Regal Investment Advisors LLC Has $1.13 Million Position in CME Group Inc. (NASDAQ:CME)

Regal Investment Advisors LLC reduced its stake in CME Group Inc. (NASDAQ:CMEGet Rating) by 15.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,936 shares of the financial services provider’s stock after selling 935 shares during the quarter. Regal Investment Advisors LLC’s holdings in CME Group were worth $1,128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CME. Parnassus Investments LLC increased its position in shares of CME Group by 15.5% during the third quarter. Parnassus Investments LLC now owns 7,097,398 shares of the financial services provider’s stock valued at $1,372,495,000 after purchasing an additional 951,681 shares during the period. Bank of New York Mellon Corp boosted its stake in CME Group by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 6,790,837 shares of the financial services provider’s stock worth $1,313,212,000 after purchasing an additional 164,311 shares in the last quarter. Geode Capital Management LLC boosted its stake in CME Group by 2.6% in the third quarter. Geode Capital Management LLC now owns 6,208,020 shares of the financial services provider’s stock worth $1,197,699,000 after purchasing an additional 158,652 shares in the last quarter. Vontobel Asset Management Inc. boosted its stake in CME Group by 1.5% in the third quarter. Vontobel Asset Management Inc. now owns 4,067,692 shares of the financial services provider’s stock worth $818,075,000 after purchasing an additional 59,267 shares in the last quarter. Finally, FIL Ltd boosted its stake in CME Group by 4.3% in the third quarter. FIL Ltd now owns 3,206,730 shares of the financial services provider’s stock worth $620,118,000 after purchasing an additional 132,681 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

In other CME Group news, insider Hilda Harris Piell sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $244.00, for a total transaction of $488,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sunil Cutinho sold 4,900 shares of the company’s stock in a transaction that occurred on Monday, February 14th. The shares were sold at an average price of $237.96, for a total value of $1,166,004.00. The disclosure for this sale can be found here. Insiders sold a total of 16,150 shares of company stock valued at $3,786,944 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:CME traded up $4.09 during midday trading on Friday, reaching $200.10. The company’s stock had a trading volume of 1,888,586 shares, compared to its average volume of 1,438,837. The firm has a market capitalization of $71.92 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 4.10 and a beta of 0.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day moving average price of $230.65 and a two-hundred day moving average price of $229.51. CME Group Inc. has a fifty-two week low of $185.79 and a fifty-two week high of $256.94.

CME Group (NASDAQ:CMEGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.11. CME Group had a return on equity of 9.29% and a net margin of 57.98%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $1.79 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts anticipate that CME Group Inc. will post 7.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 27th. Investors of record on Friday, June 10th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, June 9th. CME Group’s payout ratio is 52.22%.

Several brokerages have recently issued reports on CME. StockNews.com started coverage on CME Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. lowered their price target on CME Group from $202.00 to $201.00 and set a “neutral” rating for the company in a report on Thursday, February 10th. Deutsche Bank Aktiengesellschaft increased their price target on CME Group from $235.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, February 10th. Credit Suisse Group decreased their price objective on CME Group from $265.00 to $262.00 and set a “neutral” rating for the company in a report on Tuesday, April 5th. Finally, Rosenblatt Securities decreased their price objective on CME Group from $268.00 to $267.00 and set a “neutral” rating for the company in a report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, CME Group presently has an average rating of “Hold” and an average target price of $254.75.

About CME Group (Get Rating)

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 products.

Further Reading

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

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