Toronto Dominion Bank Has $19.07 Million Stake in CME Group Inc. (CME)
Toronto Dominion Bank grew its stake in CME Group Inc. (NASDAQ:CME) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,565 shares of the financial services provider’s stock after acquiring an additional 11,107 shares during the quarter. Toronto Dominion Bank’s holdings in CME Group were worth $19,073,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in CME. Janus Henderson Group PLC increased its holdings in shares of CME Group by 13,530.7% in the 2nd quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock valued at $770,227,000 after acquiring an additional 6,104,897 shares during the period. Fiera Capital Corp increased its holdings in shares of CME Group by 243.9% in the 2nd quarter. Fiera Capital Corp now owns 1,926,918 shares of the financial services provider’s stock valued at $241,327,000 after acquiring an additional 1,366,557 shares during the period. Wells Fargo & Company MN increased its holdings in shares of CME Group by 25.5% in the 2nd quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock valued at $548,496,000 after acquiring an additional 889,217 shares during the period. BT Investment Management Ltd purchased a new position in shares of CME Group in the 2nd quarter valued at $95,104,000. Finally, Pioneer Investment Management Inc. increased its holdings in shares of CME Group by 1,359.5% in the 2nd quarter. Pioneer Investment Management Inc. now owns 697,380 shares of the financial services provider’s stock valued at $87,340,000 after acquiring an additional 649,599 shares during the period. Institutional investors and hedge funds own 82.63% of the company’s stock.
Shares of CME Group Inc. (NASDAQ:CME) traded down $0.16 on Monday, reaching $137.88. The company’s stock had a trading volume of 750,100 shares, compared to its average volume of 1,365,295. CME Group Inc. has a 12 month low of $111.19 and a 12 month high of $141.07. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The firm has a market cap of $47,370.00, a PE ratio of 28.84, a P/E/G ratio of 2.82 and a beta of 0.71.
CME Group (NASDAQ:CME) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The company had revenue of $890.80 million during the quarter, compared to analysts’ expectations of $890.22 million. During the same quarter in the previous year, the firm posted $1.05 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. equities research analysts predict that CME Group Inc. will post 4.8 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Friday, December 8th will be given a dividend of $0.66 per share. The ex-dividend date is Thursday, December 7th. This represents a $2.64 dividend on an annualized basis and a yield of 1.91%. CME Group’s dividend payout ratio is currently 59.86%.
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A number of analysts have recently weighed in on CME shares. Jefferies Group LLC reissued a “buy” rating and issued a $134.00 price objective (up previously from $128.00) on shares of CME Group in a research report on Monday, July 17th. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. UBS AG reissued a “buy” rating and issued a $135.00 price objective (up previously from $134.00) on shares of CME Group in a research report on Wednesday, September 6th. Royal Bank Of Canada set a $135.00 price objective on CME Group and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Citigroup Inc. raised their price objective on CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. CME Group presently has a consensus rating of “Buy” and an average price target of $138.89.
In other CME Group news, CFO John W. Pietrowicz sold 5,175 shares of CME Group stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $139.70, for a total transaction of $722,947.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel R. Glickman sold 850 shares of CME Group stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $126.65, for a total value of $107,652.50. Following the transaction, the director now owns 13,799 shares of the company’s stock, valued at approximately $1,747,643.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,339 shares of company stock valued at $1,548,086. 0.57% of the stock is currently owned by insiders.
CME Group 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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