Oakbrook Investments LLC Raises Position in CME Group Inc (CME)

Oakbrook Investments LLC boosted its holdings in shares of CME Group Inc (NASDAQ:CME) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 232,038 shares of the financial services provider’s stock after buying an additional 10,620 shares during the quarter. CME Group makes up approximately 2.2% of Oakbrook Investments LLC’s investment portfolio, making the stock its 10th biggest holding. Oakbrook Investments LLC owned about 0.07% of CME Group worth $33,889,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Ropes Wealth Advisors LLC grew its holdings in CME Group by 0.4% in the second quarter. Ropes Wealth Advisors LLC now owns 10,801 shares of the financial services provider’s stock worth $1,353,000 after purchasing an additional 38 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in CME Group by 6.5% in the second quarter. Salem Investment Counselors Inc. now owns 1,678 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 103 shares during the last quarter. People s United Financial Inc. grew its holdings in CME Group by 11.5% in the second quarter. People s United Financial Inc. now owns 1,063 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 110 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of CME Group by 13.6% during the second quarter. Quadrant Capital Group LLC now owns 944 shares of the financial services provider’s stock valued at $111,000 after buying an additional 113 shares during the last quarter. Finally, First Allied Advisory Services Inc. grew its holdings in shares of CME Group by 5.1% during the second quarter. First Allied Advisory Services Inc. now owns 2,896 shares of the financial services provider’s stock valued at $381,000 after buying an additional 141 shares during the last quarter. 82.78% of the stock is currently owned by institutional investors.

In other CME Group news, COO Julie Holzrichter sold 12,920 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $144.08, for a total value of $1,861,513.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John W. Pietrowicz sold 5,175 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $139.70, for a total transaction of $722,947.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,603 shares of company stock valued at $6,250,726. Insiders own 0.57% of the company’s stock.

CME Group Inc (NASDAQ CME) traded down $0.75 during midday trading on Thursday, reaching $151.45. 1,469,800 shares of the company were exchanged, compared to its average volume of 1,192,073. The firm has a market capitalization of $51,680.00, a P/E ratio of 34.34, a PEG ratio of 2.03 and a beta of 0.72. CME Group Inc has a 52 week low of $114.82 and a 52 week high of $155.29. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.11.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.03. The business had revenue of $890.80 million during the quarter, compared to the consensus estimate of $890.22 million. CME Group had a net margin of 40.94% and a return on equity of 7.89%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. equities analysts predict that CME Group Inc will post 4.75 earnings per share for the current year.

The company also recently disclosed a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th were given a $3.50 dividend. The ex-dividend date was Wednesday, December 27th. This is an increase from CME Group’s previous dividend of $3.25. CME Group’s dividend payout ratio is 59.86%.

A number of equities research analysts have recently weighed in on the stock. BidaskClub raised shares of CME Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $133.00 price objective on shares of CME Group in a report on Thursday, September 21st. Royal Bank of Canada boosted their price objective on shares of CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Barclays boosted their price objective on shares of CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Finally, Wells Fargo & Co boosted their price objective on shares of CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $144.22.

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About CME Group

CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.

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

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