Keybank National Association OH Sells 7,025 Shares of CME Group Inc (CME)
Keybank National Association OH lessened its holdings in CME Group Inc (NASDAQ:CME) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 296,433 shares of the financial services provider’s stock after selling 7,025 shares during the quarter. Keybank National Association OH’s holdings in CME Group were worth $43,294,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC bought a new position in CME Group during the 3rd quarter worth approximately $124,000. Bank of Nova Scotia Trust Co. bought a new position in CME Group during the 3rd quarter worth approximately $165,000. SeaCrest Wealth Management LLC bought a new position in CME Group during the 4th quarter worth approximately $203,000. Wesbanco Bank Inc. bought a new position in CME Group during the 4th quarter worth approximately $205,000. Finally, Dempze Nancy E bought a new position in CME Group during the 4th quarter worth approximately $205,000. 82.85% of the stock is currently owned by institutional investors.
Shares of CME Group Inc (CME) opened at $160.16 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.05 and a current ratio of 1.03. The company has a market cap of $54,302.48, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 2.10 and a beta of 0.64. CME Group Inc has a fifty-two week low of $114.82 and a fifty-two week high of $163.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 9th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from CME Group’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.75%. CME Group’s dividend payout ratio (DPR) is 22.11%.
In other news, insider Sunil Cutinho sold 2,600 shares of CME Group stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $139.57, for a total value of $362,882.00. Following the sale, the insider now directly owns 22,301 shares in the company, valued at $3,112,550.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Terrence A. Duffy sold 20,000 shares of CME Group stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.66, for a total transaction of $3,033,200.00. Following the completion of the sale, the chairman now owns 99,239 shares in the company, valued at $15,050,586.74. The disclosure for this sale can be found here. Insiders sold 67,128 shares of company stock worth $10,086,157 over the last quarter. 0.57% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on CME shares. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Berenberg Bank started coverage on shares of CME Group in a research note on Thursday, January 25th. They set a “hold” rating and a $170.00 price objective on the stock. Zacks Investment Research raised shares of CME Group from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a research note on Tuesday, January 2nd. Goldman Sachs Group raised shares of CME Group from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Wednesday, February 7th. Finally, Bank of America lifted their price objective on shares of CME Group from $173.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $157.00.
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About CME Group
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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