Investec Asset Management North America Inc. lessened its holdings in shares of CME Group Inc. (NASDAQ:CME) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,262 shares of the financial services provider’s stock after selling 5,459 shares during the period. CME Group accounts for about 2.0% of Investec Asset Management North America Inc.’s investment portfolio, making the stock its 27th biggest holding. Investec Asset Management North America Inc.’s holdings in CME Group were worth $10,929,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fiduciary Trust Co. bought a new stake in CME Group during the second quarter worth approximately $105,000. Parallel Advisors LLC raised its holdings in CME Group by 4.1% during the first quarter. Parallel Advisors LLC now owns 1,084 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 43 shares in the last quarter. Whittier Trust Co. raised its holdings in CME Group by 2.6% during the second quarter. Whittier Trust Co. now owns 1,057 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 27 shares in the last quarter. RidgeWorth Capital Management LLC raised its holdings in CME Group by 55.5% during the first quarter. RidgeWorth Capital Management LLC now owns 1,138 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 406 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its holdings in CME Group by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,309 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 9 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.
CME Group Inc. (NASDAQ:CME) traded down 0.63% on Friday, hitting $131.29. The company’s stock had a trading volume of 1,670,615 shares. The company has a 50 day moving average price of $126.18 and a 200-day moving average price of $122.07. CME Group Inc. has a 1-year low of $98.95 and a 1-year high of $132.34. The company has a market capitalization of $44.63 billion, a P/E ratio of 26.80 and a beta of 0.72.
CME Group (NASDAQ:CME) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The business had revenue of $925.00 million for the quarter, compared to analyst estimates of $931.05 million. During the same period in the prior year, the business posted $1.14 earnings per share. CME Group’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that CME Group Inc. will post $4.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a $0.66 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.64 annualized dividend and a yield of 2.01%. CME Group’s dividend payout ratio is currently 53.99%.
In other CME Group news, Chairman Terrence A. Duffy sold 21,815 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $123.89, for a total value of $2,702,660.35. Following the sale, the chairman now directly owns 110,711 shares in the company, valued at $13,715,985.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John W. Pietrowicz sold 2,500 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $124.50, for a total transaction of $311,250.00. Following the completion of the sale, the chief financial officer now owns 38,495 shares in the company, valued at $4,792,627.50. The disclosure for this sale can be found here. Insiders sold 48,244 shares of company stock worth $6,021,890 over the last 90 days. 0.57% of the stock is currently owned by company insiders.
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Several brokerages recently commented on CME. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays PLC began coverage on CME Group in a report on Friday, September 8th. They set an “overweight” rating and a $139.00 target price on the stock. UBS AG reissued a “buy” rating and set a $135.00 target price (up previously from $134.00) on shares of CME Group in a report on Wednesday, September 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $127.00 target price on shares of CME Group in a report on Friday, August 18th. Finally, Royal Bank Of Canada set a $135.00 target price on CME Group and gave the stock a “buy” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. CME Group has a consensus rating of “Buy” and a consensus price target of $132.56.
About CME Group
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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