CME Group Inc. (CME) Stake Lowered by Atria Investments LLC
Atria Investments LLC decreased its stake in shares of CME Group Inc. (NASDAQ:CME) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,309 shares of the financial services provider’s stock after selling 6 shares during the period. Atria Investments LLC’s holdings in CME Group were worth $289,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Huntington National Bank boosted its position in shares of CME Group by 4.7% in the first quarter. Huntington National Bank now owns 851 shares of the financial services provider’s stock valued at $100,000 after buying an additional 38 shares during the period. Coconut Grove Bank boosted its position in shares of CME Group by 95.7% in the first quarter. Coconut Grove Bank now owns 900 shares of the financial services provider’s stock valued at $107,000 after buying an additional 440 shares during the period. Whittier Trust Co. boosted its position in shares of CME Group by 12.6% in the first quarter. Whittier Trust Co. now owns 1,030 shares of the financial services provider’s stock valued at $122,000 after buying an additional 115 shares during the period. Parallel Advisors LLC boosted its position in shares of CME Group by 4.1% in the first quarter. Parallel Advisors LLC now owns 1,084 shares of the financial services provider’s stock valued at $128,000 after buying an additional 43 shares during the period. Finally, RidgeWorth Capital Management LLC boosted its position in shares of CME Group by 55.5% in the first quarter. RidgeWorth Capital Management LLC now owns 1,138 shares of the financial services provider’s stock valued at $135,000 after buying an additional 406 shares during the period. Institutional investors and hedge funds own 83.07% of the company’s stock.
Shares of CME Group Inc. (NASDAQ:CME) opened at 120.57 on Monday. The stock has a market capitalization of $40.97 billion, a price-to-earnings ratio of 26.10 and a beta of 0.74. The firm’s 50-day moving average is $120.94 and its 200-day moving average is $119.90. CME Group Inc. has a one year low of $98.95 and a one year high of $127.96.
CME Group (NASDAQ:CME) last announced its earnings results on Thursday, April 27th. The financial services provider reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. The business had revenue of $929 million during the quarter, compared to the consensus estimate of $932.06 million. CME Group had a return on equity of 7.43% and a net margin of 43.62%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 EPS. Equities research analysts forecast that CME Group Inc. will post $4.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Friday, June 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, June 7th. CME Group’s payout ratio is 57.14%.
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Several brokerages have recently weighed in on CME. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $127.00 price objective on shares of CME Group in a research note on Friday. Citigroup Inc. began coverage on shares of CME Group in a research note on Wednesday, July 12th. They issued a “buy” rating and a $140.00 price objective on the stock. Zacks Investment Research lowered shares of CME Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Jefferies Group LLC reissued a “buy” rating and issued a $128.00 target price on shares of CME Group in a report on Monday, July 10th. Finally, Deutsche Bank AG reduced their target price on shares of CME Group from $139.00 to $136.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $127.33.
In related news, Director Dennis Suskind sold 1,099 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $115.29, for a total transaction of $126,703.71. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $576,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy S. Bitsberger sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $125.93, for a total value of $100,744.00. Following the sale, the director now owns 9,024 shares of the company’s stock, valued at $1,136,392.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,754 shares of company stock valued at $5,955,724. Corporate insiders own 0.61% of the company’s stock.
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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