Chevy Chase Trust Holdings Inc. grew its stake in shares of CME Group Inc (NASDAQ:CME) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 641,618 shares of the financial services provider’s stock after purchasing an additional 8,077 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.19% of CME Group worth $93,707,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in shares of CME Group by 11.4% during the third quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock valued at $1,694,514,000 after acquiring an additional 1,279,058 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of CME Group by 13,530.7% during the second quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock valued at $770,227,000 after acquiring an additional 6,104,897 shares in the last quarter. Thornburg Investment Management Inc. raised its holdings in shares of CME Group by 5.4% during the third quarter. Thornburg Investment Management Inc. now owns 3,902,886 shares of the financial services provider’s stock valued at $529,544,000 after acquiring an additional 200,483 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of CME Group by 10.7% during the third 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 acquiring an additional 196,171 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of CME Group by 5.5% during the fourth 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 acquiring an additional 89,480 shares in the last quarter. 82.82% of the stock is owned by hedge funds and other institutional investors.
CME Group Inc (NASDAQ:CME) traded up $2.07 on Monday, reaching $154.28. The company’s stock had a trading volume of 1,558,700 shares, compared to its average volume of 1,216,346. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $52,520.00, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72. CME Group Inc has a twelve month low of $114.82 and a twelve month high of $155.29.
CME Group (NASDAQ:CME) last released its earnings results on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The firm had revenue of $890.80 million for the quarter, compared to analysts’ expectations of $890.22 million. During the same period in the prior year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. sell-side analysts predict that CME Group Inc will post 4.75 EPS for the current fiscal year.
The business also recently announced a dividend, which was paid on Tuesday, January 16th. Stockholders of record on Thursday, December 28th were paid a $3.50 dividend. This is a boost from CME Group’s previous dividend of $3.25. The ex-dividend date of this dividend was Wednesday, December 27th. CME Group’s dividend payout ratio is currently 59.86%.
In related news, insider Jack J. Tobin sold 2,325 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $152.28, for a total transaction of $354,051.00. Following the sale, the insider now directly owns 17,574 shares of the company’s stock, valued at $2,676,168.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John W. Pietrowicz sold 7,500 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $151.50, for a total value of $1,136,250.00. Following the sale, the chief financial officer now directly owns 32,376 shares in the company, valued at $4,904,964. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,603 shares of company stock worth $6,250,726. Insiders own 0.57% of the company’s stock.
A number of brokerages recently commented on CME. BidaskClub upgraded CME Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research upgraded CME Group from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a report on Tuesday, January 2nd. Barclays increased their price objective on CME Group from $139.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Wells Fargo & Co increased their price objective on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, October 4th. Finally, Royal Bank of Canada increased their price objective on CME Group from $135.00 to $147.00 and gave the stock an “outperform” rating in a report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $144.22.
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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