CME Group Inc. (NASDAQ:CME) Shares Bought by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich grew its holdings in CME Group Inc. (NASDAQ:CME) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,172 shares of the financial services provider’s stock after purchasing an additional 106 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in CME Group were worth $1,897,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Truvestments Capital LLC purchased a new stake in CME Group in the third quarter valued at approximately $26,000. SJS Investment Consulting Inc. raised its holdings in shares of CME Group by 570.6% in the 4th quarter. SJS Investment Consulting Inc. now owns 114 shares of the financial services provider’s stock valued at $26,000 after buying an additional 97 shares during the period. Dunhill Financial LLC raised its holdings in shares of CME Group by 188.4% in the 3rd quarter. Dunhill Financial LLC now owns 124 shares of the financial services provider’s stock valued at $27,000 after buying an additional 81 shares during the period. Financial Life Planners acquired a new position in CME Group during the 4th quarter worth about $32,000. Finally, Fortitude Family Office LLC boosted its holdings in CME Group by 120.3% during the 4th quarter. Fortitude Family Office LLC now owns 152 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 83 shares during the period. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

CME Group Trading Down 0.0 %

CME opened at $241.74 on Wednesday. The business’s 50-day simple moving average is $235.60 and its 200-day simple moving average is $224.62. The company has a market cap of $87.11 billion, a P/E ratio of 25.42, a PEG ratio of 5.54 and a beta of 0.57. CME Group Inc. has a one year low of $190.70 and a one year high of $249.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.06. CME Group had a net margin of 57.34% and a return on equity of 13.39%. As a group, equities research analysts expect that CME Group Inc. will post 10.18 EPS for the current fiscal year.

CME Group announced that its board has approved a share buyback program on Thursday, December 5th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

CME Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 7th will be given a $1.25 dividend. The ex-dividend date is Friday, March 7th. This is a boost from CME Group’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. CME Group’s payout ratio is 48.37%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of CME Group from $250.00 to $258.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Citigroup lowered shares of CME Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $255.00 to $250.00 in a report on Monday, January 6th. Barclays boosted their price target on shares of CME Group from $231.00 to $257.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $235.00 price objective on shares of CME Group in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on CME Group from $227.00 to $226.00 and set a “hold” rating for the company in a report on Monday, November 11th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $229.27.

CME Group Profile

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.