CME Group Inc. (NASDAQ:CME) Shares Purchased by TFC Financial Management Inc.

TFC Financial Management Inc. increased its stake in shares of CME Group Inc. (NASDAQ:CME) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 592 shares of the financial services provider’s stock after purchasing an additional 46 shares during the quarter. TFC Financial Management Inc.’s holdings in CME Group were worth $137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in CME Group in the fourth quarter valued at $232,000. Naples Global Advisors LLC lifted its holdings in CME Group by 6.3% in the fourth quarter. Naples Global Advisors LLC now owns 2,550 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 150 shares during the period. Avion Wealth lifted its holdings in CME Group by 68.1% in the fourth quarter. Avion Wealth now owns 195 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 79 shares during the period. Lester Murray Antman dba SimplyRich lifted its holdings in CME Group by 1.3% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 8,172 shares of the financial services provider’s stock valued at $1,897,000 after acquiring an additional 106 shares during the period. Finally, Avidian Wealth Enterprises LLC raised its stake in shares of CME Group by 2.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,769 shares of the financial services provider’s stock worth $411,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CME shares. Oppenheimer lifted their price target on CME Group from $245.00 to $258.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Morgan Stanley lifted their price objective on CME Group from $210.00 to $233.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods dropped their price objective on CME Group from $260.00 to $256.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Piper Sandler lifted their price objective on CME Group from $250.00 to $258.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Finally, Barclays lifted their price objective on CME Group from $231.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $229.27.

CME Group Stock Performance

NASDAQ CME opened at $248.96 on Thursday. The firm has a market capitalization of $89.72 billion, a P/E ratio of 26.18, a P/E/G ratio of 5.54 and a beta of 0.57. CME Group Inc. has a 1-year low of $190.70 and a 1-year high of $253.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50-day simple moving average is $235.62 and its 200-day simple moving average is $224.91.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.06. CME Group had a return on equity of 13.39% and a net margin of 57.34%. Equities analysts predict that CME Group Inc. will post 10.18 EPS for the current year.

CME Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 7th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from CME Group’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.01%. CME Group’s payout ratio is 48.37%.

CME Group declared that its board has approved a stock repurchase program on Thursday, December 5th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 3.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

About CME Group

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.