by corporate insiders.

Several research firms have recently issued reports on CME. BidaskClub upgraded shares of CME Group from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Citigroup upped their price objective on shares of CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Barclays began coverage on shares of CME Group in a report on Friday, September 8th. They set an “overweight” rating and a $139.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $133.00 price target on shares of CME Group in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. CME Group presently has an average rating of “Buy” and a consensus target price of $141.75.

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CME Group Company Profile

CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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