Municipal Employees Retirement System of Michigan cut its holdings in CME Group Inc. (NASDAQ:CME) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,670 shares of the financial services provider’s stock after selling 2,170 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in CME Group were worth $2,262,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new position in CME Group in the 3rd quarter valued at $232,000. Capital Advisors Inc. OK boosted its holdings in CME Group by 10.7% in the 2nd quarter. Capital Advisors Inc. OK now owns 84,533 shares of the financial services provider’s stock valued at $10,587,000 after purchasing an additional 8,198 shares during the period. Marvin & Palmer Associates Inc. boosted its holdings in CME Group by 100.7% in the 2nd quarter. Marvin & Palmer Associates Inc. now owns 57,278 shares of the financial services provider’s stock valued at $7,173,000 after purchasing an additional 28,745 shares during the period. Captrust Financial Advisors bought a new position in CME Group in the 2nd quarter valued at $693,000. Finally, Commerce Bank boosted its holdings in CME Group by 3.8% in the 2nd quarter. Commerce Bank now owns 560,899 shares of the financial services provider’s stock valued at $70,247,000 after purchasing an additional 20,449 shares during the period. 82.63% of the stock is owned by institutional investors.
Shares of CME Group Inc. (NASDAQ CME) traded up $2.27 during trading hours on Tuesday, reaching $140.15. 1,142,100 shares of the company were exchanged, compared to its average volume of 1,364,276. The stock has a market cap of $47,450.00, a PE ratio of 28.84, a PEG ratio of 2.82 and a beta of 0.71. CME Group Inc. has a one year low of $111.19 and a one year high of $141.07. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05.
CME Group (NASDAQ:CME) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.03. The company had revenue of $890.80 million for the quarter, compared to analysts’ expectations of $890.22 million. CME Group had a net margin of 40.94% and a return on equity of 7.89%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. equities research analysts predict that CME Group Inc. will post 4.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Friday, December 8th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, December 7th. CME Group’s payout ratio is presently 59.86%.
Several research analysts have commented on the stock. Barclays PLC raised their price target on shares of CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Wells Fargo & Company raised their price objective on shares of CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, October 4th. Royal Bank Of Canada raised their price objective on shares of CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Citigroup Inc. raised their price objective on shares of CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, BidaskClub cut shares of CME Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $138.89.
In other CME Group news, Director Daniel R. Glickman sold 850 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $126.65, for a total value of $107,652.50. Following the transaction, the director now owns 13,799 shares in the company, valued at $1,747,643.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John W. Pietrowicz sold 5,175 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $139.70, for a total transaction of $722,947.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,339 shares of company stock worth $1,548,086. 0.57% of the stock is owned by corporate insiders.
CME Group 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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