Shelter Ins Retirement Plan lowered its stake in CME Group Inc (NASDAQ:CME) by 19.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,400 shares of the financial services provider’s stock after selling 10,700 shares during the period. CME Group makes up approximately 2.8% of Shelter Ins Retirement Plan’s portfolio, making the stock its 16th biggest holding. Shelter Ins Retirement Plan’s holdings in CME Group were worth $6,339,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in CME Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 22,795,894 shares of the financial services provider’s stock valued at $2,854,958,000 after purchasing an additional 563,460 shares during the last quarter. Capital International Investors increased its stake in CME Group by 11.4% in the third quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock valued at $1,694,514,000 after purchasing an additional 1,279,058 shares during the last quarter. Janus Henderson Group PLC increased its stake in CME Group by 13,530.7% in the second quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock valued at $770,227,000 after purchasing an additional 6,104,897 shares during the last quarter. Thornburg Investment Management Inc. increased its stake in CME Group by 5.4% in the third quarter. Thornburg Investment Management Inc. now owns 3,902,886 shares of the financial services provider’s stock valued at $529,544,000 after purchasing an additional 200,483 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in CME Group by 10.7% in the third quarter. APG Asset Management N.V. now owns 2,021,128 shares of the financial services provider’s stock valued at $274,227,000 after purchasing an additional 196,171 shares during the last quarter. Institutional investors own 82.78% of the company’s stock.
Several equities research analysts have commented on CME shares. BidaskClub upgraded CME Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Barclays increased their price target on CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Zacks Investment Research raised CME Group from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a report on Tuesday, January 2nd. Royal Bank of Canada increased their price target on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $133.00 price target on shares of CME Group in a report on Thursday, September 21st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $144.22.
In other news, insider Jack J. Tobin sold 2,325 shares of the firm’s stock in a transaction 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 owns 17,574 shares of the company’s stock, valued at $2,676,168.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John W. Pietrowicz sold 5,175 shares of the firm’s stock in a transaction on 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. Over the last quarter, insiders have sold 42,603 shares of company stock worth $6,250,726. 0.57% of the stock is owned by insiders.
CME Group Inc (CME) traded up $1.35 on Friday, reaching $153.57. The company had a trading volume of 499,621 shares, compared to its average volume of 1,187,817. CME Group Inc has a 12-month low of $114.82 and a 12-month high of $155.29. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The firm has a market cap of $51,800.00, a PE ratio of 34.82, a P/E/G ratio of 2.03 and a beta of 0.72.
CME Group (NASDAQ:CME) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the 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 company 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 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. equities analysts predict that CME Group Inc will post 4.75 EPS for the current fiscal year.
The company also recently declared a dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, December 28th were given a dividend of $3.50 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This is a boost from CME Group’s previous dividend of $3.25. CME Group’s dividend payout ratio (DPR) is 59.86%.
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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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