Arrowstreet Capital Limited Partnership grew its holdings in CME Group Inc. (NASDAQ:CME) by 8,715.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 449,600 shares of the financial services provider’s stock after acquiring an additional 444,500 shares during the period. Arrowstreet Capital Limited Partnership owned 0.13% of CME Group worth $56,308,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of CME Group by 2,172.6% during the 1st quarter. BlackRock Inc. now owns 27,265,611 shares of the financial services provider’s stock valued at $3,239,152,000 after purchasing an additional 26,065,883 shares during the period. Vanguard Group Inc. raised its position in shares of CME Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 22,795,894 shares of the financial services provider’s stock valued at $2,854,958,000 after purchasing an additional 563,460 shares during the period. Capital International Investors raised its position in shares of CME Group by 3.3% during the 2nd quarter. Capital International Investors now owns 11,209,987 shares of the financial services provider’s stock valued at $1,403,939,000 after purchasing an additional 359,845 shares during the period. Edgewood Management LLC raised its position in shares of CME Group by 26.4% during the 1st quarter. Edgewood Management LLC now owns 7,228,349 shares of the financial services provider’s stock valued at $858,728,000 after purchasing an additional 1,511,753 shares during the period. Finally, Janus Henderson Group PLC grew its stake in 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. Institutional investors and hedge funds own 82.62% of the company’s stock.
A number of equities analysts have commented on the stock. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Jefferies Group LLC reissued a “buy” rating and issued a $134.00 price objective (up from $128.00) on shares of CME Group in a research note on Monday, July 17th. Royal Bank Of Canada raised their target price on shares of CME Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, June 20th. Zacks Investment Research lowered shares of CME Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Barclays PLC assumed coverage on shares of CME Group in a report on Friday, September 8th. They issued an “overweight” rating and a $139.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $137.22.
Shares of CME Group Inc. (CME) traded up 0.033% on Wednesday, hitting $136.235. 225,100 shares of the stock were exchanged. The stock has a market cap of $46.31 billion, a PE ratio of 27.809 and a beta of 0.73. The company’s 50 day moving average is $132.47 and its 200-day moving average is $123.94. CME Group Inc. has a 52-week low of $98.95 and a 52-week high of $138.49.
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, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The firm had revenue of $925.00 million during the quarter, compared to analyst estimates of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.14 EPS. Analysts predict that CME Group Inc. will post $4.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were issued a $0.66 dividend. The ex-dividend date was Thursday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 1.94%. CME Group’s dividend payout ratio (DPR) is presently 53.99%.
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In other news, CFO John W. Pietrowicz sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $136.83, for a total value of $342,075.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Bryan T. Durkin sold 9,200 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $125.13, for a total transaction of $1,151,196.00. Following the completion of the sale, the president now owns 70,938 shares of the company’s stock, valued at approximately $8,876,471.94. The disclosure for this sale can be found here. Insiders sold a total of 49,594 shares of company stock valued at $6,239,015 in the last 90 days. Company insiders own 0.57% of the company’s stock.
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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