Spirit of America Management Corp NY Has $745,000 Stake in CME Group Inc (CME)
Spirit of America Management Corp NY lifted its holdings in shares of CME Group Inc (NASDAQ:CME) by 15.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,100 shares of the financial services provider’s stock after acquiring an additional 700 shares during the period. Spirit of America Management Corp NY’s holdings in CME Group were worth $745,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in CME Group by 13.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 944 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 113 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in CME Group during the 3rd quarter worth approximately $124,000. San Francisco Sentry Investment Group CA bought a new position in CME Group during the 2nd quarter worth approximately $129,000. People s United Financial Inc. boosted its stake in CME Group by 11.5% during the 2nd quarter. People s United Financial Inc. now owns 1,063 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 110 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new position in CME Group during the 2nd quarter worth approximately $150,000. 82.78% of the stock is currently owned by institutional investors and hedge funds.
CME Group Inc (CME) opened at $151.45 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.11. CME Group Inc has a one year low of $114.82 and a one year high of $155.29. The firm has a market cap of $51,613.30, a P/E ratio of 34.34, a price-to-earnings-growth ratio of 2.03 and a beta of 0.72.
CME Group (NASDAQ:CME) last announced its quarterly 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 net margin of 40.94% and a return on equity of 7.89%. The firm had revenue of $890.80 million for the quarter, compared to analyst estimates of $890.22 million. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. equities research analysts expect that CME Group Inc will post 4.75 EPS for the current year.
The firm also recently disclosed a dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, December 28th were given a $3.50 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This is a positive change from CME Group’s previous dividend of $3.25. CME Group’s payout ratio is currently 59.86%.
Several research firms recently weighed in on CME. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of CME Group from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research note on Tuesday, January 2nd. Citigroup lifted their price target on shares of CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Royal Bank of Canada lifted their price target on shares of CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a research note on Monday, October 16th. Finally, Barclays lifted their price target on shares of CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. CME Group currently has an average rating of “Buy” and a consensus target price of $144.22.
In other news, CFO John W. Pietrowicz sold 7,500 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $151.50, for a total value of $1,136,250.00. Following the sale, the chief financial officer now owns 32,376 shares of the company’s stock, valued at $4,904,964. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey M. Bernacchi sold 1,501 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $149.75, for a total transaction of $224,774.75. Following the completion of the sale, the director now directly owns 60,194 shares in the company, valued at approximately $9,014,051.50. The disclosure for this sale can be found here. In the last three months, insiders sold 42,603 shares of company stock worth $6,250,726. 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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