CME Group Inc (CME) Position Raised by Beacon Investment Advisory Services Inc.
Beacon Investment Advisory Services Inc. increased its holdings in shares of CME Group Inc (NASDAQ:CME) by 1,584.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,349 shares of the financial services provider’s stock after purchasing an additional 56,766 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in CME Group were worth $8,188,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its holdings in CME Group by 13,530.7% in the second quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock worth $770,227,000 after acquiring an additional 6,104,897 shares in the last quarter. Fiera Capital Corp boosted its holdings in CME Group by 243.9% in the second quarter. Fiera Capital Corp now owns 1,926,918 shares of the financial services provider’s stock worth $241,327,000 after acquiring an additional 1,366,557 shares in the last quarter. Capital International Investors boosted its holdings in CME Group by 11.4% in the third quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock worth $1,694,514,000 after acquiring an additional 1,279,058 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in CME Group by 25.5% in the second quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock worth $548,496,000 after acquiring an additional 889,217 shares in the last quarter. Finally, BT Investment Management Ltd bought a new position in CME Group in the second quarter worth approximately $95,104,000. 83.17% of the stock is owned by institutional investors and hedge funds.
CME Group Inc (CME) opened at $152.82 on Monday. CME Group Inc has a fifty-two week low of $113.27 and a fifty-two week high of $155.29. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $52,000.00, a P/E ratio of 31.97, a PEG ratio of 3.14 and a beta of 0.73.
CME Group (NASDAQ:CME) last posted its earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $890.22 million. During the same quarter last year, the company earned $1.05 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. sell-side analysts forecast that CME Group Inc will post 4.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 8th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.73%. CME Group’s dividend payout ratio is presently 59.86%.
Several research analysts have issued reports on the company. BidaskClub upgraded CME Group from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Citigroup increased their price target on CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Barclays assumed coverage on CME Group in a report on Friday, September 8th. They issued an “overweight” rating and a $139.00 price target on the stock. Wells Fargo & Company increased their price target on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $133.00 target price on shares of CME Group in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $141.75.
In related news, insider Kimberly S. Taylor sold 8,125 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $150.00, for a total transaction of $1,218,750.00. Following the completion of the sale, the insider now directly owns 120,590 shares of the company’s stock, valued at $18,088,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Julie Holzrichter sold 12,920 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $144.08, for a total value of $1,861,513.60. The disclosure for this sale can be found here. Insiders sold 34,171 shares of company stock worth $4,919,243 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.
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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