Baldwin Investment Management LLC Has $955,000 Stake in CME Group Inc. (NASDAQ:CME)

Baldwin Investment Management LLC lowered its holdings in CME Group Inc. (NASDAQ:CMEFree Report) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,533 shares of the financial services provider’s stock after selling 50 shares during the quarter. Baldwin Investment Management LLC’s holdings in CME Group were worth $955,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gold Investment Management Ltd. bought a new stake in CME Group during the 4th quarter worth approximately $26,000. Northwest Financial Advisors bought a new stake in CME Group during the fourth quarter worth $28,000. Harbor Investment Advisory LLC raised its position in CME Group by 966.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 160 shares of the financial services provider’s stock valued at $34,000 after buying an additional 145 shares during the last quarter. BKM Wealth Management LLC bought a new position in CME Group during the 4th quarter valued at $38,000. Finally, Atticus Wealth Management LLC purchased a new position in CME Group during the 3rd quarter worth $40,000. Institutional investors own 87.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CME. Argus increased their target price on shares of CME Group from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Keefe, Bruyette & Woods increased their price objective on shares of CME Group from $222.00 to $226.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $187.00 target price (up from $185.00) on shares of CME Group in a report on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on CME Group from $198.00 to $206.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $210.00 price objective (down previously from $235.00) on shares of CME Group in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $217.80.

Check Out Our Latest Report on CME Group

Insider Activity

In related news, Director Terry L. Savage sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $210.65, for a total value of $526,625.00. Following the completion of the transaction, the director now directly owns 17,441 shares of the company’s stock, valued at approximately $3,673,946.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Terry L. Savage sold 2,500 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $210.65, for a total transaction of $526,625.00. Following the sale, the director now directly owns 17,441 shares in the company, valued at approximately $3,673,946.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth A. Cook sold 1,000 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $211.52, for a total value of $211,520.00. Following the sale, the director now directly owns 18,241 shares in the company, valued at approximately $3,858,336.32. The disclosure for this sale can be found here. Insiders have sold a total of 50,640 shares of company stock valued at $10,676,444 over the last quarter. Company insiders own 0.30% of the company’s stock.

CME Group Stock Performance

NASDAQ CME traded up $0.08 on Friday, hitting $200.42. 542,471 shares of the stock traded hands, compared to its average volume of 1,794,625. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. The business’s fifty day moving average is $209.97 and its two-hundred day moving average is $210.80. CME Group Inc. has a 12 month low of $177.04 and a 12 month high of $223.80. The firm has a market capitalization of $72.17 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 5.30 and a beta of 0.52.

CME Group (NASDAQ:CMEGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.06. CME Group had a return on equity of 12.45% and a net margin of 56.84%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned $2.42 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that CME Group Inc. will post 9.72 EPS for the current fiscal year.

CME Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Friday, June 7th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.60 annualized dividend and a dividend yield of 2.30%. CME Group’s payout ratio is 52.33%.

CME Group Profile

(Free Report)

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.

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

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