Integrated Wealth Concepts LLC Has $707,000 Stake in CME Group Inc. $CME

Integrated Wealth Concepts LLC raised its position in CME Group Inc. (NASDAQ:CME) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,667 shares of the financial services provider’s stock after buying an additional 238 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in CME Group were worth $707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CME. Vanguard Group Inc. grew its position in shares of CME Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 34,643,827 shares of the financial services provider’s stock worth $9,190,661,000 after purchasing an additional 400,737 shares in the last quarter. Raymond James Financial Inc. grew its position in CME Group by 9.7% during the first quarter. Raymond James Financial Inc. now owns 4,113,991 shares of the financial services provider’s stock worth $1,091,401,000 after buying an additional 363,130 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in CME Group by 29.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,818,590 shares of the financial services provider’s stock worth $747,744,000 after buying an additional 648,591 shares in the last quarter. AQR Capital Management LLC grew its position in CME Group by 10.3% during the first quarter. AQR Capital Management LLC now owns 2,783,759 shares of the financial services provider’s stock worth $735,539,000 after buying an additional 260,065 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of CME Group by 370.5% during the 1st quarter. Wellington Management Group LLP now owns 2,653,957 shares of the financial services provider’s stock worth $704,068,000 after purchasing an additional 2,089,935 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CME shares. Oppenheimer increased their target price on CME Group from $300.00 to $303.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Barclays set a $298.00 price objective on shares of CME Group and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Wall Street Zen lowered shares of CME Group from a “hold” rating to a “sell” rating in a research report on Sunday, July 13th. Piper Sandler increased their price target on shares of CME Group from $283.00 to $296.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Finally, UBS Group reduced their target price on CME Group from $305.00 to $285.00 and set a “neutral” rating on the stock in a report on Monday, September 8th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, CME Group presently has an average rating of “Hold” and an average price target of $260.60.

CME Group Stock Down 0.0%

CME Group stock opened at $262.30 on Friday. The firm has a market cap of $94.53 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 4.75 and a beta of 0.43. CME Group Inc. has a 52-week low of $212.38 and a 52-week high of $290.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day moving average price of $273.60 and a two-hundred day moving average price of $270.29.

CME Group (NASDAQ:CME) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.05. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. CME Group had a net margin of 58.48% and a return on equity of 14.60%. CME Group’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.56 earnings per share. Equities analysts predict that CME Group Inc. will post 10.49 EPS for the current year.

CME Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Tuesday, September 9th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 9th. CME Group’s dividend payout ratio is presently 48.40%.

Insider Buying and Selling

In other CME Group news, Director William R. Shepard acquired 256 shares of the stock in a transaction on Wednesday, June 25th. The shares were purchased at an average price of $270.53 per share, for a total transaction of $69,255.68. Following the completion of the acquisition, the director owned 258,196 shares in the company, valued at approximately $69,849,763.88. This represents a 0.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sunil Cutinho sold 11,896 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $271.47, for a total transaction of $3,229,407.12. Following the completion of the sale, the insider owned 17,440 shares in the company, valued at $4,734,436.80. This represents a 40.55% decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

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.