CME Group Inc. (CME) Shares Sold by New Mexico Educational Retirement Board
New Mexico Educational Retirement Board decreased its stake in shares of CME Group Inc. (NASDAQ:CME) by 8.1% during the second quarter, Holdings Channel reports. The institutional investor owned 31,635 shares of the financial services provider’s stock after selling 2,800 shares during the period. New Mexico Educational Retirement Board’s holdings in CME Group were worth $3,879,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of CME. Huntington National Bank boosted its position in CME Group by 4.7% in the first quarter. Huntington National Bank now owns 851 shares of the financial services provider’s stock valued at $100,000 after buying an additional 38 shares in the last quarter. Coconut Grove Bank boosted its position in CME Group by 95.7% in the first quarter. Coconut Grove Bank now owns 900 shares of the financial services provider’s stock valued at $107,000 after buying an additional 440 shares in the last quarter. Whittier Trust Co. boosted its position in CME Group by 12.6% in the first quarter. Whittier Trust Co. now owns 1,030 shares of the financial services provider’s stock valued at $122,000 after buying an additional 115 shares in the last quarter. Parallel Advisors LLC boosted its position in CME Group by 4.1% in the first quarter. Parallel Advisors LLC now owns 1,084 shares of the financial services provider’s stock valued at $128,000 after buying an additional 43 shares in the last quarter. Finally, RidgeWorth Capital Management LLC boosted its position in CME Group by 55.5% in the first quarter. RidgeWorth Capital Management LLC now owns 1,138 shares of the financial services provider’s stock valued at $135,000 after buying an additional 406 shares in the last quarter. Institutional investors and hedge funds own 83.29% of the company’s stock.
Shares of CME Group Inc. (CME) opened at 124.76 on Wednesday. CME Group Inc. has a one year low of $98.95 and a one year high of $127.96. The company has a market capitalization of $42.24 billion, a PE ratio of 25.47 and a beta of 0.73. The company has a 50-day moving average of $123.56 and a 200-day moving average of $120.67.
CME Group (NASDAQ:CME) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.20 by $0.03. The business had revenue of $925 million during the quarter, compared to the consensus estimate of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. CME Group’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 EPS. On average, analysts anticipate that CME Group Inc. will post $4.81 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 7th. CME Group’s payout ratio is 53.99%.
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Several equities analysts have recently commented on the stock. BidaskClub cut shares of CME Group from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada upped their price objective on shares of CME Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, June 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $134.00 price objective (up from $128.00) on shares of CME Group in a report on Monday, July 17th. Zacks Investment Research cut shares of CME Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, UBS AG reiterated a “buy” rating and issued a $134.00 price objective (down from $136.00) on shares of CME Group in a report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. CME Group has a consensus rating of “Hold” and a consensus price target of $131.63.
In related news, insider Derek Sammann sold 2,100 shares of CME Group stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $117.86, for a total transaction of $247,506.00. Following the completion of the sale, the insider now owns 31,026 shares of the company’s stock, valued at approximately $3,656,724.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sunil Cutinho sold 10,265 shares of CME Group stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $117.85, for a total transaction of $1,209,730.25. Following the sale, the insider now directly owns 21,690 shares of the company’s stock, valued at approximately $2,556,166.50. The disclosure for this sale can be found here. Insiders have sold a total of 81,685 shares of company stock valued at $10,066,472 in the last ninety days. 0.61% of the stock is currently owned by insiders.
CME Group Company 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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