Public Employees Retirement System of Ohio cut its position in shares of CME Group Inc (NASDAQ:CME) by 32.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,149 shares of the financial services provider’s stock after selling 142,849 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in CME Group were worth $42,668,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in CME. Comerica Bank grew its position in CME Group by 0.4% during the 4th quarter. Comerica Bank now owns 84,159 shares of the financial services provider’s stock worth $13,044,000 after acquiring an additional 313 shares during the last quarter. Daiwa Securities Group Inc. grew its position in CME Group by 2.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,590 shares of the financial services provider’s stock worth $2,131,000 after acquiring an additional 362 shares during the last quarter. ARGI Investment Services LLC grew its position in CME Group by 6.4% during the 3rd quarter. ARGI Investment Services LLC now owns 6,326 shares of the financial services provider’s stock worth $856,000 after acquiring an additional 378 shares during the last quarter. First Capital Advisors Group LLC. grew its position in CME Group by 8.3% during the 3rd quarter. First Capital Advisors Group LLC. now owns 5,185 shares of the financial services provider’s stock worth $704,000 after acquiring an additional 399 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in CME Group by 3.0% during the 3rd quarter. Raymond James Trust N.A. now owns 14,755 shares of the financial services provider’s stock worth $2,002,000 after acquiring an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 82.85% of the company’s stock.
Several equities analysts recently issued reports on CME shares. Bank of America raised their price target on CME Group from $173.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Citigroup raised their price target on CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. BidaskClub lowered CME Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded CME Group from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research report on Tuesday, January 2nd. Finally, Sandler O’Neill restated a “buy” rating and set a $175.00 price target on shares of CME Group in a research report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $157.00.
Shares of CME Group Inc (CME) opened at $160.13 on Tuesday. The firm has a market capitalization of $53,190.19, a P/E ratio of 13.41, a PEG ratio of 2.05 and a beta of 0.64. CME Group Inc has a 1 year low of $114.82 and a 1 year 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.
CME Group (NASDAQ:CME) last issued its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.02. The firm had revenue of $900.00 million for the quarter, compared to analyst estimates of $886.85 million. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. equities research analysts anticipate that CME Group Inc will post 6.26 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 9th will be given a $0.70 dividend. This is a positive change from CME Group’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, March 8th. CME Group’s dividend payout ratio (DPR) is currently 22.11%.
In other news, Director Jeffrey M. Bernacchi sold 1,501 shares of CME Group stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $149.75, for a total value of $224,774.75. Following the sale, the director now directly owns 60,194 shares in the company, valued at approximately $9,014,051.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Terrence A. Duffy sold 20,000 shares of CME Group stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $151.66, for a total value of $3,033,200.00. Following the completion of the sale, the chairman now owns 99,239 shares in the company, valued at $15,050,586.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,128 shares of company stock worth $10,086,157. Corporate insiders own 0.57% of the company’s stock.
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About CME Group
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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