Pekin Singer Strauss Asset Management IL Has $1.72 Million Stake in CME Group Inc. (CME)
Pekin Singer Strauss Asset Management IL increased its stake in CME Group Inc. (NASDAQ:CME) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 13,692 shares of the financial services provider’s stock after buying an additional 64 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in CME Group were worth $1,715,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CME. Huntington National Bank raised 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 in the last quarter. Coconut Grove Bank raised 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 in the last quarter. Whittier Trust Co. raised 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 in the last quarter. Parallel Advisors LLC raised 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 in the last quarter. Finally, RidgeWorth Capital Management LLC raised 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 in the last quarter. Institutional investors own 83.29% of the company’s stock.
Shares of CME Group Inc. (NASDAQ:CME) opened at 123.26 on Friday. The company has a market cap of $41.90 billion, a PE ratio of 25.16 and a beta of 0.73. CME Group Inc. has a 52 week low of $98.95 and a 52 week high of $127.96. The stock’s 50 day moving average price is $123.41 and its 200-day moving average price is $120.96.
CME Group (NASDAQ:CME) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The company had revenue of $925 million for the quarter, compared to analysts’ expectations of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. CME Group’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share. Analysts expect that CME Group Inc. will post $4.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a dividend of $0.66 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 2.14%. CME Group’s payout ratio is 53.99%.
Several brokerages recently issued reports on CME. Royal Bank Of Canada boosted their price objective on CME Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 20th. Deutsche Bank AG decreased their price objective on CME Group from $139.00 to $136.00 and set a “buy” rating for the company in a research report on Tuesday, July 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $128.00 price objective on shares of CME Group in a research report on Monday, July 10th. BidaskClub upgraded CME Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research cut CME Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. CME Group currently has a consensus rating of “Hold” and an average price target of $131.63.
In related news, insider Sunil Cutinho sold 10,265 shares of CME Group stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $117.85, for a total transaction of $1,209,730.25. Following the transaction, the insider now owns 21,690 shares of the company’s stock, valued at $2,556,166.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Bryan T. Durkin sold 9,200 shares of CME Group stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $125.13, for a total value of $1,151,196.00. Following the transaction, the president now directly owns 70,938 shares in the company, valued at approximately $8,876,471.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,085 shares of company stock worth $11,242,896. 0.61% of the stock is owned by insiders.
About CME Group
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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