Raiffeisen Bank International AG cut its position in shares of CME Group Inc. (NASDAQ:CME – Free Report) by 39.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,600 shares of the financial services provider’s stock after selling 5,720 shares during the quarter. Raiffeisen Bank International AG’s holdings in CME Group were worth $1,880,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bridgewater Advisors Inc. acquired a new stake in shares of CME Group in the second quarter worth $612,000. The Manufacturers Life Insurance Company purchased a new position in shares of CME Group during the second quarter valued at $53,671,000. FLC Capital Advisors acquired a new position in CME Group during the fourth quarter valued at $2,122,000. Haverford Trust Co acquired a new position in CME Group during the second quarter valued at $13,818,000. Finally, HighTower Advisors LLC lifted its stake in CME Group by 6.9% in the 4th quarter. HighTower Advisors LLC now owns 352,922 shares of the financial services provider’s stock worth $96,376,000 after acquiring an additional 22,692 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other CME Group news, Director William Shepard acquired 325 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average price of $230.57 per share, with a total value of $74,935.25. Following the completion of the transaction, the director owned 260,442 shares in the company, valued at $60,050,111.94. The trade was a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.
Analyst Upgrades and Downgrades
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CME Group Stock Performance
Shares of NASDAQ CME opened at $281.29 on Friday. The business’s 50-day moving average price is $258.76 and its two-hundred day moving average price is $278.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. CME Group Inc. has a one year low of $218.31 and a one year high of $329.16. The company has a market capitalization of $101.15 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 3.33 and a beta of 0.24.
CME Group (NASDAQ:CME – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.08. CME Group had a return on equity of 15.60% and a net margin of 63.30%.The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $2.96 EPS. The business’s revenue was up .8% compared to the same quarter last year. Analysts anticipate that CME Group Inc. will post 12.27 earnings per share for the current fiscal year.
CME Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a $1.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $5.20 dividend on an annualized basis and a yield of 1.8%. CME Group’s dividend payout ratio is currently 44.11%.
About CME Group
CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.
The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.
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