Aviso Financial Inc. Has $6.85 Million Position in CME Group Inc. $CME

Aviso Financial Inc. boosted its stake in CME Group Inc. (NASDAQ:CME) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,862 shares of the financial services provider’s stock after purchasing an additional 463 shares during the quarter. Aviso Financial Inc.’s holdings in CME Group were worth $6,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AE Wealth Management LLC grew its stake in shares of CME Group by 18.4% in the 1st quarter. AE Wealth Management LLC now owns 1,095 shares of the financial services provider’s stock valued at $291,000 after buying an additional 170 shares during the period. Avantax Advisory Services Inc. grew its stake in CME Group by 5.1% in the first quarter. Avantax Advisory Services Inc. now owns 19,431 shares of the financial services provider’s stock valued at $5,155,000 after acquiring an additional 945 shares during the period. Cetera Investment Advisers increased its holdings in shares of CME Group by 18.7% during the first quarter. Cetera Investment Advisers now owns 40,196 shares of the financial services provider’s stock valued at $10,664,000 after acquiring an additional 6,319 shares in the last quarter. Assetmark Inc. increased its holdings in shares of CME Group by 4.2% during the first quarter. Assetmark Inc. now owns 25,081 shares of the financial services provider’s stock valued at $6,654,000 after acquiring an additional 1,004 shares in the last quarter. Finally, Mediolanum International Funds Ltd raised its position in shares of CME Group by 10.6% during the first quarter. Mediolanum International Funds Ltd now owns 5,306 shares of the financial services provider’s stock worth $1,391,000 after purchasing an additional 510 shares during the period. 87.75% of the stock is owned by institutional investors.

Insider Transactions at CME Group

In other CME Group news, insider Timothy Francis Mccourt sold 379 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $259.83, for a total value of $98,475.57. Following the completion of the sale, the insider directly owned 9,508 shares of the company’s stock, valued at $2,470,463.64. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William R. Shepard bought 262 shares of the stock in a transaction on Thursday, September 25th. The stock was purchased at an average price of $265.19 per share, for a total transaction of $69,479.78. Following the completion of the purchase, the director owned 258,459 shares of the company’s stock, valued at approximately $68,540,742.21. This trade represents a 0.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 2,147 shares of company stock valued at $562,079 in the last three months. 0.30% of the stock is currently owned by company insiders.

CME Group Stock Up 0.9%

Shares of NASDAQ:CME opened at $275.68 on Tuesday. CME Group Inc. has a 1 year low of $224.62 and a 1 year high of $290.79. The company has a market capitalization of $99.41 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 4.41 and a beta of 0.38. The business has a fifty day moving average price of $269.08 and a two-hundred day moving average price of $272.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02.

CME Group (NASDAQ:CME) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.05. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.56 billion. CME Group had a net margin of 58.84% and a return on equity of 14.61%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.68 EPS. Analysts forecast that CME Group Inc. will post 10.49 earnings per share for the current year.

CME Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 12th will be paid a $1.25 dividend. The ex-dividend date is Friday, December 12th. This represents a $5.00 annualized dividend and a yield of 1.8%. CME Group’s dividend payout ratio is presently 48.45%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CME shares. Jefferies Financial Group reduced their price target on shares of CME Group from $313.00 to $304.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Morgan Stanley raised their price objective on shares of CME Group from $312.00 to $314.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. TD Cowen boosted their target price on shares of CME Group from $288.00 to $290.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. Piper Sandler upped their target price on shares of CME Group from $296.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Finally, Citigroup raised shares of CME Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $275.00 to $300.00 in a research report on Thursday, September 25th. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $287.65.

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.