UMB Bank N A MO reduced its position in shares of CME Group Inc. (NASDAQ:CME) by 10.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,301 shares of the financial services provider’s stock after selling 21,874 shares during the period. UMB Bank N A MO owned 0.06% of CME Group worth $24,460,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of CME Group by 2,172.6% in the first quarter. BlackRock Inc. now owns 27,265,611 shares of the financial services provider’s stock worth $3,239,152,000 after buying an additional 26,065,883 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CME Group by 3.8% in the first quarter. Vanguard Group Inc. now owns 22,232,434 shares of the financial services provider’s stock worth $2,641,214,000 after buying an additional 806,282 shares in the last quarter. Edgewood Management LLC boosted its stake in shares of CME Group by 26.4% in the first quarter. Edgewood Management LLC now owns 7,228,349 shares of the financial services provider’s stock worth $858,728,000 after buying an additional 1,511,753 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of CME Group by 4.7% in the first quarter. Janus Capital Management LLC now owns 5,609,151 shares of the financial services provider’s stock worth $666,367,000 after buying an additional 253,258 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of CME Group by 25.5% in the first quarter. Wells Fargo & Company MN now owns 3,490,351 shares of the financial services provider’s stock worth $414,653,000 after buying an additional 709,012 shares in the last quarter. Hedge funds and other institutional investors own 83.29% of the company’s stock.
CME Group Inc. (NASDAQ CME) opened at 123.26 on Friday. The stock has a market capitalization of $41.90 billion, a P/E ratio of 25.16 and a beta of 0.73. CME Group Inc. has a 12-month low of $98.95 and a 12-month high of $127.96. The firm’s 50-day moving average is $123.41 and its 200-day moving average is $120.96.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. The business had revenue of $925 million during the quarter, compared to the consensus estimate of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. Analysts predict that CME Group Inc. will post $4.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a $0.66 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.64 dividend on an annualized basis and a yield of 2.14%. CME Group’s dividend payout ratio (DPR) is 53.99%.
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Several equities analysts have recently weighed in on CME shares. Jefferies Group LLC reissued a “buy” rating and issued a $128.00 price objective on shares of CME Group in a research report on Monday, July 10th. Deutsche Bank AG reaffirmed a “buy” rating and set a $133.00 price target (down from $134.00) on shares of CME Group in a research report on Monday, May 15th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $127.00 target price on shares of CME Group in a report on Friday, July 14th. Citigroup Inc. initiated coverage on shares of CME Group in a report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 target price on the stock. Finally, BidaskClub raised shares of CME Group from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. CME Group has an average rating of “Hold” and a consensus price target of $131.63.
In other news, Director Martin J. Gepsman sold 200 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $126.14, for a total transaction of $25,228.00. Following the completion of the transaction, the director now directly owns 43,311 shares in the company, valued at $5,463,249.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Bryan T. Durkin sold 9,200 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $125.13, for a total value of $1,151,196.00. Following the transaction, the president now owns 70,938 shares of the company’s stock, valued at $8,876,471.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,085 shares of company stock valued at $11,242,896. 0.61% of the stock is owned by corporate 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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