Victory Capital Management Inc. increased its position in CME Group Inc. (NASDAQ:CME) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,204 shares of the financial services provider’s stock after acquiring an additional 1,637 shares during the period. Victory Capital Management Inc.’s holdings in CME Group were worth $11,153,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Inc. OK grew its holdings in shares of 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 worth $10,587,000 after acquiring an additional 8,198 shares during the period. Marvin & Palmer Associates Inc. grew its holdings in shares of 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 worth $7,173,000 after acquiring an additional 28,745 shares during the period. Captrust Financial Advisors acquired a new stake in shares of CME Group in the 2nd quarter worth approximately $693,000. Commerce Bank grew its holdings in shares of CME Group by 3.8% in the 2nd quarter. Commerce Bank now owns 560,899 shares of the financial services provider’s stock worth $70,247,000 after acquiring an additional 20,449 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in CME Group by 1.8% during the 2nd quarter. Principal Financial Group Inc. now owns 488,477 shares of the financial services provider’s stock valued at $61,176,000 after buying an additional 8,526 shares during the last quarter. Institutional investors and hedge funds own 82.63% of the company’s stock.
In related news, Director Daniel R. Glickman sold 850 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $126.65, for a total value of $107,652.50. Following the transaction, the director now directly owns 13,799 shares of the company’s stock, valued at approximately $1,747,643.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hilda Harris Piell sold 714 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $129.00, for a total value of $92,106.00. Following the completion of the transaction, the insider now directly owns 28,844 shares in the company, valued at $3,720,876. The disclosure for this sale can be found here. Insiders sold a total of 11,339 shares of company stock worth $1,548,086 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.
Shares of CME Group Inc. (NASDAQ:CME) opened at $140.15 on Tuesday. CME Group Inc. has a fifty-two week low of $111.19 and a fifty-two week high of $141.07. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $46,757.18, a price-to-earnings ratio of 28.84, a PEG ratio of 2.82 and a beta of 0.71.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The business had revenue of $890.80 million for the quarter, compared to analysts’ expectations of $890.22 million. During the same quarter last year, the firm earned $1.05 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. research analysts expect that CME Group Inc. will post 4.8 EPS for the current fiscal year.
The company 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 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, December 7th. CME Group’s dividend payout ratio (DPR) is currently 59.86%.
A number of equities research analysts have commented on CME shares. Wells Fargo & Company increased their target price on CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, October 4th. Royal Bank Of Canada increased their target price on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Jefferies Group LLC reiterated a “buy” rating and set a $134.00 target price (up previously from $128.00) on shares of CME Group in a report on Monday, July 17th. Barclays PLC started coverage on CME Group in a report on Friday, September 8th. They set an “overweight” rating and a $139.00 target price on the stock. Finally, BidaskClub upgraded CME Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. One investment 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 presently has an average rating of “Buy” and a consensus price target of $138.89.
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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