3,055 Shares in CME Group Inc. (NASDAQ:CME) Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new position in shares of CME Group Inc. (NASDAQ:CME) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,055 shares of the financial services provider’s stock, valued at approximately $601,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in CME Group by 11.3% during the second quarter. Ameriprise Financial Inc. now owns 5,283,196 shares of the financial services provider’s stock worth $1,038,676,000 after purchasing an additional 537,758 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of CME Group by 10.5% in the second quarter. AQR Capital Management LLC now owns 1,229,566 shares of the financial services provider’s stock valued at $240,331,000 after buying an additional 117,263 shares in the last quarter. AXA S.A. increased its holdings in shares of CME Group by 70.3% in the second quarter. AXA S.A. now owns 494,604 shares of the financial services provider’s stock valued at $97,239,000 after buying an additional 204,147 shares in the last quarter. Caxton Associates LP increased its holdings in shares of CME Group by 16.9% in the second quarter. Caxton Associates LP now owns 70,156 shares of the financial services provider’s stock valued at $13,793,000 after buying an additional 10,156 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of CME Group in the second quarter valued at $2,315,000. Institutional investors own 87.75% of the company’s stock.

Analyst Ratings Changes

CME has been the topic of several research reports. Barclays upped their price target on CME Group from $208.00 to $209.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of CME Group from $193.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Piper Sandler reiterated an “overweight” rating and set a $225.00 price objective on shares of CME Group in a research report on Tuesday, August 20th. Keefe, Bruyette & Woods lifted their price objective on shares of CME Group from $212.00 to $213.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, TD Cowen assumed coverage on shares of CME Group in a research report on Thursday. They set a “hold” rating and a $221.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $212.54.

CME Group Trading Down 0.1 %

CME Group stock opened at $218.30 on Friday. The company’s fifty day simple moving average is $209.70 and its 200-day simple moving average is $207.57. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. CME Group Inc. has a 12 month low of $190.70 and a 12 month high of $223.80. The stock has a market cap of $78.60 billion, a P/E ratio of 24.84, a P/E/G ratio of 8.74 and a beta of 0.55.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.03. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. CME Group had a net margin of 56.98% and a return on equity of 12.82%. CME Group’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.30 earnings per share. As a group, sell-side analysts forecast that CME Group Inc. will post 9.94 EPS for the current fiscal year.

CME Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, September 9th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Monday, September 9th. CME Group’s dividend payout ratio is presently 52.33%.

Insider Buying and Selling

In related news, CFO Lynne Fitzpatrick sold 754 shares of the company’s stock in a transaction on Sunday, September 15th. The shares were sold at an average price of $216.99, for a total value of $163,610.46. Following the completion of the sale, the chief financial officer now directly owns 13,261 shares in the company, valued at $2,877,504.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other CME Group news, Director Bryan T. Durkin sold 7,593 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $214.59, for a total transaction of $1,629,381.87. Following the completion of the transaction, the director now owns 55,607 shares of the company’s stock, valued at approximately $11,932,706.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $163,610.46. Following the transaction, the chief financial officer now directly owns 13,261 shares of the company’s stock, valued at approximately $2,877,504.39. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

CME Group 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.