Bbva Compass Bancshares Inc. reduced its stake in CME Group Inc. (NASDAQ:CME) by 10.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,727 shares of the financial services provider’s stock after selling 324 shares during the period. Bbva Compass Bancshares Inc.’s holdings in CME Group were worth $341,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. National Pension Service raised its stake in CME Group by 6.3% in the first quarter. National Pension Service now owns 254,243 shares of the financial services provider’s stock worth $30,217,000 after buying an additional 15,099 shares during the last quarter. Highland Capital Management LLC bought a new position in CME Group during the first quarter valued at $273,000. Bank of Montreal Can increased its position in CME Group by 7.0% in the first quarter. Bank of Montreal Can now owns 352,984 shares of the financial services provider’s stock valued at $41,934,000 after buying an additional 23,242 shares during the period. CrestPoint Capital Management LLC bought a new position in CME Group during the first quarter valued at $202,000. Finally, TNB Financial bought a new position in CME Group during the first quarter valued at $1,194,000. 83.25% of the stock is owned by hedge funds and other institutional investors.
Shares of CME Group Inc. (CME) traded up 0.02% during midday trading on Friday, reaching $125.39. The company’s stock had a trading volume of 1,048,291 shares. CME Group Inc. has a 52 week low of $98.95 and a 52 week high of $127.96. The company has a 50 day moving average of $123.50 and a 200-day moving average of $121.16. The stock has a market capitalization of $42.62 billion, a price-to-earnings ratio of 25.60 and a beta of 0.73.
CME Group (NASDAQ:CME) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. The firm had revenue of $925 million for the quarter, compared to the consensus estimate of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share. Equities research analysts predict that CME Group Inc. will post $4.80 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, September 7th. CME Group’s dividend payout ratio is currently 53.99%.
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Several equities analysts have recently commented on CME shares. Jefferies Group LLC restated a “buy” rating and issued a $128.00 price objective on shares of CME Group in a research report on Monday, July 10th. Deutsche Bank AG restated a “buy” rating and issued a $133.00 price objective (down from $134.00) on shares of CME Group in a research report on Monday, May 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $127.00 target price on shares of CME Group in a report on Friday, July 14th. Citigroup Inc. initiated coverage on CME Group in a research note on Wednesday, July 12th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, BidaskClub raised CME Group from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $131.63.
In related news, Chairman Terrence A. Duffy sold 21,815 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $123.89, for a total transaction of $2,702,660.35. Following the completion of the transaction, the chairman now owns 110,711 shares of the company’s stock, valued at $13,715,985.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathleen M. Cronin sold 8,125 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $127.35, for a total transaction of $1,034,718.75. Following the transaction, the insider now directly owns 38,174 shares of the company’s stock, valued at approximately $4,861,458.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,085 shares of company stock worth $11,242,896. 0.61% of the stock is owned by insiders.
CME Group Company 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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