National Pension Service raised its position in CME Group Inc. (NASDAQ:CME) by 9.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,242 shares of the financial services provider’s stock after buying an additional 24,999 shares during the period. National Pension Service owned about 0.08% of CME Group worth $34,916,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its stake in CME Group by 4.7% in the first quarter. Huntington National Bank now owns 851 shares of the financial services provider’s stock worth $100,000 after buying an additional 38 shares in the last quarter. Coconut Grove Bank boosted its stake in CME Group by 95.7% in the first quarter. Coconut Grove Bank now owns 900 shares of the financial services provider’s stock worth $107,000 after buying an additional 440 shares in the last quarter. Whittier Trust Co. boosted its stake in CME Group by 12.6% in the first quarter. Whittier Trust Co. now owns 1,030 shares of the financial services provider’s stock worth $122,000 after buying an additional 115 shares in the last quarter. Parallel Advisors LLC boosted its stake in CME Group by 4.1% in the first quarter. Parallel Advisors LLC now owns 1,084 shares of the financial services provider’s stock worth $128,000 after buying an additional 43 shares in the last quarter. Finally, RidgeWorth Capital Management LLC boosted its stake in 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 worth $135,000 after buying an additional 406 shares in the last quarter. Institutional investors own 83.17% of the company’s stock.
Shares of CME Group Inc. (NASDAQ CME) opened at 125.83 on Friday. The company has a market capitalization of $42.60 billion, a PE ratio of 25.68 and a beta of 0.73. The firm has a 50-day moving average price of $123.71 and a 200-day moving average price of $120.57. CME Group Inc. has a 12 month low of $98.95 and a 12 month high of $127.96.
CME Group (NASDAQ:CME) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The firm had revenue of $925 million during 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%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS. On average, equities research analysts predict that CME Group Inc. will post $4.82 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.64 annualized dividend and a yield of 2.10%. CME Group’s dividend payout ratio is presently 53.99%.
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A number of analysts have recently issued reports on the company. BidaskClub cut CME Group from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. 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. Jefferies Group LLC restated a “buy” rating and set a $134.00 price objective (up from $128.00) on shares of CME Group in a research report on Monday, July 17th. Zacks Investment Research cut CME Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, UBS AG reiterated a “buy” rating and issued a $134.00 price target (down from $136.00) on shares of CME Group in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. CME Group currently has an average rating of “Hold” and an average price target of $131.63.
In other news, Chairman Terrence A. Duffy sold 21,815 shares of CME Group stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $123.89, for a total value of $2,702,660.35. Following the transaction, the chairman now owns 110,711 shares in the company, valued at approximately $13,715,985.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO John W. Pietrowicz sold 2,500 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $124.50, for a total value of $311,250.00. Following the sale, the chief financial officer now owns 38,495 shares in the company, valued at approximately $4,792,627.50. The disclosure for this sale can be found here. Insiders sold a total of 69,770 shares of company stock valued at $8,569,114 over the last ninety days. Insiders own 0.61% 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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