Wells Fargo & Company MN decreased its holdings in shares of CME Group Inc (NASDAQ:CME) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,223,794 shares of the financial services provider’s stock after selling 97,105 shares during the period. Wells Fargo & Company MN’s holdings in CME Group were worth $616,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CME. Capital International Investors raised its stake in CME Group by 11.4% during the third quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock worth $1,694,514,000 after acquiring an additional 1,279,058 shares during the period. Atlantic Trust Group LLC raised its stake in CME Group by 1,943.2% during the third quarter. Atlantic Trust Group LLC now owns 606,942 shares of the financial services provider’s stock worth $82,349,000 after acquiring an additional 577,237 shares during the period. Westfield Capital Management Co. LP raised its stake in CME Group by 526.4% during the third quarter. Westfield Capital Management Co. LP now owns 565,472 shares of the financial services provider’s stock worth $76,723,000 after acquiring an additional 475,192 shares during the period. Jackson Square Partners LLC acquired a new stake in CME Group during the third quarter worth about $48,724,000. Finally, Canada Pension Plan Investment Board raised its stake in CME Group by 54.0% during the third quarter. Canada Pension Plan Investment Board now owns 872,837 shares of the financial services provider’s stock worth $118,427,000 after acquiring an additional 305,900 shares during the period. Hedge funds and other institutional investors own 82.85% of the company’s stock.

CME Group Inc (NASDAQ CME) opened at $160.16 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.10. The stock has a market cap of $54,302.48, a P/E ratio of 13.41, a PEG ratio of 2.10 and a beta of 0.64. CME Group Inc has a 1-year low of $114.82 and a 1-year high of $163.00.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. The business had revenue of $900.00 million during the quarter, compared to analysts’ expectations of $886.85 million. CME Group had a net margin of 111.49% and a return on equity of 7.68%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.14 earnings per share. analysts anticipate that CME Group Inc will post 6.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.75%. This is a boost from CME Group’s previous quarterly dividend of $0.66. The ex-dividend date is Thursday, March 8th. CME Group’s dividend payout ratio (DPR) is presently 22.11%.

CME has been the topic of several research reports. BidaskClub lowered shares of CME Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Zacks Investment Research upgraded shares of CME Group from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a research note on Tuesday, January 2nd. Citigroup upped their target price on shares of CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Berenberg Bank started coverage on shares of CME Group in a research report on Thursday, January 25th. They issued a “hold” rating and a $170.00 target price for the company. Finally, Goldman Sachs Group upgraded shares of CME Group from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $157.00.

In related news, insider Kimberly S. Taylor sold 8,125 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $150.00, for a total value of $1,218,750.00. Following the completion of the sale, the insider now owns 120,590 shares in the company, valued at approximately $18,088,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sunil Cutinho sold 2,600 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $139.57, for a total transaction of $362,882.00. Following the completion of the sale, the insider now owns 22,301 shares of the company’s stock, valued at approximately $3,112,550.57. The disclosure for this sale can be found here. Insiders have sold 67,128 shares of company stock valued at $10,086,157 over the last 90 days. 0.57% of the stock is currently owned by insiders.

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CME Group Profile

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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