Capital International Investors lessened its holdings in CME Group Inc (NASDAQ:CME) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,114,583 shares of the financial services provider’s stock after selling 1,353,046 shares during the period. CME Group comprises approximately 0.8% of Capital International Investors’ portfolio, making the stock its 28th biggest position. Capital International Investors’ holdings in CME Group were worth $2,431,637,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Covington Capital Management boosted its position in CME Group by 2.4% during the fourth quarter. Covington Capital Management now owns 2,099 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 49 shares during the last quarter. Conning Inc. raised its holdings in CME Group by 1.0% during the fourth quarter. Conning Inc. now owns 5,120 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 50 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in CME Group by 1.0% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 5,070 shares of the financial services provider’s stock valued at $1,018,000 after buying an additional 50 shares in the last quarter. StrategIQ Financial Group LLC raised its holdings in CME Group by 0.4% during the fourth quarter. StrategIQ Financial Group LLC now owns 11,551 shares of the financial services provider’s stock valued at $2,319,000 after buying an additional 50 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in CME Group by 0.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 17,724 shares of the financial services provider’s stock valued at $3,558,000 after buying an additional 51 shares in the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.
In related news, insider Julie Winkler sold 5,620 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $210.97, for a total transaction of $1,185,651.40. Following the transaction, the insider now directly owns 25,114 shares in the company, valued at $5,298,300.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Julie Holzrichter sold 3,061 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $203.37, for a total value of $622,515.57. Following the transaction, the chief operating officer now owns 37,284 shares in the company, valued at $7,582,447.08. The disclosure for this sale can be found here. Insiders sold 9,681 shares of company stock worth $2,009,327 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.
Shares of CME Group stock traded up $16.65 during trading on Thursday, reaching $172.98. The company’s stock had a trading volume of 156,792 shares, compared to its average volume of 3,817,817. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. The business’s fifty day moving average price is $198.01 and its 200-day moving average price is $204.89. The firm has a market cap of $54.57 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 2.49 and a beta of 0.18. CME Group Inc has a one year low of $131.80 and a one year high of $225.36.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.02). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. CME Group had a return on equity of 9.22% and a net margin of 43.48%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 earnings per share. Sell-side analysts anticipate that CME Group Inc will post 7.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th were paid a $0.85 dividend. The ex-dividend date was Monday, March 9th. This is a positive change from CME Group’s previous quarterly dividend of $0.75. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.97%. CME Group’s payout ratio is presently 50.00%.
Several equities analysts have weighed in on the company. Oppenheimer assumed coverage on CME Group in a report on Wednesday, February 12th. They set a “buy” rating and a $234.00 target price on the stock. Sanford C. Bernstein lowered CME Group from an “outperform” rating to a “market perform” rating in a report on Friday, January 10th. JPMorgan Chase & Co. cut their target price on CME Group from $183.00 to $173.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. UBS Group upgraded CME Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $214.00 to $233.00 in a report on Wednesday, February 26th. Finally, BidaskClub lowered CME Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. CME Group currently has an average rating of “Hold” and an average price target of $208.27.
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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