CME Group Inc (NASDAQ:CME) Shares Bought by Citizens Financial Group Inc RI

Citizens Financial Group Inc RI boosted its holdings in shares of CME Group Inc (NASDAQ:CME) by 14.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 946 shares of the financial services provider’s stock after acquiring an additional 122 shares during the period. Citizens Financial Group Inc RI’s holdings in CME Group were worth $164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in shares of CME Group in the fourth quarter valued at approximately $645,732,000. BlackRock Inc. raised its position in shares of CME Group by 4.6% in the first quarter. BlackRock Inc. now owns 26,645,530 shares of the financial services provider’s stock valued at $4,607,281,000 after buying an additional 1,179,970 shares during the last quarter. FMR LLC raised its position in shares of CME Group by 14.7% in the fourth quarter. FMR LLC now owns 7,774,032 shares of the financial services provider’s stock valued at $1,560,404,000 after buying an additional 996,023 shares during the last quarter. Parnassus Investments CA raised its position in shares of CME Group by 25.0% in the fourth quarter. Parnassus Investments CA now owns 3,556,924 shares of the financial services provider’s stock valued at $713,946,000 after buying an additional 711,558 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of CME Group by 31.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,134,418 shares of the financial services provider’s stock valued at $428,420,000 after buying an additional 512,199 shares during the last quarter. Institutional investors own 85.08% of the company’s stock.

In other news, COO Julie Holzrichter sold 3,061 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $203.37, for a total transaction of $622,515.57. Following the transaction, the chief operating officer now directly owns 37,284 shares of the company’s stock, valued at $7,582,447.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Julie Winkler sold 5,620 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $210.97, for a total transaction of $1,185,651.40. Following the transaction, the insider now directly owns 25,114 shares in the company, valued at $5,298,300.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,692 shares of company stock valued at $2,350,147. 1.20% of the stock is owned by insiders.

CME opened at $178.80 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.13. CME Group Inc has a 52-week low of $131.80 and a 52-week high of $225.36. The company has a 50 day moving average of $181.12 and a two-hundred day moving average of $196.24. The company has a market cap of $63.89 billion, a P/E ratio of 26.85, a P/E/G ratio of 4.28 and a beta of 0.32.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.10. CME Group had a net margin of 45.79% and a return on equity of 10.15%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $1.62 earnings per share. CME Group’s revenue for the quarter was up 29.0% on a year-over-year basis. Research analysts anticipate that CME Group Inc will post 7.73 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.85 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.40 annualized dividend and a yield of 1.90%. CME Group’s dividend payout ratio is currently 50.00%.

A number of research firms have recently weighed in on CME. Raymond James raised shares of CME Group from a “market perform” rating to an “outperform” rating and set a $194.00 price objective for the company in a research report on Monday, March 30th. Zacks Investment Research raised shares of CME Group from a “hold” rating to a “buy” rating and set a $182.00 price objective for the company in a research report on Monday, April 6th. BidaskClub lowered shares of CME Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Bank of America lowered their target price on shares of CME Group from $216.00 to $168.00 and set a “neutral” rating for the company in a report on Monday, March 23rd. Finally, Deutsche Bank lowered their target price on shares of CME Group from $198.00 to $191.00 and set a “buy” rating for the company in a report on Friday, May 15th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $193.67.

CME Group Company 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 commodities, and metals, as well as fixed income products.

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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