Engineers Gate Manager LP Acquires Shares of 6,032 CME Group Inc. (CME)
Engineers Gate Manager LP acquired a new position in shares of CME Group Inc. (NASDAQ:CME) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,032 shares of the financial services provider’s stock, valued at approximately $755,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. AGF Investments Inc. raised its stake in shares of CME Group by 0.4% during the 2nd quarter. AGF Investments Inc. now owns 210,156 shares of the financial services provider’s stock worth $26,334,000 after purchasing an additional 878 shares in the last quarter. WESPAC Advisors LLC raised its stake in shares of CME Group by 39.9% during the 2nd quarter. WESPAC Advisors LLC now owns 3,382 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 964 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of CME Group during the 2nd quarter worth about $162,000. Marvin & Palmer Associates Inc. raised its stake in shares of CME Group by 100.7% during the 2nd quarter. Marvin & Palmer Associates Inc. now owns 57,278 shares of the financial services provider’s stock worth $7,173,000 after purchasing an additional 28,745 shares in the last quarter. Finally, Fiduciary Trust Co. purchased a new stake in shares of CME Group during the 2nd quarter worth about $105,000. 82.67% of the stock is owned by institutional investors.
In other CME Group news, CFO John W. Pietrowicz sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $124.50, for a total value of $311,250.00. Following the sale, the chief financial officer now owns 38,495 shares in the company, valued at $4,792,627.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis Suskind sold 750 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $129.34, for a total value of $97,005.00. Following the completion of the sale, the director now owns 5,059 shares in the company, valued at approximately $654,331.06. The disclosure for this sale can be found here. Insiders have sold 48,244 shares of company stock worth $6,021,890 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.
Shares of CME Group Inc. (NASDAQ:CME) opened at 131.29 on Friday. The firm has a 50-day moving average price of $126.18 and a 200-day moving average price of $122.07. CME Group Inc. has a 12-month low of $98.95 and a 12-month high of $132.34. The firm has a market cap of $44.63 billion, a price-to-earnings ratio of 26.80 and a beta of 0.72.
CME Group (NASDAQ:CME) last released its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The business had revenue of $925.00 million for the quarter, compared to analyst estimates of $931.05 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. CME Group’s revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that CME Group Inc. will post $4.81 EPS 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. The ex-dividend date is Thursday, September 7th. This represents a $2.64 annualized dividend and a yield of 2.01%. CME Group’s payout ratio is presently 53.99%.
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A number of equities research analysts have recently weighed in on the company. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays PLC assumed coverage on CME Group in a research note on Friday, September 8th. They issued an “overweight” rating and a $139.00 price objective on the stock. UBS AG reissued a “buy” rating and issued a $135.00 price objective (up from $134.00) on shares of CME Group in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $127.00 price objective on shares of CME Group in a research note on Friday, August 18th. Finally, Royal Bank Of Canada set a $135.00 price objective on CME Group and gave the company a “buy” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $132.56.
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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