CME Group Inc (CME) Stake Increased by Bp Plc

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Bp Plc boosted its holdings in CME Group Inc (NASDAQ:CME) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,506 shares of the financial services provider’s stock after purchasing an additional 4,306 shares during the quarter. CME Group comprises approximately 0.8% of Bp Plc’s investment portfolio, making the stock its 26th largest holding. Bp Plc’s holdings in CME Group were worth $20,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ruggie Capital Group purchased a new position in CME Group during the 4th quarter worth $28,000. Nelson Roberts Investment Advisors LLC purchased a new position in CME Group during the 4th quarter worth $33,000. Ipswich Investment Management Co. Inc. purchased a new position in CME Group during the 4th quarter worth $47,000. Contravisory Investment Management Inc. boosted its holdings in CME Group by 197.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 253 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 168 shares during the last quarter. Finally, Alpha Windward LLC boosted its holdings in CME Group by 820.0% during the 4th quarter. Alpha Windward LLC now owns 322 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 287 shares during the last quarter. 90.59% of the stock is owned by institutional investors and hedge funds.

In related news, CFO John W. Pietrowicz sold 17,960 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $186.92, for a total value of $3,357,083.20. Following the sale, the chief financial officer now directly owns 44,780 shares in the company, valued at approximately $8,370,277.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sean Tully sold 13,500 shares of the business’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $191.69, for a total value of $2,587,815.00. Following the completion of the sale, the insider now owns 36,328 shares in the company, valued at $6,963,714.32. The disclosure for this sale can be found here. Insiders have sold a total of 52,494 shares of company stock worth $9,967,852 over the last quarter. Company insiders own 0.43% of the company’s stock.

A number of research firms have issued reports on CME. BidaskClub downgraded shares of CME Group from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $184.00 price objective on shares of CME Group in a report on Monday, December 10th. Citigroup began coverage on shares of CME Group in a report on Tuesday, November 20th. They set a “buy” rating and a $220.00 price objective on the stock. Atlantic Securities began coverage on shares of CME Group in a report on Wednesday, November 28th. They set a “neutral” rating and a $200.00 price objective on the stock. Finally, Bank of America reaffirmed a “buy” rating and set a $200.00 price objective on shares of CME Group in a report on Monday, November 5th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $195.21.

NASDAQ CME opened at $180.40 on Thursday. The firm has a market cap of $60.81 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.18 and a beta of 0.30. CME Group Inc has a one year low of $153.90 and a one year high of $197.08. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Friday, March 8th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.66%. This is a boost from CME Group’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, March 7th. CME Group’s payout ratio is presently 58.70%.

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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 products, and metals.

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

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