CME Group Inc. (CME) Stake Raised by Stifel Financial Corp
Stifel Financial Corp grew its position in shares of CME Group Inc. (NASDAQ:CME) by 20.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,781 shares of the financial services provider’s stock after buying an additional 9,489 shares during the quarter. Stifel Financial Corp’s holdings in CME Group were worth $7,025,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of CME. Madison Investment Holdings Inc. boosted its holdings in CME Group by 2.8% in the first quarter. Madison Investment Holdings Inc. now owns 144,806 shares of the financial services provider’s stock worth $17,203,000 after purchasing an additional 4,000 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its holdings in CME Group by 1.6% in the first quarter. Aberdeen Asset Management PLC UK now owns 671,069 shares of the financial services provider’s stock worth $79,723,000 after purchasing an additional 10,491 shares during the last quarter. GWM Advisors LLC boosted its holdings in CME Group by 1,563.8% in the first quarter. GWM Advisors LLC now owns 39,150 shares of the financial services provider’s stock worth $4,607,000 after purchasing an additional 36,797 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in CME Group in the first quarter worth approximately $1,617,000. Finally, NN Investment Partners Holdings N.V. boosted its holdings in CME Group by 324.7% in the first quarter. NN Investment Partners Holdings N.V. now owns 75,577 shares of the financial services provider’s stock worth $8,978,000 after purchasing an additional 57,780 shares during the last quarter. Hedge funds and other institutional investors own 82.64% of the company’s stock.
CME Group Inc. (NASDAQ CME) opened at 138.02 on Friday. The company has a market capitalization of $46.91 billion, a P/E ratio of 28.17 and a beta of 0.73. The firm has a 50-day moving average of $130.30 and a 200 day moving average of $123.13. CME Group Inc. has a 52-week low of $98.95 and a 52-week high of $138.34.
CME Group (NASDAQ:CME) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.20 by $0.03. The business had revenue of $925.00 million for the quarter, compared to the consensus estimate of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. Equities analysts predict that CME Group Inc. will post $4.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, September 7th. CME Group’s dividend payout ratio (DPR) is currently 53.99%.
Several brokerages recently issued reports on CME. Wells Fargo & Company raised their target price on shares of CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday. BidaskClub upgraded shares of CME Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $133.00 target price on shares of CME Group in a report on Thursday, September 21st. Barclays PLC began coverage on shares of CME Group in a report on Friday, September 8th. They issued an “overweight” rating and a $139.00 target price on the stock. Finally, UBS AG restated a “buy” rating and issued a $135.00 target price (up previously from $134.00) on shares of CME Group in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $134.78.
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In related news, CFO John W. Pietrowicz sold 2,500 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $124.50, for a total transaction of $311,250.00. Following the sale, the chief financial officer now directly owns 38,495 shares of the company’s stock, valued at $4,792,627.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Terrence A. Duffy sold 21,815 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $123.89, for a total transaction of $2,702,660.35. Following the sale, the chairman now directly owns 110,711 shares in the company, valued at $13,715,985.79. The disclosure for this sale can be found here. Insiders sold a total of 48,244 shares of company stock worth $6,021,890 over the last ninety days. Insiders own 0.57% 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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