Skylands Capital LLC Has $2.93 Million Position in CME Group Inc. (NASDAQ:CME)
Skylands Capital LLC raised its position in shares of CME Group Inc. (NASDAQ:CME) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,400 shares of the financial services provider’s stock after buying an additional 600 shares during the period. Skylands Capital LLC’s holdings in CME Group were worth $2,931,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CME. BlackRock Inc. increased its position in shares of CME Group by 2,172.6% in the first quarter. BlackRock Inc. now owns 27,265,611 shares of the financial services provider’s stock worth $3,239,152,000 after buying an additional 26,065,883 shares during the period. Edgewood Management LLC increased its position in shares of CME Group by 26.4% in the first quarter. Edgewood Management LLC now owns 7,228,349 shares of the financial services provider’s stock worth $858,728,000 after buying an additional 1,511,753 shares during the period. APG Asset Management N.V. increased its position in shares of CME Group by 335.2% in the first quarter. APG Asset Management N.V. now owns 1,899,723 shares of the financial services provider’s stock worth $225,687,000 after buying an additional 1,463,198 shares during the period. Vanguard Group Inc. increased its position in shares of CME Group by 3.8% in the first quarter. Vanguard Group Inc. now owns 22,232,434 shares of the financial services provider’s stock worth $2,641,214,000 after buying an additional 806,282 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of CME Group by 25.5% in the first quarter. Wells Fargo & Company MN now owns 3,490,351 shares of the financial services provider’s stock worth $414,653,000 after buying an additional 709,012 shares during the period. 83.07% of the stock is owned by institutional investors and hedge funds.
CME Group Inc. (NASDAQ:CME) traded up 0.36% during mid-day trading on Friday, hitting $121.00. 1,648,929 shares of the stock were exchanged. The company has a market capitalization of $41.11 billion, a PE ratio of 26.19 and a beta of 0.74. CME Group Inc. has a 52 week low of $98.95 and a 52 week high of $127.96. The stock’s 50-day moving average is $123.36 and its 200 day moving average is $120.21.
CME Group (NASDAQ:CME) last issued its earnings results on Thursday, April 27th. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The firm had revenue of $929 million during the quarter, compared to analyst estimates of $932.06 million. CME Group had a net margin of 43.62% and a return on equity of 7.43%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $1.15 earnings per share. On average, analysts anticipate that CME Group Inc. will post $4.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Friday, June 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, June 7th. This represents a $2.64 dividend on an annualized basis and a yield of 2.18%. CME Group’s dividend payout ratio is presently 57.14%.
CME has been the subject of a number of analyst reports. Jefferies Group LLC reissued 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 reissued a “buy” rating and issued a $133.00 price objective (down previously from $134.00) on shares of CME Group in a research report on Monday, May 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $127.00 target price on shares of CME Group in a research note on Friday, July 14th. Citigroup Inc. initiated coverage on shares of CME Group in a research note on Wednesday, July 12th. They set a “buy” rating and a $140.00 target price for the company. Finally, BidaskClub upgraded shares of 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, four have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $128.00.
In other CME Group news, Director Dennis Suskind sold 1,099 shares of the stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $115.29, for a total transaction of $126,703.71. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $576,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Derek Sammann sold 2,100 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $117.86, for a total transaction of $247,506.00. Following the transaction, the insider now owns 31,026 shares of the company’s stock, valued at approximately $3,656,724.36. The disclosure for this sale can be found here. Insiders have sold 48,754 shares of company stock valued at $5,955,724 in the last quarter. Company insiders own 0.61% of the company’s stock.
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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