First Quadrant L P CA continued to hold its position in CME Group Inc. (NASDAQ:CME) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,764 shares of the financial services provider’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in CME Group were worth $471,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in 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 during the last quarter. Vanguard Group Inc. boosted its position in 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 during the last quarter. Edgewood Management LLC boosted its position in 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 during the last quarter. Janus Capital Management LLC boosted its position in 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 during the last quarter. Finally, Wells Fargo & Company MN boosted its position in 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 during the last quarter. Institutional investors own 83.25% of the company’s stock.
CME Group Inc. (CME) opened at 125.36 on Friday. CME Group Inc. has a 52-week low of $98.95 and a 52-week high of $127.96. The company has a market capitalization of $42.61 billion, a price-to-earnings ratio of 25.59 and a beta of 0.73. The stock has a 50 day moving average price of $123.50 and a 200 day moving average price of $121.13.
CME Group (NASDAQ:CME) last released its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $925 million during the quarter, compared to analyst estimates of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. CME Group’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. On average, equities analysts expect that CME Group Inc. will post $4.80 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.64 dividend on an annualized basis and a yield of 2.11%. CME Group’s dividend payout ratio (DPR) is presently 53.99%.
ILLEGAL ACTIVITY NOTICE: “CME Group Inc. (NASDAQ:CME) Position Maintained by First Quadrant L P CA” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://stocknewstimes.com/2017/08/18/first-quadrant-l-p-ca-has-471000-stake-in-cme-group-inc-nasdaqcme-updated-updated.html.
CME has been the subject of a number of recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $128.00 price objective on shares of CME Group in a report on Monday, July 10th. Deutsche Bank AG restated a “buy” rating and set a $133.00 price objective (down previously from $134.00) on shares of CME Group in a report on Monday, May 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $127.00 price objective on shares of CME Group in a report on Friday, July 14th. Citigroup Inc. assumed coverage on CME Group in a report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 target price for the company. Finally, BidaskClub upgraded 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 given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $131.63.
In other CME Group news, insider Kathleen M. Cronin sold 8,125 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $127.35, for a total value of $1,034,718.75. Following the sale, the insider now directly owns 38,174 shares in the company, valued at $4,861,458.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Martin J. Gepsman sold 200 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $126.14, for a total value of $25,228.00. Following the completion of the sale, the director now owns 43,311 shares in the company, valued at $5,463,249.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,085 shares of company stock valued at $11,242,896. 0.61% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for CME Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CME Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
