IFM Investors Pty Ltd Purchases Shares of 9,499 CME Group Inc (CME)

IFM Investors Pty Ltd purchased a new stake in CME Group Inc (NASDAQ:CME) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,499 shares of the financial services provider’s stock, valued at approximately $1,289,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CME. IFP Advisors Inc increased its holdings in CME Group by 2.4% during the 2nd quarter. IFP Advisors Inc now owns 2,998 shares of the financial services provider’s stock worth $375,000 after acquiring an additional 71 shares during the period. Global X Management Co. LLC increased its holdings in CME Group by 7.2% during the 2nd quarter. Global X Management Co. LLC now owns 7,067 shares of the financial services provider’s stock worth $885,000 after acquiring an additional 472 shares during the period. Sigma Planning Corp increased its holdings in CME Group by 7.6% during the 2nd quarter. Sigma Planning Corp now owns 3,642 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 256 shares during the period. Wedbush Securities Inc. increased its holdings in CME Group by 22.6% during the 2nd quarter. Wedbush Securities Inc. now owns 4,330 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 798 shares during the period. Finally, Pitcairn Co. increased its holdings in CME Group by 2.2% during the 2nd quarter. Pitcairn Co. now owns 3,317 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 70 shares during the period. 83.17% of the stock is currently owned by institutional investors.

In other news, insider Kimberly S. Taylor sold 8,125 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $150.00, for a total value of $1,218,750.00. Following the completion of the sale, the insider now owns 120,590 shares of the company’s stock, valued at approximately $18,088,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Winkler sold 2,457 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $150.41, for a total transaction of $369,557.37. Following the completion of the sale, the insider now directly owns 16,318 shares of the company’s stock, valued at approximately $2,454,390.38. The disclosure for this sale can be found here. In the last three months, insiders sold 36,628 shares of company stock valued at $5,288,800. Corporate insiders own 0.57% of the company’s stock.

CME has been the topic of a number of analyst reports. Citigroup upped their target price on shares of CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. BidaskClub lowered shares of CME Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. UBS reaffirmed a “buy” rating and set a $135.00 target price (up previously from $134.00) on shares of CME Group in a report on Wednesday, September 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $127.00 target price on shares of CME Group in a report on Friday, August 18th. Finally, Wells Fargo & Company upped their target price on shares of CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. CME Group has an average rating of “Buy” and a consensus price target of $141.75.

CME Group Inc (CME) opened at $153.03 on Wednesday. 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 Inc has a 12 month low of $113.27 and a 12 month high of $155.29. The company has a market cap of $51,786.25, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 3.14 and a beta of 0.73.

CME Group (NASDAQ:CME) last released its quarterly earnings results 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. CME Group had a net margin of 40.94% and a return on equity of 7.89%. The business had revenue of $890.80 million during the quarter, compared to analysts’ expectations of $890.22 million. During the same quarter in the previous year, the company earned $1.05 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. sell-side analysts expect that CME Group Inc will post 4.78 earnings per share for the current year.

The business also recently declared a None dividend, which will be paid on Monday, January 15th. Shareholders of record on Thursday, December 28th will be paid a $3.50 dividend. The ex-dividend date is Wednesday, December 27th. CME Group’s dividend payout ratio is presently 59.86%.

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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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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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