B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund raised its holdings in shares of CME Group Inc (NASDAQ:CME) by 83.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,776 shares of the financial services provider’s stock after buying an additional 2,634 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in CME Group were worth $947,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its position in CME Group by 84.8% in the second quarter. Meeder Asset Management Inc. now owns 789 shares of the financial services provider’s stock valued at $129,000 after buying an additional 362 shares during the last quarter. Kaizen Advisory LLC lifted its position in CME Group by 151.9% in the second quarter. Kaizen Advisory LLC now owns 816 shares of the financial services provider’s stock valued at $134,000 after buying an additional 492 shares during the last quarter. Signaturefd LLC acquired a new position in CME Group in the first quarter valued at about $138,000. Old Mutual Global Investors UK Ltd. acquired a new position in CME Group in the first quarter valued at about $138,000. Finally, McKinley Carter Wealth Services Inc. acquired a new position in CME Group in the first quarter valued at about $142,000. 84.03% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on CME. Berenberg Bank set a $184.00 target price on shares of CME Group and gave the company a “hold” rating in a research report on Thursday, September 20th. Wells Fargo & Co upped their target price on shares of CME Group from $170.00 to $175.00 and gave the company a “market perform” rating in a research report on Monday, July 9th. BidaskClub cut shares of CME Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Compass Point started coverage on shares of CME Group in a research report on Monday, July 9th. They set a “neutral” rating and a $170.00 price target on the stock. Finally, Zacks Investment Research raised shares of CME Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. CME Group presently has an average rating of “Buy” and an average price target of $178.36.
In related news, Director Martin J. Gepsman sold 300 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $172.30, for a total transaction of $51,690.00. Following the sale, the director now directly owns 42,912 shares in the company, valued at $7,393,737.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Bryan T. Durkin sold 11,509 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $162.01, for a total transaction of $1,864,573.09. Following the sale, the president now owns 64,862 shares in the company, valued at $10,508,292.62. The disclosure for this sale can be found here. Insiders have sold 29,188 shares of company stock worth $4,934,232 over the last 90 days. Insiders own 0.43% of the company’s stock.
Shares of CME traded up $1.18 during mid-day trading on Friday, hitting $181.69. 1,672,403 shares of the company’s stock were exchanged, compared to its average volume of 1,553,160. The stock has a market capitalization of $57.79 billion, a PE ratio of 38.09, a P/E/G ratio of 3.20 and a beta of 0.64. CME Group Inc has a fifty-two week low of $132.33 and a fifty-two week high of $182.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.08 and a current ratio of 1.08.
CME Group (NASDAQ:CME) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.02. CME Group had a net margin of 111.45% and a return on equity of 9.03%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company earned $1.22 earnings per share. The business’s quarterly revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts predict that CME Group Inc will post 6.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 25th. Investors of record on Monday, September 10th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, September 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.54%. CME Group’s payout ratio is 58.70%.
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 products, and metals.
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