CQS Cayman LP purchased a new stake in shares of CME Group Inc (NASDAQ:CME) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 176,709 shares of the financial services provider’s stock, valued at approximately $34,301,000. CME Group accounts for approximately 1.4% of CQS Cayman LP’s portfolio, making the stock its 14th largest position.
A number of other hedge funds and other institutional investors have also modified their holdings of CME. Parnassus Investments CA purchased a new position in CME Group in the second quarter worth about $544,292,000. Magellan Asset Management Ltd purchased a new position in shares of CME Group during the second quarter valued at approximately $418,297,000. Geode Capital Management LLC raised its holdings in shares of CME Group by 12.9% during the fourth quarter. Geode Capital Management LLC now owns 4,715,269 shares of the financial services provider’s stock valued at $885,776,000 after purchasing an additional 537,917 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of CME Group by 17.0% during the second quarter. Fiera Capital Corp now owns 2,960,477 shares of the financial services provider’s stock valued at $574,658,000 after purchasing an additional 429,235 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of CME Group by 5.7% during the first quarter. FMR LLC now owns 6,553,654 shares of the financial services provider’s stock valued at $1,078,600,000 after purchasing an additional 355,566 shares during the last quarter. 84.99% of the stock is owned by institutional investors.
Several research firms have recently weighed in on CME. Wells Fargo & Co boosted their price objective on shares of CME Group from $176.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, July 3rd. BidaskClub lowered shares of CME Group from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research lowered shares of CME Group from a “hold” rating to a “sell” rating and set a $158.00 target price for the company. in a research report on Monday, May 27th. UBS Group boosted their target price on shares of CME Group from $191.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Finally, Barclays boosted their target price on shares of CME Group from $191.00 to $197.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $196.85.
Shares of CME traded up $0.42 during mid-day trading on Friday, reaching $205.80. The stock had a trading volume of 974,804 shares, compared to its average volume of 1,132,937. The firm has a market cap of $72.54 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 4.51 and a beta of 0.19. CME Group Inc has a 12 month low of $161.05 and a 12 month high of $224.91. The business has a fifty day moving average of $211.25 and a 200 day moving average of $191.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.05 and a current ratio of 1.05.
CME Group (NASDAQ:CME) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. CME Group had a net margin of 39.36% and a return on equity of 9.14%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 earnings per share. On average, research analysts forecast that CME Group Inc will post 6.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be given a $0.75 dividend. The ex-dividend date is Monday, September 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.46%. CME Group’s payout ratio is currently 43.99%.
In related news, CEO Terrence A. Duffy sold 35,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $200.15, for a total transaction of $7,005,250.00. Following the sale, the chief executive officer now owns 79,057 shares of the company’s stock, valued at $15,823,258.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sean Tully sold 7,200 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $223.13, for a total transaction of $1,606,536.00. Following the sale, the insider now directly owns 19,923 shares in the company, valued at approximately $4,445,418.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,626 shares of company stock valued at $12,255,934. Company insiders own 1.20% of the company’s stock.
About CME Group
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 commodities, and metals, as well as fixed income products.
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