Public Sector Pension investment Board Has $11.75 Million Position in CME Group Inc. (CME)
Public Sector Pension investment Board boosted its stake in shares of CME Group Inc. (NASDAQ:CME) by 21.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,810 shares of the financial services provider’s stock after purchasing an additional 16,700 shares during the quarter. Public Sector Pension investment Board’s holdings in CME Group were worth $11,749,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in CME Group by 29.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,195 shares of the financial services provider’s stock worth $2,993,000 after acquiring an additional 5,742 shares during the period. Toronto Dominion Bank boosted its position in CME Group by 54.4% during the 1st quarter. Toronto Dominion Bank now owns 104,866 shares of the financial services provider’s stock worth $12,461,000 after acquiring an additional 36,967 shares during the period. Warren Averett Asset Management LLC boosted its position in CME Group by 36.1% during the 1st quarter. Warren Averett Asset Management LLC now owns 2,729 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 724 shares during the period. Sawtooth Solutions LLC boosted its position in CME Group by 16.3% during the 1st quarter. Sawtooth Solutions LLC now owns 2,185 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 306 shares during the period. Finally, Arxis Securities LLC acquired a new position in CME Group during the 1st quarter worth $745,000. Institutional investors own 82.64% of the company’s stock.
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A number of brokerages have issued reports on CME. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $133.00 price target on shares of CME Group in a research report on Thursday. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. Royal Bank Of Canada boosted their price objective on CME Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 20th. Deutsche Bank AG dropped their price objective on CME Group from $139.00 to $136.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $133.22.
In related news, President Bryan T. Durkin sold 9,200 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $125.13, for a total transaction of $1,151,196.00. Following the sale, the president now owns 70,938 shares of the company’s stock, valued at approximately $8,876,471.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis Suskind sold 750 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $129.34, for a total value of $97,005.00. Following the sale, the director now directly owns 5,059 shares in the company, valued at approximately $654,331.06. The disclosure for this sale can be found here. Insiders sold a total of 48,244 shares of company stock worth $6,021,890 over the last 90 days. 0.57% of the stock is owned by corporate insiders.
Shares of CME Group Inc. (CME) opened at 133.00 on Friday. The firm has a market capitalization of $45.21 billion, a price-to-earnings ratio of 27.15 and a beta of 0.72. CME Group Inc. has a 12 month low of $98.95 and a 12 month high of $133.00. The stock’s 50 day moving average price is $126.73 and its 200-day moving average price is $122.14.
CME Group (NASDAQ:CME) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 period last year, the company earned $1.14 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that CME Group Inc. will post $4.82 EPS for the current fiscal year.
The business also recently declared 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. The ex-dividend date is Thursday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 1.97%. CME Group’s dividend payout ratio is currently 53.99%.
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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