CME Group Inc (NASDAQ:CME) Shares Bought by Viking Fund Management LLC

Viking Fund Management LLC raised its holdings in shares of CME Group Inc (NASDAQ:CME) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,200 shares of the financial services provider’s stock after acquiring an additional 1,200 shares during the quarter. Viking Fund Management LLC’s holdings in CME Group were worth $4,265,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Capital International Investors boosted its position in shares of CME Group by 11.4% in the 3rd quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock valued at $1,694,514,000 after purchasing an additional 1,279,058 shares during the period. Janus Henderson Group PLC boosted its position in shares of CME Group by 13,530.7% in the 2nd quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock valued at $770,227,000 after purchasing an additional 6,104,897 shares during the period. Thornburg Investment Management Inc. boosted its position in shares of CME Group by 5.4% in the 3rd quarter. Thornburg Investment Management Inc. now owns 3,902,886 shares of the financial services provider’s stock valued at $529,544,000 after purchasing an additional 200,483 shares during the period. APG Asset Management N.V. boosted its position in shares of CME Group by 10.7% in the 3rd quarter. APG Asset Management N.V. now owns 2,021,128 shares of the financial services provider’s stock valued at $274,227,000 after purchasing an additional 196,171 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of CME Group by 5.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,711,123 shares of the financial services provider’s stock valued at $249,910,000 after purchasing an additional 89,480 shares during the period. 82.65% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. BidaskClub cut CME Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Citigroup upped their target price on CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Berenberg Bank assumed coverage on CME Group in a research report on Thursday, January 25th. They issued a “hold” rating and a $170.00 target price for the company. Goldman Sachs Group raised CME Group from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Wednesday. Finally, Royal Bank of Canada upped their target price on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. CME Group presently has a consensus rating of “Buy” and an average target price of $157.00.

In other news, Chairman Terrence A. Duffy sold 20,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $151.66, for a total transaction of $3,033,200.00. Following the completion of the transaction, the chairman now directly owns 99,239 shares of the company’s stock, valued at approximately $15,050,586.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sunil Cutinho sold 2,600 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $139.57, for a total value of $362,882.00. Following the transaction, the insider now directly owns 22,301 shares of the company’s stock, valued at $3,112,550.57. The disclosure for this sale can be found here. Insiders have sold a total of 67,128 shares of company stock valued at $10,086,157 over the last ninety days. 0.57% of the stock is owned by insiders.

Shares of CME Group Inc (CME) opened at $156.85 on Friday. CME Group Inc has a 1 year low of $114.82 and a 1 year high of $163.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.05 and a current ratio of 1.03. The firm has a market capitalization of $53,190.19, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 2.05 and a beta of 0.64.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The company had revenue of $900.00 million during the quarter, compared to analysts’ expectations of $886.85 million. During the same period last year, the firm earned $1.14 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. equities analysts predict that CME Group Inc will post 6.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.79%. This is a boost from CME Group’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, March 8th. CME Group’s dividend payout ratio (DPR) is presently 22.11%.

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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.

Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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