Robeco Institutional Asset Management B.V. grew its stake in shares of CME Group Inc. (NASDAQ:CME) by 110.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,986 shares of the financial services provider’s stock after acquiring an additional 45,661 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in CME Group were worth $11,802,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Guardian Life Insurance Co. of America raised its position in shares of CME Group by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,309 shares of the financial services provider’s stock worth $156,000 after buying an additional 9 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its position in shares of CME Group by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 2,937 shares of the financial services provider’s stock worth $368,000 after buying an additional 13 shares in the last quarter. Hudock Capital Group LLC raised its position in shares of CME Group by 0.5% in the second quarter. Hudock Capital Group LLC now owns 3,890 shares of the financial services provider’s stock worth $487,000 after buying an additional 20 shares in the last quarter. Whittier Trust Co. raised its position in shares of CME Group by 2.6% in the second quarter. Whittier Trust Co. now owns 1,057 shares of the financial services provider’s stock worth $133,000 after buying an additional 27 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its position in shares of CME Group by 0.4% in the second quarter. Ropes Wealth Advisors LLC now owns 10,801 shares of the financial services provider’s stock worth $1,353,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.
In related news, CFO John W. Pietrowicz sold 2,500 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John W. Pietrowicz sold 5,175 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $139.70, for a total value of $722,947.50. The disclosure for this sale can be found here. Insiders have sold 11,339 shares of company stock worth $1,548,086 over the last ninety days. Insiders own 0.57% of the company’s stock.
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A number of equities research analysts recently issued reports on the company. BidaskClub downgraded CME Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Citigroup Inc. raised their price target on CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Royal Bank of Canada raised their price target on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Barclays PLC raised their price target on CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Finally, Wells Fargo & Company raised their price target on CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $138.89.
Shares of CME Group Inc. (CME) traded down $0.16 during trading hours on Friday, hitting $137.88. The stock had a trading volume of 750,100 shares, compared to its average volume of 1,365,295. CME Group Inc. has a 52-week low of $111.19 and a 52-week high of $141.07. The company has a market capitalization of $46,811.43, a PE ratio of 28.88, a P/E/G ratio of 2.82 and a beta of 0.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.11.
CME Group (NASDAQ:CME) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The firm had revenue of $890.80 million for the quarter, compared to analysts’ expectations of $890.22 million. During the same period last year, the firm earned $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 4.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.66 per share. The ex-dividend date is Thursday, December 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.91%. CME Group’s dividend payout ratio (DPR) is currently 59.86%.
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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