Laurion Capital Management LP Has $7.41 Million Stake in CME Group Inc (CME)
Laurion Capital Management LP grew its position in CME Group Inc (NASDAQ:CME) by 50.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,005 shares of the financial services provider’s stock after purchasing an additional 15,000 shares during the period. Laurion Capital Management LP’s holdings in CME Group were worth $7,407,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC boosted its position in shares of CME Group by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 22,040 shares of the financial services provider’s stock worth $4,146,000 after purchasing an additional 60 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of CME Group by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,575 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 65 shares during the period. Dubuque Bank & Trust Co. boosted its position in shares of CME Group by 83.1% during the 1st quarter. Dubuque Bank & Trust Co. now owns 152 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 69 shares during the period. Front Barnett Associates LLC boosted its position in shares of CME Group by 5.4% during the 4th quarter. Front Barnett Associates LLC now owns 1,433 shares of the financial services provider’s stock worth $267,000 after purchasing an additional 73 shares during the period. Finally, Ascension Asset Management LLC boosted its position in shares of CME Group by 0.6% during the 4th quarter. Ascension Asset Management LLC now owns 12,385 shares of the financial services provider’s stock worth $2,330,000 after purchasing an additional 75 shares during the period. 84.78% of the stock is owned by institutional investors and hedge funds.
In other news, insider Kathleen M. Cronin sold 8,340 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.54, for a total value of $1,397,283.60. Following the sale, the insider now directly owns 41,604 shares in the company, valued at approximately $6,970,334.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey M. Bernacchi sold 10,087 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $177.94, for a total transaction of $1,794,880.78. Following the completion of the sale, the director now owns 42,004 shares in the company, valued at $7,474,191.76. The disclosure for this sale can be found here. Insiders sold a total of 38,489 shares of company stock valued at $6,739,196 in the last three months. 1.20% of the stock is currently owned by corporate insiders.
Shares of CME stock opened at $183.85 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.04 and a quick ratio of 1.04. CME Group Inc has a 52 week low of $157.21 and a 52 week high of $197.08. The company has a market capitalization of $65.64 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 4.21 and a beta of 0.32.
CME Group (NASDAQ:CME) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.02. CME Group had a net margin of 42.47% and a return on equity of 9.29%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company posted $1.86 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that CME Group Inc will post 6.62 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be given a $0.75 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.63%. CME Group’s dividend payout ratio is presently 43.99%.
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About CME Group
CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.
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