Ontario Teachers Pension Plan Board Sells 1,160 Shares of CME Group Inc. (NASDAQ:CME)

Ontario Teachers Pension Plan Board decreased its holdings in shares of CME Group Inc. (NASDAQ:CME) by 47.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,292 shares of the financial services provider’s stock after selling 1,160 shares during the period. Ontario Teachers Pension Plan Board’s holdings in CME Group were worth $285,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd purchased a new position in CME Group during the second quarter valued at $36,000. McClarren Financial Advisors Inc. grew its stake in shares of CME Group by 66.1% in the second quarter. McClarren Financial Advisors Inc. now owns 196 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 78 shares during the last quarter. Asset Dedication LLC increased its holdings in shares of CME Group by 515.2% during the second quarter. Asset Dedication LLC now owns 203 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 170 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of CME Group by 62.2% in the 3rd 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 during the last quarter. Finally, Bank & Trust Co bought a new position in CME Group in the 2nd quarter worth about $76,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Bryan T. Durkin sold 7,593 shares of CME Group stock in a transaction on Friday, August 30th. The stock was sold at an average price of $214.59, for a total transaction of $1,629,381.87. Following the completion of the sale, the director now directly owns 55,607 shares in the company, valued at approximately $11,932,706.13. This trade represents a 12.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy S. Bitsberger sold 1,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $226.96, for a total transaction of $226,960.00. Following the sale, the director now directly owns 10,589 shares of the company’s stock, valued at $2,403,279.44. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,621 shares of company stock valued at $3,441,063. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CME. The Goldman Sachs Group upped their price objective on CME Group from $195.00 to $198.00 and gave the company a “sell” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of CME Group from $227.00 to $226.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Piper Sandler raised their price objective on shares of CME Group from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Redburn Atlantic downgraded shares of CME Group from a “buy” rating to a “neutral” rating and set a $244.00 price target on the stock. in a research report on Tuesday, October 8th. Finally, Morgan Stanley increased their target price on shares of CME Group from $210.00 to $233.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, CME Group has an average rating of “Hold” and an average price target of $224.47.

CME Group Stock Up 1.1 %

NASDAQ CME opened at $229.04 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. CME Group Inc. has a 52 week low of $190.70 and a 52 week high of $230.74. The firm has a market capitalization of $82.54 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 5.30 and a beta of 0.55. The company has a fifty day moving average of $223.64 and a two-hundred day moving average of $211.07.

CME Group (NASDAQ:CME) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.03. CME Group had a net margin of 57.34% and a return on equity of 13.39%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the company earned $2.25 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, analysts predict that CME Group Inc. will post 10.22 earnings per share for the current year.

CME Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be issued a $1.15 dividend. The ex-dividend date is Monday, December 9th. This represents a $4.60 annualized dividend and a dividend yield of 2.01%. CME Group’s payout ratio is 48.37%.

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.