Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of CME Group Inc (NASDAQ:CME) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,571 shares of the financial services provider’s stock after buying an additional 5,002 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in CME Group were worth $10,744,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. ARK Investment Management LLC acquired a new position in CME Group in the 4th quarter valued at $120,000. Valeo Financial Advisors LLC acquired a new position in CME Group in the 3rd quarter valued at $124,000. AlphaOne Investment Services LLC acquired a new position in CME Group in the 4th quarter valued at $146,000. Mosaic Family Wealth LLC acquired a new position in CME Group in the 4th quarter valued at $146,000. Finally, Truewealth LLC acquired a new position in CME Group in the 4th quarter valued at $157,000. 83.13% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on CME shares. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research note on Tuesday, January 2nd. Berenberg Bank began coverage on CME Group in a research note on Thursday, January 25th. They issued a “hold” rating and a $170.00 target price for the company. Citigroup reaffirmed a “buy” rating and issued a $172.00 target price (up from $155.00) on shares of CME Group in a research note on Monday, January 29th. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $175.00 target price on shares of CME Group in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. CME Group has a consensus rating of “Buy” and a consensus target price of $157.77.
Shares of CME Group Inc (NASDAQ CME) opened at $165.12 on Friday. CME Group Inc has a 52 week low of $114.82 and a 52 week high of $171.71. The stock has a market capitalization of $56,204.37, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 2.43 and a beta of 0.54. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.10.
CME Group (NASDAQ:CME) last issued its earnings results on Thursday, February 1st. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The business had revenue of $900.00 million during the quarter, compared to the consensus estimate of $886.85 million. During the same period last year, the company earned $1.14 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. sell-side analysts anticipate that CME Group Inc will post 6.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders 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 boost from CME Group’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.70%. CME Group’s dividend payout ratio is currently 23.45%.
In other news, Chairman Terrence A. Duffy sold 20,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.66, for a total transaction of $3,033,200.00. Following the completion of the transaction, the chairman now directly owns 99,239 shares in the company, valued at approximately $15,050,586.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Hilda Harris Piell sold 3,299 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $163.52, for a total value of $539,452.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,024 shares of company stock valued at $6,620,113. Company insiders own 0.57% of the company’s stock.
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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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