First National Trust Co increased its position in shares of CME Group Inc (NASDAQ:CME) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,760 shares of the financial services provider’s stock after purchasing an additional 2,061 shares during the period. First National Trust Co’s holdings in CME Group were worth $2,740,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in CME. CrestPoint Capital Management LLC boosted its position in CME Group by 216.7% in the 4th quarter. CrestPoint Capital Management LLC now owns 5,700 shares of the financial services provider’s stock valued at $832,000 after buying an additional 3,900 shares during the period. National Pension Service boosted its position in CME Group by 1.0% in the 4th quarter. National Pension Service now owns 293,746 shares of the financial services provider’s stock valued at $42,902,000 after buying an additional 2,964 shares during the period. Bank of Montreal Can boosted its position in CME Group by 17.4% in the 4th quarter. Bank of Montreal Can now owns 614,562 shares of the financial services provider’s stock valued at $89,758,000 after buying an additional 90,984 shares during the period. Vontobel Asset Management Inc. boosted its position in CME Group by 126.3% in the 4th quarter. Vontobel Asset Management Inc. now owns 260,334 shares of the financial services provider’s stock valued at $38,020,000 after buying an additional 145,285 shares during the period. Finally, Davis R M Inc. boosted its position in CME Group by 1.2% in the 4th quarter. Davis R M Inc. now owns 110,959 shares of the financial services provider’s stock valued at $16,206,000 after buying an additional 1,285 shares during the period. 82.78% of the stock is owned by hedge funds and other institutional investors.
CME Group Inc (NASDAQ CME) traded down $0.53 during trading hours on Wednesday, hitting $152.20. 1,304,100 shares of the stock traded hands, compared to its average volume of 1,164,300. CME Group Inc has a twelve month low of $114.82 and a twelve month high of $155.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $51,550.00, a price-to-earnings ratio of 34.51, a P/E/G ratio of 2.04 and a beta of 0.72.
CME Group (NASDAQ:CME) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, beating the 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 analyst estimates of $890.22 million. During the same quarter in the previous year, the business posted $1.05 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. sell-side analysts expect that CME Group Inc will post 4.76 EPS for the current fiscal year.
The firm also recently declared a dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, December 28th were issued a $3.50 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This is a positive change from CME Group’s previous dividend of $3.25. CME Group’s payout ratio is currently 59.86%.
Several equities research analysts have issued reports on the stock. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research raised shares of CME Group from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a research report on Tuesday, January 2nd. Barclays boosted their price objective on shares of CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Wells Fargo & Co boosted their price objective on shares of CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada boosted their price target on shares of CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $144.22.
In related news, CFO John W. Pietrowicz sold 5,175 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $139.70, for a total transaction of $722,947.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sunil Cutinho sold 2,600 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $139.57, for a total transaction of $362,882.00. Following the transaction, the insider now owns 22,301 shares of the company’s stock, valued at approximately $3,112,550.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,603 shares of company stock valued at $6,250,726. Company insiders own 0.57% of the company’s stock.
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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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