CME Group Inc. (CME) Shares Bought by Nordea Investment Management AB
Nordea Investment Management AB raised its stake in shares of CME Group Inc. (NASDAQ:CME) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 32,440 shares of the company’s stock after buying an additional 5 shares during the period. Nordea Investment Management AB’s holdings in CME Group were worth $3,160,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new position in CME Group during the second quarter valued at about $35,643,000. Geode Capital Management LLC raised its position in CME Group by 6.0% in the first quarter. Geode Capital Management LLC now owns 2,947,602 shares of the company’s stock valued at $282,588,000 after buying an additional 167,225 shares during the last quarter. Primecap Management Co. CA raised its position in CME Group by 6.5% in the first quarter. Primecap Management Co. CA now owns 1,946,113 shares of the company’s stock valued at $186,924,000 after buying an additional 118,150 shares during the last quarter. Oakbrook Investments LLC raised its position in CME Group by 39.8% in the second quarter. Oakbrook Investments LLC now owns 292,290 shares of the company’s stock valued at $28,469,000 after buying an additional 83,200 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in CME Group by 4.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,137,234 shares of the company’s stock valued at $110,767,000 after buying an additional 50,334 shares during the last quarter. Hedge funds and other institutional investors own 79.89% of the company’s stock.
Shares of CME Group Inc. (NASDAQ:CME) traded down 0.15% during midday trading on Wednesday, hitting $103.93. 584,654 shares of the stock were exchanged. The stock has a market cap of $35.22 billion, a price-to-earnings ratio of 26.24 and a beta of 0.83. CME Group Inc. has a 12 month low of $81.87 and a 12 month high of $110.35. The firm’s 50-day moving average is $106.33 and its 200-day moving average is $99.87.
CME Group (NASDAQ:CME) last announced its earnings results on Thursday, July 28th. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.03. The company earned $906 million during the quarter, compared to the consensus estimate of $897.84 million. CME Group had a net margin of 38.22% and a return on equity of 6.83%. CME Group’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. Equities research analysts predict that CME Group Inc. will post $4.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $2.40 annualized dividend and a yield of 2.31%. CME Group’s dividend payout ratio (DPR) is 60.61%.
CME has been the subject of several recent research reports. Credit Agricole SA lowered their target price on shares of CME Group from $100.00 to $95.00 and set an “underperform” rating for the company in a report on Thursday, July 14th. Jefferies Group restated a “buy” rating and issued a $118.00 price objective on shares of CME Group in a report on Thursday, October 13th. Zacks Investment Research upgraded shares of CME Group from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a report on Thursday, August 4th. Deutsche Bank AG boosted their price objective on shares of CME Group from $111.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CME Group from $99.00 to $103.00 and gave the stock a “market perform” rating in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $103.27.
In other CME Group news, insider Kimberly S. Taylor sold 2,300 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $102.58, for a total value of $235,934.00. Following the completion of the transaction, the insider now owns 103,789 shares of the company’s stock, valued at $10,646,675.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Phupinder Gill sold 20,080 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $104.54, for a total transaction of $2,099,163.20. Following the completion of the transaction, the chief executive officer now directly owns 154,141 shares of the company’s stock, valued at approximately $16,113,900.14. The disclosure for this sale can be found here. 0.61% of the stock is currently 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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