Tocqueville Asset Management L.P. cut its holdings in CME Group Inc (NASDAQ:CME) by 8.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 43,037 shares of the financial services provider’s stock after selling 3,955 shares during the period. Tocqueville Asset Management L.P.’s holdings in CME Group were worth $7,325,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC lifted its stake in CME Group by 282.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 765 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 565 shares in the last quarter. Honkamp Krueger Financial Services Inc. purchased a new stake in CME Group in the 3rd quarter worth approximately $132,000. Bbva Compass Bancshares Inc. purchased a new stake in CME Group in the 3rd quarter worth approximately $134,000. Sun Life Financial INC lifted its stake in CME Group by 267.7% in the 2nd quarter. Sun Life Financial INC now owns 923 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 672 shares in the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new stake in CME Group in the 2nd quarter worth approximately $153,000. 85.89% of the stock is owned by institutional investors.
Several analysts have issued reports on the stock. Barclays assumed coverage on shares of CME Group in a research note on Tuesday. They issued an “overweight” rating and a $210.00 target price on the stock. Zacks Investment Research cut shares of CME Group from a “buy” rating to a “hold” rating in a research note on Friday. Atlantic Securities began coverage on shares of CME Group in a research report on Wednesday, November 28th. They set a “neutral” rating and a $200.00 price objective on the stock. BidaskClub upgraded shares of CME Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 9th. Finally, Deutsche Bank raised their price objective on shares of CME Group from $205.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, November 16th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. CME Group has an average rating of “Buy” and an average price target of $194.13.
In related news, Director Martin J. Gepsman sold 300 shares of CME Group stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $172.30, for a total value of $51,690.00. Following the transaction, the director now owns 42,912 shares in the company, valued at approximately $7,393,737.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Terrence A. Duffy sold 10,000 shares of CME Group stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $188.80, for a total transaction of $1,888,000.00. Following the completion of the transaction, the chairman now owns 95,652 shares in the company, valued at approximately $18,059,097.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,800 shares of company stock worth $5,628,462. Corporate insiders own 0.43% of the company’s stock.
CME Group stock opened at $187.11 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $64.24 billion, a PE ratio of 39.23, a P/E/G ratio of 2.19 and a beta of 0.46. CME Group Inc has a fifty-two week low of $143.68 and a fifty-two week high of $197.08.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.03. The firm had revenue of $904.20 million for the quarter, compared to analysts’ expectations of $910.50 million. CME Group had a net margin of 113.67% and a return on equity of 9.18%. As a group, equities analysts forecast that CME Group Inc will post 6.66 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Monday, December 10th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, December 7th. CME Group’s dividend payout ratio (DPR) is currently 58.70%.
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CME Group Profile
CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.
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