National Pension Service Raises Stake in CME Group Inc. (CME)
National Pension Service increased its position in CME Group Inc. (NASDAQ:CME) by 8.8% during the third quarter, Holdings Channel reports. The fund owned 224,568 shares of the company’s stock after buying an additional 18,140 shares during the period. National Pension Service’s holdings in CME Group were worth $23,472,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of CME. First Republic Investment Management Inc. increased its stake in shares of CME Group by 100.7% in the first quarter. First Republic Investment Management Inc. now owns 18,056 shares of the company’s stock worth $1,733,000 after buying an additional 9,060 shares during the last quarter. First PREMIER Bank increased its stake in shares of CME Group by 3.9% in the second quarter. First PREMIER Bank now owns 4,151 shares of the company’s stock worth $404,000 after buying an additional 156 shares during the last quarter. Cullinan Associates Inc. increased its stake in shares of CME Group by 0.3% in the second quarter. Cullinan Associates Inc. now owns 54,950 shares of the company’s stock worth $5,352,000 after buying an additional 150 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of CME Group by 4.4% in the second quarter. Raymond James Trust N.A. now owns 16,185 shares of the company’s stock worth $1,576,000 after buying an additional 686 shares during the last quarter. Finally, British Columbia Investment Management Corp increased its stake in shares of CME Group by 12.8% in the second quarter. British Columbia Investment Management Corp now owns 251,094 shares of the company’s stock worth $24,457,000 after buying an additional 28,402 shares during the last quarter. Hedge funds and other institutional investors own 79.55% of the company’s stock.
CME Group Inc. (NASDAQ:CME) traded up 0.09% during midday trading on Wednesday, hitting $112.77. The company had a trading volume of 389,811 shares. The stock’s 50-day moving average price is $107.19 and its 200-day moving average price is $102.98. CME Group Inc. has a 52-week low of $81.87 and a 52-week high of $117.80. The stock has a market cap of $38.27 billion, a PE ratio of 26.29 and a beta of 0.81.
CME Group (NASDAQ:CME) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The firm had revenue of $842 million for the quarter, compared to analysts’ expectations of $855.94 million. CME Group had a return on equity of 6.90% and a net margin of 41.54%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. On average, equities research analysts expect that CME Group Inc. will post $4.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Shareholders of record on Friday, December 9th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Wednesday, December 7th. CME Group’s dividend payout ratio is presently 55.94%.
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A number of analysts have recently commented on CME shares. Zacks Investment Research upgraded CME Group from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research note on Thursday, August 4th. Deutsche Bank AG increased their price target on CME Group from $111.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Jefferies Group increased their price target on CME Group from $112.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, August 31st. JPMorgan Chase & Co. set a $116.00 price target on CME Group and gave the stock a “buy” rating in a research report on Monday, September 12th. Finally, Royal Bank Of Canada lowered their price target on CME Group from $97.00 to $92.00 and set an “underperform” rating on the stock in a research report on Friday, October 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $102.89.
In other CME Group news, Director Martin J. Gepsman sold 300 shares of CME Group stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $109.00, for a total value of $32,700.00. Following the sale, the director now owns 42,802 shares of the company’s stock, valued at approximately $4,665,418. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bryan T. Durkin sold 15,000 shares of CME Group stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $107.75, for a total value of $1,616,250.00. Following the completion of the sale, the insider now directly owns 63,967 shares in the company, valued at approximately $6,892,444.25. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.
About CME Group
CME Group Inc is a provider of products across all major asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals. The Company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. The Company connects buyers and sellers together through its CME Globex electronic trading platform across the globe and its open outcry trading facilities in Chicago and New York City.
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