Mosaic Family Wealth LLC Makes New Investment in CME Group Inc (NASDAQ:CME)

Mosaic Family Wealth LLC purchased a new position in shares of CME Group Inc (NASDAQ:CME) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,000 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other large investors also recently bought and sold shares of the business. Nuveen Asset Management LLC increased its holdings in shares of CME Group by 18,355.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,238,530 shares of the financial services provider’s stock worth $628,631,000 after acquiring an additional 3,220,982 shares during the last quarter. Parnassus Investments CA acquired a new position in shares of CME Group during the 2nd quarter worth approximately $544,292,000. Magellan Asset Management Ltd acquired a new position in shares of CME Group during the 2nd quarter worth approximately $418,297,000. Fiera Capital Corp increased its holdings in shares of CME Group by 17.0% during the 2nd quarter. Fiera Capital Corp now owns 2,960,477 shares of the financial services provider’s stock worth $574,658,000 after acquiring an additional 429,235 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in shares of CME Group by 30.4% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,664,500 shares of the financial services provider’s stock worth $323,097,000 after acquiring an additional 388,008 shares during the last quarter. 84.90% of the stock is currently owned by hedge funds and other institutional investors.

In other CME Group news, insider Sean Tully sold 7,200 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $223.13, for a total value of $1,606,536.00. Following the transaction, the insider now owns 19,923 shares in the company, valued at $4,445,418.99. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Terrence A. Duffy sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $200.15, for a total value of $7,005,250.00. Following the completion of the transaction, the chief executive officer now owns 79,057 shares in the company, valued at approximately $15,823,258.55. The disclosure for this sale can be found here. Insiders have sold 57,126 shares of company stock valued at $11,752,684 in the last ninety days. 1.20% of the stock is currently owned by insiders.

NASDAQ CME opened at $203.25 on Friday. The business has a 50 day simple moving average of $212.33 and a 200 day simple moving average of $199.53. CME Group Inc has a one year low of $161.05 and a one year high of $224.91. The stock has a market capitalization of $72.42 billion, a P/E ratio of 29.80, a P/E/G ratio of 4.26 and a beta of 0.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.05 and a quick ratio of 1.05.

CME Group (NASDAQ:CME) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.76 EPS for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm posted $1.74 earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. Equities analysts expect that CME Group Inc will post 6.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $3.00 annualized dividend and a yield of 1.48%. CME Group’s dividend payout ratio is currently 43.99%.

CME has been the subject of several recent research reports. BidaskClub downgraded CME Group from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. ValuEngine cut CME Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Berenberg Bank cut CME Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $236.00 to $227.00 in a report on Thursday, September 19th. Oppenheimer assumed coverage on CME Group in a research note on Monday, September 16th. They issued an “outperform” rating and a $234.00 price target for the company. Finally, Wells Fargo & Co increased their price target on CME Group from $176.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. CME Group has an average rating of “Hold” and a consensus target price of $203.14.

About CME Group

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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