Forward Management LLC reduced its stake in shares of CME Group Inc (NASDAQ:CME) by 4.7% in the 4th quarter, HoldingsChannel reports. The fund owned 9,891 shares of the financial services provider’s stock after selling 488 shares during the quarter. Forward Management LLC’s holdings in CME Group were worth $1,445,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new position in CME Group during the 3rd quarter worth $232,000. Nippon Life Global Investors Americas Inc. grew its holdings in CME Group by 6.1% during the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 87,970 shares of the financial services provider’s stock worth $11,935,000 after acquiring an additional 5,080 shares in the last quarter. California Public Employees Retirement System grew its holdings in CME Group by 7.8% during the 3rd quarter. California Public Employees Retirement System now owns 837,382 shares of the financial services provider’s stock worth $113,616,000 after acquiring an additional 60,652 shares in the last quarter. First National Trust Co. grew its holdings in CME Group by 21.8% during the 3rd quarter. First National Trust Co. now owns 16,699 shares of the financial services provider’s stock worth $2,266,000 after acquiring an additional 2,990 shares in the last quarter. Finally, Viking Fund Management LLC grew its holdings in CME Group by 4.3% during the 4th quarter. Viking Fund Management LLC now owns 29,200 shares of the financial services provider’s stock worth $4,265,000 after acquiring an additional 1,200 shares in the last quarter. 82.65% of the stock is owned by institutional investors.
CME Group Inc (NASDAQ:CME) opened at $159.11 on Monday. CME Group Inc has a fifty-two week low of $114.82 and a fifty-two week high of $163.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.03 and a quick ratio of 1.05. The company has a market cap of $53,956.59, a PE ratio of 13.33, a PEG ratio of 2.11 and a beta of 0.64.
CME Group (NASDAQ:CME) last posted its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. The business had revenue of $900.00 million during the quarter, compared to analyst estimates of $886.85 million. CME Group had a net margin of 111.49% and a return on equity of 7.68%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. analysts anticipate that CME Group Inc will post 6.28 earnings per share for the current fiscal year.
The company also recently announced a dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th were paid a dividend of $3.50 per share. This is a positive change from CME Group’s previous dividend of $3.25. The ex-dividend date of this dividend was Wednesday, December 27th. CME Group’s payout ratio is presently 22.11%.
CME has been the subject of several research reports. Citigroup lifted their price target on shares of CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Barclays lifted their price target on shares of CME Group from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday. Sandler O’Neill reaffirmed a “buy” rating and issued a $175.00 price target on shares of CME Group in a report on Friday. Bank of America lifted their price target on shares of CME Group from $173.00 to $175.00 and gave the company a “buy” rating in a report on Friday. Finally, BidaskClub lowered shares of CME Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $155.08.
In other CME Group news, CFO John W. Pietrowicz sold 7,500 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $151.50, for a total transaction of $1,136,250.00. Following the completion of the transaction, the chief financial officer now directly owns 32,376 shares of the company’s stock, valued at approximately $4,904,964. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jack J. Tobin sold 2,325 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $152.28, for a total transaction of $354,051.00. Following the transaction, the insider now directly owns 17,574 shares of the company’s stock, valued at $2,676,168.72. The disclosure for this sale can be found here. Insiders have sold a total of 37,428 shares of company stock valued at $5,527,779 over the last three months. 0.57% of the stock is currently owned by company insiders.
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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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