The Checchi Capital Advisers LLC Has $524,000 Stake in CME Group Inc (CME)

The Checchi Capital Advisers LLC Has $524,000 Stake in CME Group Inc (CME)

Several other large investors have also recently modified their holdings of the company. Princeton Alpha Management LP boosted its stake in CME Group by 60.6% in the first quarter. Princeton Alpha Management LP now owns 12,978 shares of the financial services provider’s stock worth $1,542,000 after buying an additional 4,898 shares in the last quarter. Pekin Singer Strauss Asset Management IL boosted its stake in CME Group by 3.0% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 13,628 shares of the financial services provider’s stock worth $1,619,000 after buying an additional 395 shares in the last quarter. HPM Partners LLC bought a new stake in CME Group during the first quarter worth about $212,000. Girard Partners LTD. boosted its stake in CME Group by 2.3% in the first quarter. Girard Partners LTD. now owns 2,234 shares of the financial services provider’s stock worth $265,000 after buying an additional 50 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in CME Group by 7.4% in the first quarter. Daiwa Securities Group Inc. now owns 9,450 shares of the financial services provider’s stock worth $1,123,000 after buying an additional 650 shares in the last quarter. 80.06% of the stock is currently owned by institutional investors and hedge funds.

Checchi Capital Advisers LLC decreased its position in CME Group Inc (NASDAQ:CME) by 9.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,408 shares of the financial services provider’s stock after selling 452 shares during the period. Checchi Capital Advisers LLC’s holdings in CME Group were worth $524,000 as of its most recent filing with the SEC.

CME Group Inc (NASDAQ:CME) opened at 116.93 on Monday. The stock has a market cap of $39.73 billion, a price-to-earnings ratio of 25.31 and a beta of 0.88. The stock’s 50 day moving average price is $117.49 and its 200 day moving average price is $118.75. CME Group Inc has a 12-month low of $92.29 and a 12-month high of $127.60.

CME Group (NASDAQ:CME) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. CME Group had a return on equity of 7.28% and a net margin of 42.67%. The business had revenue of $929 million for the quarter, compared to the consensus estimate of $932.06 million. During the same quarter in the previous year, the company posted $1.15 earnings per share. CME Group’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts forecast that CME Group Inc will post $4.86 EPS for the current fiscal year. The firm also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Friday, June 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, June 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.26%. CME Group’s dividend payout ratio is 52.98%.

A number of equities research analysts recently issued reports on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $133.00 price target (down previously from $134.00) on shares of CME Group in a research note on Monday, May 15th. Royal Bank of Canada decreased their price objective on CME Group from $133.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, May 1st. Zacks Investment Research upgraded CME Group from a “sell” rating to a “hold” rating in a report on Monday, March 20th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $128.00 price objective on shares of CME Group in a report on Saturday, March 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. CME Group has a consensus rating of “Hold” and a consensus price target of $116.88. In related news, insider Hilda Harris Piell sold 3,043 shares of CME Group stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $124.26, for a total transaction of $378,123.18. Following the completion of the sale, the insider now owns 26,082 shares of the company’s stock, valued at $3,240,949.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sunil Cutinho sold 10,265 shares of CME Group stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $117.85, for a total value of $1,209,730.25. Following the sale, the insider now directly owns 21,690 shares of the company’s stock, valued at approximately $2,556,166.50. The disclosure for this sale can be found here. Insiders have sold 16,907 shares of company stock worth $2,009,182 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

About CME Group CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CME”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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