Atlantic Trust Group LLC lessened its stake in shares of CME Group Inc. (NASDAQ:CME) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,705 shares of the financial services provider’s stock after selling 170 shares during the period. Atlantic Trust Group LLC’s holdings in CME Group were worth $3,720,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CME. Janney Montgomery Scott LLC grew its stake in shares of CME Group by 168.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 5,050 shares of the financial services provider’s stock valued at $600,000 after buying an additional 3,170 shares in the last quarter. Eqis Capital Management Inc. boosted its position in CME Group by 18.5% during the first quarter. Eqis Capital Management Inc. now owns 2,921 shares of the financial services provider’s stock worth $347,000 after purchasing an additional 455 shares during the period. 361 Capital LLC bought a new stake in CME Group during the first quarter worth approximately $786,000. Eagle Ridge Investment Management boosted its position in CME Group by 0.6% during the first quarter. Eagle Ridge Investment Management now owns 51,888 shares of the financial services provider’s stock worth $6,164,000 after purchasing an additional 304 shares during the period. Finally, Montag A & Associates Inc. boosted its position in CME Group by 192.1% during the first quarter. Montag A & Associates Inc. now owns 5,497 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 3,615 shares during the period. Hedge funds and other institutional investors own 82.67% of the company’s stock.
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In related news, President Bryan T. Durkin sold 9,200 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the president now directly owns 70,938 shares in the company, valued at approximately $8,876,471.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dennis Suskind sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $129.34, for a total transaction of $97,005.00. Following the completion of the transaction, the director now owns 5,059 shares of the company’s stock, valued at $654,331.06. The disclosure for this sale can be found here. Insiders sold 48,244 shares of company stock worth $6,021,890 over the last three months. 0.57% of the stock is owned by insiders.
CME Group Inc. (NASDAQ CME) traded down 0.6738% on Friday, reaching $131.2298. The company’s stock had a trading volume of 883,907 shares. The company has a market cap of $44.61 billion, a P/E ratio of 26.7871 and a beta of 0.72. CME Group Inc. has a 12 month low of $98.95 and a 12 month high of $132.34. The company has a 50-day moving average price of $125.90 and a 200 day moving average price of $122.01.
CME Group (NASDAQ:CME) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The firm had revenue of $925.00 million for 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 company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share. On average, equities research analysts anticipate that CME Group Inc. will post $4.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be paid a $0.66 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 2.00%. CME Group’s payout ratio is presently 53.99%.
A number of equities research analysts have issued reports on CME shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $134.00 target price (up previously from $128.00) on shares of CME Group in a research report on Monday, July 17th. Barclays PLC assumed coverage on CME Group in a report on Friday, September 8th. They set an “overweight” rating and a $139.00 price target for the company. Royal Bank Of Canada set a $130.00 price target on CME Group and gave the stock a “buy” rating in a report on Monday, June 12th. BidaskClub lowered CME Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, UBS AG reiterated a “buy” rating and set a $135.00 price target (up from $134.00) on shares of CME Group in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $132.56.
CME Group 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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