CME Group Inc. (CME) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CME Group Inc. (NASDAQ:CME) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,973 shares of the financial services provider’s stock after purchasing an additional 2,470 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CME Group were worth $10,037,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in CME Group by 13,530.7% in the second quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock worth $770,227,000 after acquiring an additional 6,104,897 shares in the last quarter. Fiera Capital Corp raised its position in CME Group by 243.9% in the second quarter. Fiera Capital Corp now owns 1,926,918 shares of the financial services provider’s stock worth $241,327,000 after acquiring an additional 1,366,557 shares in the last quarter. Wells Fargo & Company MN raised its position in CME Group by 25.5% in the second quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock worth $548,496,000 after acquiring an additional 889,217 shares in the last quarter. BT Investment Management Ltd bought a new stake in CME Group in the second quarter worth about $95,104,000. Finally, Pioneer Investment Management Inc. raised its position in CME Group by 1,359.5% in the second quarter. Pioneer Investment Management Inc. now owns 697,380 shares of the financial services provider’s stock worth $87,340,000 after acquiring an additional 649,599 shares in the last quarter. 82.58% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on CME. BidaskClub upgraded shares of CME Group from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $127.00 price target on shares of CME Group in a research report on Friday, August 18th. Citigroup Inc. boosted their price target on shares of CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. UBS AG reiterated a “buy” rating and issued a $135.00 price target (up from $134.00) on shares of CME Group in a research report on Wednesday, September 6th. Finally, Royal Bank Of Canada set a $135.00 price target on shares of CME Group and gave the stock a “buy” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $141.75.
In other CME Group news, Director Daniel R. Glickman sold 850 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $126.65, for a total transaction of $107,652.50. Following the sale, the director now owns 13,799 shares in the company, valued at approximately $1,747,643.35. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO John W. Pietrowicz sold 5,175 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $139.70, for a total value of $722,947.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,939 shares of company stock worth $1,910,968. Corporate insiders own 0.57% of the company’s stock.
Shares of CME Group Inc. (NASDAQ:CME) opened at $141.86 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $48,110.24, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. CME Group Inc. has a twelve month low of $111.19 and a twelve month high of $143.99.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The firm had revenue of $890.80 million for the quarter, compared to the consensus estimate of $890.22 million. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. equities analysts expect that CME Group Inc. will post 4.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.64 annualized dividend and a yield of 1.86%. CME Group’s payout ratio is presently 59.86%.
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CME Group Company Profile
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.
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