HBK Investments L P lessened its stake in shares of CME Group Inc (NASDAQ:CME) by 77.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,664 shares of the financial services provider’s stock after selling 23,443 shares during the quarter. HBK Investments L P’s holdings in CME Group were worth $973,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Empire Life Investments Inc. increased its stake in shares of CME Group by 1.1% in the 4th quarter. Empire Life Investments Inc. now owns 99,153 shares of the financial services provider’s stock valued at $14,481,000 after buying an additional 1,067 shares during the period. HPM Partners LLC acquired a new stake in shares of CME Group in the 4th quarter valued at $366,000. Nomura Asset Management Co. Ltd. increased its stake in shares of CME Group by 134.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 190,829 shares of the financial services provider’s stock valued at $27,870,000 after buying an additional 109,432 shares during the period. AMP Capital Investors Ltd increased its stake in shares of CME Group by 0.8% in the 4th quarter. AMP Capital Investors Ltd now owns 234,910 shares of the financial services provider’s stock valued at $34,310,000 after buying an additional 1,935 shares during the period. Finally, VGI PARTNERS PTY Ltd increased its stake in shares of CME Group by 16.5% in the 4th quarter. VGI PARTNERS PTY Ltd now owns 998,327 shares of the financial services provider’s stock valued at $145,806,000 after buying an additional 141,272 shares during the period. Institutional investors and hedge funds own 83.09% of the company’s stock.
A number of brokerages recently commented on CME. Goldman Sachs raised CME Group from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Wednesday, February 7th. Zacks Investment Research raised CME Group from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a research note on Tuesday, January 2nd. BidaskClub cut CME Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Citigroup reaffirmed a “buy” rating and set a $172.00 price objective (up from $155.00) on shares of CME Group in a research note on Monday, January 29th. Finally, Bank of America lifted their price objective on CME Group from $173.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. CME Group presently has a consensus rating of “Buy” and a consensus price target of $157.77.
CME Group Inc (NASDAQ CME) opened at $160.16 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $55,993.34, a PE ratio of 13.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.54. CME Group Inc has a twelve month low of $114.82 and a twelve month high of $171.71.
CME Group (NASDAQ:CME) last posted its earnings results on Thursday, February 1st. The financial services provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.02. The firm had revenue of $900.00 million for the quarter, compared to analyst estimates of $886.85 million. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. equities analysts predict that CME Group Inc will post 6.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from CME Group’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a yield of 1.75%. CME Group’s payout ratio is currently 23.45%.
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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.
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