The Vanguard Group, Inc. recently announced the acquisition of new stake in CME Group Inc. (NASDAQ:CME). The institutional investor has increased its shareholding in the Financial company by 1.09% to 31.61 million shares with purchase of 0.34 million shares. This fresh investment now brings its stake to 8.79% valued currently at $5.87 billion. In addition, BlackRock Fund Advisors raised its holdings by 0.95 million to 17.98 million shares. And SSgA Funds Management, Inc. has lifted its position by 1.25% or 0.19 million shares – to 15.83 million shares.
With over 1.32 million CME Group Inc. (CME) shares trading Tuesday and a closing price of $179.08 on the day, the dollar volume was approximately $235.73 million. The shares have shown a positive half year performance of 6.58% and its price on 05/23/23 lost nearly -1.57%. Currently, there are 358.93M common shares owned by the public and among those 358.10M shares have been available to trade.
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Insiders at the company have transacted a total of 108 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 56 of these insider trades were purchases, accounting for 151,369 shares. Insider sales of the common stock occurred on 52 occasions, with total insider shares sold totaling 52,527 shares.
The top 3 mutual fund holders in CME Group Inc. are Vanguard Total Stock Market ETF, Washington Mutual Investors Fund, and American Funds Income Fund of Ame. Vanguard Total Stock Market ETF owns 11.14 million shares of the company’s stock, all valued at over $2.07 billion. The company bought an additional 72454.0 shares recently to bring their total holdings to about 3.10% of the shares outstanding. Washington Mutual Investors Fund bought 0.82 million shares to see its total holdings expand to 9.25 million shares valued at over $1.72 billion and representing 2.57% of the shares outstanding. American Funds Income Fund of Ame bought 1.28 million shares to bring its total holdings to over 8.86 million shares at a value of $1.65 billion. American Funds Income Fund of Ame now owns shares totaling to 2.46% of the shares outstanding.
Shares of CME Group Inc. (NASDAQ: CME) opened at $181.81, down -$0.12 from a prior closing price of $181.93. However, the script later moved the day high at 182.39, down -1.57%. The company’s stock has a 5-day price change of -1.38% and -4.24% over the past three months. CME shares are trading 6.49% year to date (YTD), with the 12-month market performance down to -4.30% lower. It has a 12-month low price of $162.26 and touched a high of $206.58 over the same period. CME has an average intraday trading volume of 1.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.77%, -4.01%, and -0.61% respectively.
Institutional ownership of CME Group Inc. (NASDAQ: CME) shares accounts for 88.20% of the company’s 358.93M shares outstanding. Mutual fund holders own 36.05%, while other institutional holders and individual stakeholders account for 53.53% and 1.96% respectively.
It has a market capitalization of $64.41B and a beta (3y monthly) value of 0.42. The stock’s trailing 12-month PE ratio is 22.75, while the earnings-per-share (ttm) stands at $7.87. The company has a PEG of 5.02 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.45% over the week and 1.56% over the month.
Analysts forecast that CME Group Inc. (CME) will achieve an EPS of $2.07 for the current quarter, $2.14 for the next quarter and $8.94 for 2024. The lowest estimate earnings-per-share for the quarter is $1.99 while analysts give the company a high EPS estimate of $2.2. Comparatively, EPS for the current quarter was $1.97 a year ago. Earnings per share for the fiscal year are expected to increase by 1.50%, and 2.43% over the next financial year. EPS should grow at an annualized rate of 4.53% over the next five years, compared to -8.70% over the past 5-year period.
