OneDigital Investment Advisors LLC Invests $675,000 in CME Group Inc. $CME

OneDigital Investment Advisors LLC acquired a new stake in shares of CME Group Inc. (NASDAQ:CME) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,056 shares of the financial services provider’s stock, valued at approximately $675,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of CME Group during the 4th quarter valued at $1,523,241,000. Bank of New York Mellon Corp purchased a new stake in shares of CME Group in the second quarter worth $867,313,000. Victory Capital Management Inc. boosted its stake in CME Group by 746.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,049,649 shares of the financial services provider’s stock valued at $559,720,000 after buying an additional 1,807,491 shares during the period. Bank of America Corp DE grew its position in CME Group by 39.1% during the first quarter. Bank of America Corp DE now owns 4,019,944 shares of the financial services provider’s stock worth $1,187,290,000 after buying an additional 1,130,587 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new position in CME Group during the fourth quarter worth about $217,656,000. Institutional investors own 87.75% of the company’s stock.

Analyst Upgrades and Downgrades

CME has been the topic of several recent analyst reports. Rothschild & Co Redburn raised CME Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $316.00 to $323.00 in a report on Thursday, June 11th. UBS Group cut their price objective on CME Group from $310.00 to $260.00 and set a “buy” rating for the company in a report on Monday, July 6th. The Goldman Sachs Group decreased their price objective on shares of CME Group from $267.00 to $245.00 and set a “sell” rating on the stock in a research report on Tuesday, June 30th. Barclays lowered their target price on shares of CME Group from $316.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 9th. Finally, Wall Street Zen lowered shares of CME Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 1st. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $291.81.

CME Group Stock Up 1.4%

CME opened at $271.54 on Wednesday. CME Group Inc. has a 12 month low of $218.31 and a 12 month high of $329.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $250.82 and its 200-day moving average price is $279.97. The company has a market cap of $97.64 billion, a P/E ratio of 23.03, a P/E/G ratio of 3.14 and a beta of 0.23.

CME Group (NASDAQ:CME) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.08. CME Group had a return on equity of 15.60% and a net margin of 63.30%.The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business posted $2.96 EPS. CME Group’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that CME Group Inc. will post 12.27 EPS for the current year.

CME Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 9th. CME Group’s dividend payout ratio is 44.11%.

Insider Buying and Selling at CME Group

In other news, Director William R. Shepard bought 325 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of $230.57 per share, for a total transaction of $74,935.25. Following the completion of the acquisition, the director owned 260,442 shares of the company’s stock, valued at approximately $60,050,111.94. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

CME Group Company Profile

CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.