Procyon Advisors LLC Has $4.42 Million Stock Holdings in CME Group Inc. (NASDAQ:CME)

Procyon Advisors LLC increased its position in CME Group Inc. (NASDAQ:CME) by 28.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,963 shares of the financial services provider’s stock after acquiring an additional 4,679 shares during the quarter. Procyon Advisors LLC’s holdings in CME Group were worth $4,415,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. OFI Invest Asset Management acquired a new position in CME Group in the 3rd quarter valued at approximately $25,000. MayTech Global Investments LLC acquired a new stake in CME Group in the fourth quarter valued at $25,000. Power Corp of Canada bought a new position in CME Group during the 1st quarter worth $26,000. Providence Capital Advisors LLC acquired a new position in CME Group during the 1st quarter worth about $30,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of CME Group in the 3rd quarter valued at about $37,000. Institutional investors own 87.75% of the company’s stock.

CME Group Stock Down 0.9 %

CME traded down $1.88 during midday trading on Thursday, hitting $213.72. The company had a trading volume of 181,616 shares, compared to its average volume of 1,761,047. The company has a market capitalization of $76.94 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 3.36 and a beta of 0.49. The stock’s 50 day moving average price is $211.90 and its 200 day moving average price is $210.82. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. CME Group Inc. has a 52 week low of $175.73 and a 52 week high of $223.80.

CME Group (NASDAQ:CME) last posted its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.10. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. CME Group had a return on equity of 12.32% and a net margin of 57.83%. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.92 EPS. On average, research analysts anticipate that CME Group Inc. will post 9.63 earnings per share for the current fiscal year.

CME Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a $1.15 dividend. The ex-dividend date was Thursday, March 7th. This represents a $4.60 annualized dividend and a yield of 2.15%. This is an increase from CME Group’s previous quarterly dividend of $1.10. CME Group’s dividend payout ratio (DPR) is presently 51.86%.

Wall Street Analysts Forecast Growth

CME has been the subject of a number of analyst reports. The Goldman Sachs Group downgraded CME Group from a “neutral” rating to a “sell” rating and set a $195.00 price objective for the company. in a research report on Wednesday, January 3rd. Rosenblatt Securities restated a “sell” rating and issued a $180.00 price target on shares of CME Group in a research report on Thursday, January 4th. Barclays upped their price objective on shares of CME Group from $222.00 to $225.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Finally, Argus lifted their target price on shares of CME Group from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $217.30.

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.