State Board of Administration of Florida Retirement System Purchases 2,290 Shares of CME Group Inc. (CME)
State Board of Administration of Florida Retirement System grew its position in shares of CME Group Inc. (NASDAQ:CME) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 508,489 shares of the financial services provider’s stock after acquiring an additional 2,290 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.15% of CME Group worth $68,992,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CME. Fiduciary Trust Co. acquired a new position in CME Group during the 2nd quarter worth approximately $105,000. Quadrant Capital Group LLC boosted its position in CME Group by 13.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 944 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 113 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in CME Group during the 2nd quarter worth approximately $129,000. Whittier Trust Co. boosted its position in CME Group by 2.6% during the 2nd quarter. Whittier Trust Co. now owns 1,057 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 27 shares during the last quarter. Finally, People s United Financial Inc. boosted its position in CME Group by 11.5% during the 2nd quarter. People s United Financial Inc. now owns 1,063 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 110 shares during the last quarter. 82.79% of the stock is owned by hedge funds and other institutional investors.
CME Group Inc. (NASDAQ CME) traded up $4.21 during mid-day trading on Friday, reaching $140.35. The company’s stock had a trading volume of 999,354 shares, compared to its average volume of 1,283,620. The stock has a market cap of $47,689.65, a P/E ratio of 29.35 and a beta of 0.71.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.03. The company had revenue of $890.80 million for the quarter, compared to analyst estimates of $890.22 million. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 earnings per share. equities analysts predict that CME Group Inc. will post 4.8 EPS for the current fiscal year.
In related news, CFO John W. Pietrowicz sold 2,500 shares of CME Group stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $136.83, for a total value of $342,075.00. The transaction was disclosed in a document filed 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 stock was sold at an average price of $125.13, for a total value of $1,151,196.00. Following the completion of the transaction, the president now directly owns 70,938 shares in the company, valued at $8,876,471.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,479 shares of company stock worth $3,498,921. 0.57% of the stock is owned by insiders.
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Several equities research analysts have recently commented on the company. BidaskClub downgraded CME Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Citigroup Inc. increased their price objective on CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Royal Bank Of Canada increased their price objective on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Barclays PLC increased their price objective on CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Finally, Wells Fargo & Company increased their price objective on CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $138.89.
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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