CME Group Inc. (NASDAQ:CME) Position Maintained by Seaward Management Limited Partnership
Seaward Management Limited Partnership maintained its stake in shares of CME Group Inc. (NASDAQ:CME) during the second quarter, Holdings Channel reports. The firm owned 2,115 shares of the financial services provider’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in CME Group were worth $264,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. Pioneer Investment Management Inc. boosted its stake in CME Group by 1,359.5% in the second quarter. Pioneer Investment Management Inc. now owns 697,380 shares of the financial services provider’s stock valued at $87,340,000 after buying an additional 649,599 shares during the last quarter. Advisor Partners LLC boosted its stake in CME Group by 5.9% in the second quarter. Advisor Partners LLC now owns 6,155 shares of the financial services provider’s stock valued at $771,000 after buying an additional 341 shares during the last quarter. Davis R M Inc. boosted its stake in CME Group by 5.4% in the second quarter. Davis R M Inc. now owns 109,490 shares of the financial services provider’s stock valued at $13,713,000 after buying an additional 5,655 shares during the last quarter. Honeywell International Inc. purchased a new stake in CME Group during the second quarter valued at about $13,776,000. Finally, Retirement Systems of Alabama boosted its stake in CME Group by 0.3% in the second quarter. Retirement Systems of Alabama now owns 164,748 shares of the financial services provider’s stock valued at $20,633,000 after buying an additional 568 shares during the last quarter. Institutional investors and hedge funds own 83.29% of the company’s stock.
Shares of CME Group Inc. (NASDAQ CME) opened at 126.19 on Thursday. The company’s 50-day moving average is $123.45 and its 200 day moving average is $120.89. The firm has a market capitalization of $42.72 billion, a PE ratio of 25.76 and a beta of 0.73. CME Group Inc. has a 52-week low of $98.95 and a 52-week high of $127.96.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The company had revenue of $925 million during the quarter, compared to the consensus estimate of $931.05 million. During the same quarter in the prior year, the company posted $1.14 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that CME Group Inc. will post $4.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 7th. CME Group’s dividend payout ratio is currently 53.99%.
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Several research firms recently issued reports on CME. BidaskClub upgraded shares of CME Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada set a $135.00 price objective on shares of CME Group and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and set a $134.00 price objective (up from $128.00) on shares of CME Group in a research report on Monday, July 17th. Keefe, Bruyette & Woods restated a “hold” rating and set a $127.00 price objective on shares of CME Group in a research report on Friday, July 14th. Finally, Citigroup Inc. began coverage on shares of CME Group in a research report on Wednesday, July 12th. They set a “buy” rating and a $140.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. CME Group has an average rating of “Hold” and an average target price of $131.63.
In other news, COO Julie Holzrichter sold 11,915 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $125.67, for a total transaction of $1,497,358.05. Following the completion of the transaction, the chief operating officer now owns 43,657 shares of the company’s stock, valued at approximately $5,486,375.19. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Bryan T. Durkin sold 9,200 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $125.13, for a total transaction of $1,151,196.00. Following the transaction, the president now directly owns 70,938 shares of the company’s stock, valued at approximately $8,876,471.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,885 shares of company stock valued at $11,217,668. Corporate insiders own 0.61% of the company’s stock.
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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