Blueshift Asset Management LLC purchased a new position in CME Group Inc (NASDAQ:CME) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,251 shares of the financial services provider’s stock, valued at approximately $235,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in CME Group by 8.2% during the 4th quarter. BlackRock Inc. now owns 24,250,752 shares of the financial services provider’s stock valued at $4,562,052,000 after buying an additional 1,828,640 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in CME Group by 18,502.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,220,459 shares of the financial services provider’s stock valued at $86,000 after buying an additional 16,133,266 shares in the last quarter. Capital International Investors increased its position in CME Group by 18.3% during the 3rd quarter. Capital International Investors now owns 15,425,378 shares of the financial services provider’s stock valued at $2,625,554,000 after buying an additional 2,383,280 shares in the last quarter. Capital Research Global Investors increased its position in CME Group by 107.8% during the 3rd quarter. Capital Research Global Investors now owns 10,906,683 shares of the financial services provider’s stock valued at $1,856,427,000 after buying an additional 5,658,108 shares in the last quarter. Finally, Edgewood Management LLC increased its position in CME Group by 9.5% during the 3rd quarter. Edgewood Management LLC now owns 8,582,518 shares of the financial services provider’s stock valued at $1,460,830,000 after buying an additional 742,067 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Jeffrey M. Bernacchi sold 10,087 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $177.94, for a total value of $1,794,880.78. Following the sale, the director now owns 42,004 shares in the company, valued at $7,474,191.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John W. Pietrowicz sold 17,960 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $186.92, for a total value of $3,357,083.20. Following the completion of the sale, the chief financial officer now owns 44,780 shares in the company, valued at approximately $8,370,277.60. The disclosure for this sale can be found here. Insiders sold 32,609 shares of company stock worth $5,984,391 over the last three months. Corporate insiders own 0.43% of the company’s stock.
Shares of CME stock opened at $168.43 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $60.12 billion, a PE ratio of 24.70, a PEG ratio of 2.15 and a beta of 0.31. CME Group Inc has a fifty-two week low of $153.90 and a fifty-two week high of $197.08.
CME Group (NASDAQ:CME) last announced its quarterly earnings data on Thursday, February 14th. The financial services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. CME Group had a return on equity of 9.85% and a net margin of 45.53%. The company’s revenue was up 37.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 earnings per share. Research analysts anticipate that CME Group Inc will post 7.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Friday, March 8th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from CME Group’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.78%. CME Group’s dividend payout ratio is currently 43.99%.
Several research analysts recently issued reports on CME shares. Zacks Investment Research lowered CME Group from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Bank of America reaffirmed a “neutral” rating and set a $191.00 target price (down from $200.00) on shares of CME Group in a research report on Friday, January 11th. They noted that the move was a valuation call. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $210.00 target price on shares of CME Group in a research report on Friday, February 15th. UBS Group lowered CME Group from a “buy” rating to a “neutral” rating and upped their target price for the company from $185.00 to $204.00 in a research report on Wednesday, November 28th. Finally, Berenberg Bank raised CME Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $193.47.
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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 products, and metals.
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