1,000 Shares in CME Group Inc (NASDAQ:CME) Bought by Fruth Investment Management

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Fruth Investment Management purchased a new position in shares of CME Group Inc (NASDAQ:CME) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,000 shares of the financial services provider’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Buckingham Asset Management LLC raised its position in shares of CME Group by 1.4% in the second quarter. Buckingham Asset Management LLC now owns 3,607 shares of the financial services provider’s stock valued at $700,000 after buying an additional 49 shares during the last quarter. IHT Wealth Management LLC increased its position in CME Group by 1.1% during the second quarter. IHT Wealth Management LLC now owns 4,404 shares of the financial services provider’s stock worth $855,000 after purchasing an additional 50 shares during the last quarter. Pitcairn Co. increased its position in CME Group by 2.3% during the second quarter. Pitcairn Co. now owns 2,239 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 51 shares during the last quarter. Lourd Capital LLC increased its position in CME Group by 3.5% during the second quarter. Lourd Capital LLC now owns 1,620 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 55 shares during the last quarter. Finally, Garner Asset Management Corp increased its position in CME Group by 1.1% during the second quarter. Garner Asset Management Corp now owns 5,200 shares of the financial services provider’s stock worth $1,009,000 after purchasing an additional 55 shares during the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Daniel R. Glickman sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $216.01, for a total value of $108,005.00. Following the completion of the transaction, the director now owns 14,593 shares of the company’s stock, valued at $3,152,233.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Terrence A. Duffy sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $200.15, for a total transaction of $7,005,250.00. Following the completion of the transaction, the chief executive officer now directly owns 79,057 shares of the company’s stock, valued at approximately $15,823,258.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,126 shares of company stock valued at $11,752,684. Company insiders own 1.20% of the company’s stock.

Shares of CME traded up $2.92 during trading on Wednesday, reaching $215.06. 71,223 shares of the company traded hands, compared to its average volume of 1,544,726. CME Group Inc has a twelve month low of $161.05 and a twelve month high of $224.91. The stock has a market cap of $77.36 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 4.57 and a beta of 0.20. The stock has a 50-day simple moving average of $213.71 and a 200-day simple moving average of $195.90. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.15.

CME Group (NASDAQ:CME) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. CME Group had a net margin of 39.36% and a return on equity of 9.14%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business earned $1.74 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities research analysts predict that CME Group Inc will post 6.79 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Monday, September 9th. CME Group’s dividend payout ratio is presently 43.99%.

CME has been the subject of several recent analyst reports. BidaskClub upgraded shares of CME Group from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Deutsche Bank raised their price objective on shares of CME Group from $224.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Berenberg Bank cut shares of CME Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $236.00 to $227.00 in a research report on Thursday, September 19th. ValuEngine cut shares of CME Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Oppenheimer initiated coverage on shares of CME Group in a research report on Monday, September 16th. They set an “outperform” rating and a $234.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $200.43.

CME Group Company Profile

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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