Shelter Ins Retirement Plan lowered its stake in CME Group Inc (NASDAQ:CME) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,400 shares of the financial services provider’s stock after selling 10,700 shares during the quarter. CME Group comprises 2.8% of Shelter Ins Retirement Plan’s portfolio, making the stock its 16th largest position. Shelter Ins Retirement Plan’s holdings in CME Group were worth $6,339,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of CME. North Star Investment Management Corp. boosted its holdings in CME Group by 7.7% in the fourth quarter. North Star Investment Management Corp. now owns 14,064 shares of the financial services provider’s stock valued at $2,054,000 after purchasing an additional 1,001 shares during the last quarter. Windward Capital Management Co. CA boosted its holdings in CME Group by 2.6% in the fourth quarter. Windward Capital Management Co. CA now owns 97,128 shares of the financial services provider’s stock valued at $14,185,000 after purchasing an additional 2,456 shares during the last quarter. Franklin Street Advisors Inc. NC boosted its holdings in CME Group by 1.7% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 167,097 shares of the financial services provider’s stock valued at $24,405,000 after purchasing an additional 2,717 shares during the last quarter. Sit Investment Associates Inc. boosted its holdings in CME Group by 31.4% in the fourth quarter. Sit Investment Associates Inc. now owns 87,025 shares of the financial services provider’s stock valued at $12,710,000 after purchasing an additional 20,795 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in CME Group in the fourth quarter valued at about $818,000. Institutional investors and hedge funds own 82.70% of the company’s stock.
In related news, CFO John W. Pietrowicz sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $151.50, for a total value of $1,136,250.00. Following the sale, the chief financial officer now owns 32,376 shares of the company’s stock, valued at approximately $4,904,964. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jack J. Tobin sold 2,325 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $152.28, for a total value of $354,051.00. Following the completion of the sale, the insider now directly owns 17,574 shares in the company, valued at approximately $2,676,168.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,603 shares of company stock worth $6,250,726. 0.57% of the stock is currently owned by company insiders.
CME Group Inc (NASDAQ:CME) traded down $0.09 during trading hours on Friday, reaching $152.81. The company’s stock had a trading volume of 1,056,100 shares, compared to its average volume of 1,153,737. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. CME Group Inc has a 52 week low of $113.90 and a 52 week high of $155.29. The company has a market cap of $51,940.00, a P/E ratio of 34.65, a PEG ratio of 2.55 and a beta of 0.72.
CME Group (NASDAQ:CME) last released its earnings results on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The company had revenue of $890.80 million for the quarter, compared to the consensus estimate of $890.22 million. During the same quarter last year, the business posted $1.05 EPS. CME Group’s quarterly revenue was up 5.8% compared to the same quarter last year. analysts anticipate that CME Group Inc will post 4.76 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th will be issued a dividend of $3.50 per share. The ex-dividend date is Wednesday, December 27th. This is an increase from CME Group’s previous dividend of $3.25. CME Group’s dividend payout ratio (DPR) is currently 59.86%.
A number of research analysts recently commented on the company. BidaskClub downgraded CME Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Citigroup increased their price target on CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Wells Fargo & Co increased their target price on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, October 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $133.00 target price on shares of CME Group in a report on Thursday, September 21st. Finally, Royal Bank of Canada increased their target price on CME Group from $135.00 to $147.00 and gave the stock an “outperform” rating in a report on Monday, October 16th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $144.22.
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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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