Fort Washington Investment Advisors Inc. OH Sells 350 Shares of CME Group Inc. (CME)
Fort Washington Investment Advisors Inc. OH cut its holdings in shares of CME Group Inc. (NASDAQ:CME) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,610 shares of the financial services provider’s stock after selling 350 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in CME Group were worth $3,834,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in CME. BlackRock Inc. lifted its stake in CME Group by 2,172.6% during the first quarter. BlackRock Inc. now owns 27,265,611 shares of the financial services provider’s stock valued at $3,239,152,000 after purchasing an additional 26,065,883 shares during the last quarter. Edgewood Management LLC lifted its stake in CME Group by 26.4% during the first quarter. Edgewood Management LLC now owns 7,228,349 shares of the financial services provider’s stock valued at $858,728,000 after purchasing an additional 1,511,753 shares during the last quarter. Fiera Capital Corp lifted its stake in CME Group by 243.9% during the second quarter. Fiera Capital Corp now owns 1,926,918 shares of the financial services provider’s stock valued at $241,327,000 after purchasing an additional 1,366,557 shares during the last quarter. Wells Fargo & Company MN lifted its stake in CME Group by 25.5% during the second quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock valued at $548,496,000 after purchasing an additional 889,217 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in CME Group by 3.8% during the first quarter. Vanguard Group Inc. now owns 22,232,434 shares of the financial services provider’s stock valued at $2,641,214,000 after purchasing an additional 806,282 shares during the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on the stock. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Jefferies Group LLC restated a “buy” rating and issued a $134.00 price target (up previously from $128.00) on shares of CME Group in a research report on Monday, July 17th. Royal Bank Of Canada upped their price target on shares of CME Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded shares of CME Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Barclays PLC began coverage on shares of CME Group in a research report on Friday, September 8th. They issued an “overweight” rating and a $139.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $132.56.
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Shares of CME Group Inc. (NASDAQ:CME) traded up 0.10% on Thursday, hitting $131.00. 83,725 shares of the stock traded hands. The firm has a market capitalization of $44.53 billion, a PE ratio of 26.74 and a beta of 0.72. CME Group Inc. has a 52 week low of $98.95 and a 52 week high of $131.24. The firm’s 50 day moving average is $125.35 and its 200 day moving average is $121.87.
CME Group (NASDAQ:CME) last announced its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share 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 firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $931.05 million. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, analysts expect that CME Group Inc. will post $4.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, September 7th. CME Group’s dividend payout ratio is presently 53.99%.
In other CME Group news, Director Martin J. Gepsman sold 200 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $126.14, for a total transaction of $25,228.00. Following the sale, the director now directly owns 43,311 shares of the company’s stock, valued at $5,463,249.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis Suskind sold 750 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $129.34, for a total transaction of $97,005.00. Following the sale, the director now directly owns 5,059 shares in the company, valued at $654,331.06. The disclosure for this sale can be found here. In the last three months, insiders sold 48,244 shares of company stock worth $6,021,890. 0.57% 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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