CME Group Inc. (NASDAQ:CME) Shares Acquired by Leo Wealth LLC

Leo Wealth LLC increased its holdings in shares of CME Group Inc. (NASDAQ:CME) by 33.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,572 shares of the financial services provider’s stock after purchasing an additional 395 shares during the quarter. Leo Wealth LLC’s holdings in CME Group were worth $365,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its position in shares of CME Group by 0.6% in the third quarter. Harbor Capital Advisors Inc. now owns 7,810 shares of the financial services provider’s stock worth $1,723,000 after acquiring an additional 45 shares in the last quarter. CVA Family Office LLC increased its holdings in CME Group by 11.8% in the 3rd quarter. CVA Family Office LLC now owns 436 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 46 shares in the last quarter. Waldron Private Wealth LLC raised its position in CME Group by 2.0% in the fourth quarter. Waldron Private Wealth LLC now owns 2,362 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 47 shares during the period. First Affirmative Financial Network lifted its stake in shares of CME Group by 2.3% during the fourth quarter. First Affirmative Financial Network now owns 2,141 shares of the financial services provider’s stock worth $497,000 after purchasing an additional 49 shares in the last quarter. Finally, Mather Group LLC. boosted its position in shares of CME Group by 3.5% in the fourth quarter. Mather Group LLC. now owns 1,439 shares of the financial services provider’s stock worth $334,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

CME Group Trading Up 0.2 %

NASDAQ:CME opened at $244.83 on Friday. The company has a market cap of $88.23 billion, a PE ratio of 25.74, a P/E/G ratio of 5.37 and a beta of 0.57. The business’s 50 day moving average is $235.34 and its two-hundred day moving average is $223.63. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09. CME Group Inc. has a 52 week low of $190.70 and a 52 week high of $249.02.

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

CME Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 7th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, March 7th. This is an increase from CME Group’s previous quarterly dividend of $1.15. CME Group’s payout ratio is currently 48.37%.

Analyst Upgrades and Downgrades

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 Monday, January 6th. Oppenheimer lifted their price objective on shares of CME Group from $245.00 to $258.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of CME Group from $227.00 to $226.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Morgan Stanley lifted their price target on shares of CME Group from $210.00 to $233.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, Piper Sandler upped their price objective on shares of CME Group from $250.00 to $258.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $229.27.

CME Group 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.