CME Group Inc. (NASDAQ:CME) Position Raised by Leo Wealth LLC

Leo Wealth LLC lifted its holdings in shares of CME Group Inc. (NASDAQ:CME) by 33.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,572 shares of the financial services provider’s stock after buying an additional 395 shares during the period. Leo Wealth LLC’s holdings in CME Group were worth $365,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its holdings in CME Group by 0.6% in the third quarter. Harbor Capital Advisors Inc. now owns 7,810 shares of the financial services provider’s stock worth $1,723,000 after purchasing an additional 45 shares during the period. CVA Family Office LLC raised its position in shares of CME Group by 11.8% during the 3rd quarter. CVA Family Office LLC now owns 436 shares of the financial services provider’s stock worth $96,000 after buying an additional 46 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in shares of CME Group by 2.0% in the 4th quarter. Waldron Private Wealth LLC now owns 2,362 shares of the financial services provider’s stock worth $549,000 after acquiring an additional 47 shares during the period. First Affirmative Financial Network boosted its holdings in shares of CME Group by 2.3% in the fourth quarter. First Affirmative Financial Network now owns 2,141 shares of the financial services provider’s stock valued at $497,000 after acquiring an additional 49 shares in the last quarter. Finally, Mather Group LLC. increased its stake in shares of CME Group by 3.5% during the fourth quarter. Mather Group LLC. now owns 1,439 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

CME Group Price Performance

CME opened at $244.83 on Friday. The firm has a market capitalization of $88.23 billion, a P/E ratio of 25.74, a PEG ratio of 5.37 and a beta of 0.57. The stock has a fifty day moving average of $235.34 and a 200-day moving average of $223.63. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. CME Group Inc. has a 12-month low of $190.70 and a 12-month high of $249.02.

CME Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 7th will be paid a $1.25 dividend. This is an increase from CME Group’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, March 7th. CME Group’s dividend payout ratio is currently 48.37%.

CME Group declared that its Board of Directors has authorized a share repurchase plan on Thursday, December 5th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CME shares. Keefe, Bruyette & Woods decreased their price target on CME Group from $260.00 to $256.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Piper Sandler raised their target price on CME Group from $250.00 to $258.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Oppenheimer boosted their price target on shares of CME Group from $245.00 to $258.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley raised their price objective on shares of CME Group from $210.00 to $233.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of CME Group from $227.00 to $226.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, CME Group currently has an average rating of “Hold” and an average price target of $229.27.

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.