First PREMIER Bank Sells 1,014 Shares of CME Group Inc (CME)
First PREMIER Bank cut its position in CME Group Inc (NASDAQ:CME) by 23.5% in the fourth quarter, HoldingsChannel reports. The firm owned 3,292 shares of the financial services provider’s stock after selling 1,014 shares during the period. First PREMIER Bank’s holdings in CME Group were worth $481,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CME. Janus Henderson Group PLC raised its holdings 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 purchasing an additional 6,104,897 shares in the last quarter. Capital International Investors raised its holdings in CME Group by 11.4% in the third quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock worth $1,694,514,000 after purchasing an additional 1,279,058 shares in the last quarter. BT Investment Management Ltd bought a new position in CME Group in the second quarter worth about $95,104,000. Atlantic Trust Group LLC raised its holdings in CME Group by 1,943.2% in the third quarter. Atlantic Trust Group LLC now owns 606,942 shares of the financial services provider’s stock worth $82,349,000 after purchasing an additional 577,237 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in CME Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 22,795,894 shares of the financial services provider’s stock worth $2,854,958,000 after purchasing an additional 563,460 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.
In related news, CFO John W. Pietrowicz sold 7,500 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $151.50, for a total value of $1,136,250.00. Following the transaction, the chief financial officer now owns 32,376 shares in the company, valued at approximately $4,904,964. The sale 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 stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $139.70, for a total transaction of $722,947.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,603 shares of company stock worth $6,250,726. 0.57% of the stock is owned by corporate insiders.
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, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. CME Group had a net margin of 40.94% and a return on equity of 7.89%. The firm had revenue of $890.80 million for the quarter, compared to the consensus estimate of $890.22 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. research analysts expect that CME Group Inc will post 4.76 EPS for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, December 28th will be issued a $3.50 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This is an increase from CME Group’s previous dividend of $3.25. CME Group’s dividend payout ratio is 59.86%.
Several equities analysts have recently issued reports on the stock. Citigroup upped their price objective on shares of CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 19th. 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 set a $133.00 price objective on shares of CME Group in a report on Thursday, September 21st. Barclays upped their price objective on shares of CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of CME Group from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $144.22.
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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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