Public Sector Pension Investment Board Has $13.85 Million Stock Holdings in CME Group Inc. (NASDAQ:CME)

Public Sector Pension Investment Board trimmed its position in shares of CME Group Inc. (NASDAQ:CME) by 67.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,778 shares of the financial services provider’s stock after selling 131,300 shares during the quarter. Public Sector Pension Investment Board’s holdings in CME Group were worth $13,852,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in shares of CME Group by 0.6% in the third quarter. Harbor Capital Advisors Inc. now owns 7,810 shares of the financial services provider’s stock worth $1,723,000 after acquiring an additional 45 shares during the period. CVA Family Office LLC lifted its stake in shares of CME Group by 11.8% in the third quarter. CVA Family Office LLC now owns 436 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 46 shares during the period. Lester Murray Antman dba SimplyRich lifted its stake in shares of CME Group by 0.7% in the second quarter. Lester Murray Antman dba SimplyRich now owns 7,667 shares of the financial services provider’s stock worth $1,507,000 after acquiring an additional 50 shares during the period. Zions Bancorporation N.A. lifted its stake in shares of CME Group by 3.7% in the third quarter. Zions Bancorporation N.A. now owns 1,530 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 54 shares during the period. Finally, Quent Capital LLC lifted its stake in shares of CME Group by 10.2% in the third quarter. Quent Capital LLC now owns 593 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 55 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CME Group

In other CME Group news, Director Martin J. Gepsman sold 400 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $222.92, for a total value of $89,168.00. Following the transaction, the director now owns 25,067 shares of the company’s stock, valued at approximately $5,587,935.64. The trade was a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Lynne Fitzpatrick sold 754 shares of the business’s stock in a transaction on Sunday, September 15th. The stock was sold at an average price of $216.99, for a total value of $163,610.46. Following the completion of the transaction, the chief financial officer now directly owns 13,261 shares in the company, valued at approximately $2,877,504.39. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,028 shares of company stock valued at $1,811,681 over the last 90 days. Insiders own 0.30% of the company’s stock.

CME Group Stock Up 1.3 %

Shares of NASDAQ:CME opened at $237.33 on Friday. The stock has a market cap of $85.52 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 5.29 and a beta of 0.55. 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 12-month low of $190.70 and a 12-month high of $238.12. The business’s 50 day moving average is $225.05 and its 200 day moving average is $211.73.

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

CME Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be given a dividend of $1.15 per share. The ex-dividend date is Monday, December 9th. This represents a $4.60 annualized dividend and a dividend yield of 1.94%. CME Group’s payout ratio is 48.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Oppenheimer lifted their target price on CME Group from $245.00 to $258.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Piper Sandler lifted their target price on CME Group from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Citigroup lifted their target price on CME Group from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen assumed coverage on CME Group in a report on Thursday, September 26th. They issued a “hold” rating and a $221.00 target price for the company. Finally, Bank of America lifted their target price on CME Group from $177.00 to $180.00 and gave the stock an “underperform” rating in a report on Thursday, October 3rd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, CME Group currently has an average rating of “Hold” and an average target price of $224.47.

CME Group Company 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.