Conning Inc. Sells 2,430 Shares of CME Group Inc. (NASDAQ:CME)

Conning Inc. cut its holdings in CME Group Inc. (NASDAQ:CME - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,966 shares of the financial services provider's stock after selling 2,430 shares during the quarter. Conning Inc.'s holdings in CME Group were worth $38,386,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CME. Norden Group LLC purchased a new position in shares of CME Group during the first quarter valued at approximately $274,000. Private Advisor Group LLC lifted its stake in shares of CME Group by 3.9% during the first quarter. Private Advisor Group LLC now owns 4,592 shares of the financial services provider's stock valued at $989,000 after buying an additional 172 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CME Group by 33.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 105,960 shares of the financial services provider's stock valued at $22,812,000 after buying an additional 26,536 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of CME Group by 32.0% during the first quarter. Janney Montgomery Scott LLC now owns 52,167 shares of the financial services provider's stock valued at $11,231,000 after buying an additional 12,653 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of CME Group by 10.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,061 shares of the financial services provider's stock valued at $1,951,000 after buying an additional 824 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CME has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on shares of CME Group in a research note on Thursday, September 26th. They set a "hold" rating and a $221.00 price target on the stock. Redburn Atlantic downgraded shares of CME Group from a "buy" rating to a "neutral" rating and set a $244.00 price target on the stock. in a research note on Tuesday, October 8th. Barclays increased their price target on shares of CME Group from $219.00 to $231.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 24th. Bank of America increased their price target on shares of CME Group from $177.00 to $180.00 and gave the stock an "underperform" rating in a research note on Thursday, October 3rd. Finally, Piper Sandler increased their price target on shares of CME Group from $240.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $222.73.

Insider Activity

In related news, CFO Lynne Fitzpatrick sold 754 shares of the stock in a transaction dated Sunday, September 15th. The shares were sold at an average price of $216.99, for a total transaction of $163,610.46. Following the completion of the sale, the chief financial officer now owns 13,261 shares in the company, valued at $2,877,504.39. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Lynne Fitzpatrick sold 754 shares of CME Group stock in a transaction that occurred on Sunday, September 15th. The shares were sold at an average price of $216.99, for a total transaction of $163,610.46. Following the transaction, the chief financial officer now owns 13,261 shares of the company's stock, valued at $2,877,504.39. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy S. Bitsberger sold 1,000 shares of CME Group stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $226.96, for a total transaction of $226,960.00. Following the transaction, the director now directly owns 10,589 shares in the company, valued at $2,403,279.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,221 shares of company stock worth $3,351,895. 0.30% of the stock is currently owned by corporate insiders.

CME Group Price Performance

Shares of CME traded down $1.75 during mid-day trading on Friday, hitting $223.61. The company's stock had a trading volume of 1,318,587 shares, compared to its average volume of 1,527,181. The firm has a 50-day moving average price of $220.69 and a 200 day moving average price of $209.49. The stock has a market capitalization of $80.52 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 5.67 and a beta of 0.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. CME Group Inc. has a fifty-two week low of $190.70 and a fifty-two week high of $230.36.

CME Group (NASDAQ:CME - Get Free Report) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.03. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. CME Group had a net margin of 57.34% and a return on equity of 13.39%. The firm's quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm posted $2.25 earnings per share. On average, research analysts predict that CME Group Inc. will post 10.23 EPS for the current fiscal year.

CME Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders 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 2.06%. The ex-dividend date of this dividend was Monday, September 9th. CME Group's dividend payout ratio (DPR) is presently 48.37%.

CME Group Company 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.