Rockefeller Capital Management L.P. Cuts Holdings in CME Group Inc. (NASDAQ:CME)

Rockefeller Capital Management L.P. lessened its position in shares of CME Group Inc. (NASDAQ:CME) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,528 shares of the financial services provider’s stock after selling 2,759 shares during the period. Rockefeller Capital Management L.P.’s holdings in CME Group were worth $24,166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CME. Vinva Investment Management Ltd increased its position in shares of CME Group by 10.0% in the third quarter. Vinva Investment Management Ltd now owns 16,526 shares of the financial services provider’s stock worth $3,608,000 after acquiring an additional 1,509 shares in the last quarter. Financial Counselors Inc. increased its holdings in CME Group by 3.3% in the 3rd quarter. Financial Counselors Inc. now owns 4,597 shares of the financial services provider’s stock valued at $1,014,000 after purchasing an additional 145 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in CME Group by 5.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 144,453 shares of the financial services provider’s stock valued at $31,874,000 after purchasing an additional 7,945 shares during the period. CreativeOne Wealth LLC raised its position in CME Group by 215.6% in the third quarter. CreativeOne Wealth LLC now owns 8,389 shares of the financial services provider’s stock valued at $1,851,000 after purchasing an additional 5,731 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of CME Group by 3.9% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 303,300 shares of the financial services provider’s stock worth $66,923,000 after purchasing an additional 11,300 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CME. Royal Bank of Canada reiterated a “sector perform” rating and set a $235.00 target price on shares of CME Group in a report on Thursday, October 24th. Bank of America upped their target price on shares of CME Group from $177.00 to $180.00 and gave the company an “underperform” rating in a research note on Thursday, October 3rd. Redburn Atlantic lowered shares of CME Group from a “buy” rating to a “neutral” rating and set a $244.00 price objective on the stock. in a report on Tuesday, October 8th. Piper Sandler raised their target price on CME Group from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, Citigroup boosted their price target on CME Group from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $224.47.

CME Group Price Performance

NASDAQ:CME opened at $238.00 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average price is $225.55 and its 200 day moving average price is $211.94. CME Group Inc. has a 52-week low of $190.70 and a 52-week high of $238.97. The firm has a market cap of $85.77 billion, a P/E ratio of 25.03, a PEG ratio of 5.47 and a beta of 0.55.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.03. CME Group had a net margin of 57.34% and a return on equity of 13.39%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company posted $2.25 EPS. The business’s revenue was up 18.4% compared to the same quarter last year. As a group, sell-side analysts predict that CME Group Inc. will post 10.22 earnings per share for the current fiscal year.

CME Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, December 9th. CME Group’s dividend payout ratio is presently 48.37%.

Insider Buying and Selling

In other news, CFO Lynne Fitzpatrick sold 754 shares of the business’s 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 sale, the chief financial officer now owns 13,261 shares in the company, valued at $2,877,504.39. The trade was a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 owns 10,589 shares in the company, valued at approximately $2,403,279.44. The trade was a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,028 shares of company stock worth $1,811,681 in the last three months. 0.30% of the stock is currently owned by insiders.

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.