CME Group Inc. (CME) Stake Lowered by First Trust Advisors LP
First Trust Advisors LP cut its holdings in CME Group Inc. (NASDAQ:CME) by 81.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,530 shares of the financial services provider’s stock after selling 176,566 shares during the quarter. First Trust Advisors LP’s holdings in CME Group were worth $5,635,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CME. Capital Advisors Inc. OK increased its position in shares of CME Group by 10.7% during the second quarter. Capital Advisors Inc. OK now owns 84,533 shares of the financial services provider’s stock worth $10,587,000 after purchasing an additional 8,198 shares in the last quarter. Marvin & Palmer Associates Inc. increased its position in shares of CME Group by 100.7% during the second quarter. Marvin & Palmer Associates Inc. now owns 57,278 shares of the financial services provider’s stock worth $7,173,000 after purchasing an additional 28,745 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of CME Group during the second quarter worth approximately $693,000. Commerce Bank increased its position in shares of CME Group by 3.8% during the second quarter. Commerce Bank now owns 560,899 shares of the financial services provider’s stock worth $70,247,000 after purchasing an additional 20,449 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of CME Group by 1.8% during the second quarter. Principal Financial Group Inc. now owns 488,477 shares of the financial services provider’s stock worth $61,176,000 after purchasing an additional 8,526 shares in the last quarter. Institutional investors and hedge funds own 82.63% of the company’s stock.
In other news, insider Hilda Harris Piell sold 714 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $129.00, for a total value of $92,106.00. Following the transaction, the insider now owns 28,844 shares of the company’s stock, valued at approximately $3,720,876. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel R. Glickman sold 850 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $126.65, for a total value of $107,652.50. Following the completion of the transaction, the director now directly owns 13,799 shares in the company, valued at approximately $1,747,643.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,339 shares of company stock worth $1,548,086. Corporate insiders own 0.57% of the company’s stock.
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CME has been the subject of several research reports. BidaskClub cut CME Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada set a $135.00 price target on CME Group and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $127.00 price target on shares of CME Group in a research report on Friday, August 18th. UBS AG reiterated a “buy” rating and set a $135.00 price target (up from $134.00) on shares of CME Group in a research report on Wednesday, September 6th. Finally, Barclays PLC initiated coverage on CME Group in a research report on Friday, September 8th. They set an “overweight” rating and a $139.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $141.75.
CME Group Inc. (NASDAQ CME) opened at $139.67 on Thursday. The firm has a market capitalization of $47,543.92, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. CME Group Inc. has a 12 month low of $111.19 and a 12 month high of $141.44.
CME Group (NASDAQ:CME) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The business had revenue of $890.80 million for the quarter, compared to analyst estimates of $890.22 million. During the same quarter in the prior year, the company posted $1.05 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. equities analysts forecast that CME Group Inc. will post 4.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 8th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, December 7th. CME Group’s dividend payout ratio (DPR) is presently 59.86%.
CME Group 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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