Hilton Capital Management LLC raised its holdings in CME Group Inc (NASDAQ:CME) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,750 shares of the financial services provider’s stock after acquiring an additional 9,386 shares during the period. CME Group comprises about 1.9% of Hilton Capital Management LLC’s investment portfolio, making the stock its 27th largest holding. Hilton Capital Management LLC’s holdings in CME Group were worth $12,816,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in shares of CME Group by 7.8% in the third quarter. California Public Employees Retirement System now owns 837,382 shares of the financial services provider’s stock valued at $113,616,000 after purchasing an additional 60,652 shares in the last quarter. Nippon Life Global Investors Americas Inc. lifted its holdings in shares of CME Group by 6.1% in the third quarter. Nippon Life Global Investors Americas Inc. now owns 87,970 shares of the financial services provider’s stock valued at $11,935,000 after purchasing an additional 5,080 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in shares of CME Group by 12.4% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 81,393 shares of the financial services provider’s stock valued at $11,887,000 after purchasing an additional 8,991 shares in the last quarter. Honeywell International Inc. bought a new stake in shares of CME Group in the fourth quarter valued at about $35,052,000. Finally, Capital Advisors Inc. OK lifted its holdings in shares of CME Group by 5.5% in the fourth quarter. Capital Advisors Inc. OK now owns 88,822 shares of the financial services provider’s stock valued at $12,972,000 after purchasing an additional 4,592 shares in the last quarter. 83.09% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on CME. BidaskClub lowered CME Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 15th. ValuEngine lowered CME Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research lowered CME Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Bank of America upped their target price on CME Group from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, March 8th. Finally, Barclays upped their target price on CME Group from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $157.77.
Shares of CME stock opened at $164.18 on Wednesday. CME Group Inc has a twelve month low of $114.82 and a twelve month high of $171.71. The stock has a market capitalization of $55,666.56, a PE ratio of 13.75, a P/E/G ratio of 2.43 and a beta of 0.54. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.10.
CME Group (NASDAQ:CME) last released its earnings results on Thursday, February 1st. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $886.85 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. CME Group’s revenue was down 1.4% on a year-over-year basis. analysts expect that CME Group Inc will post 6.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from CME Group’s previous quarterly dividend of $0.66. CME Group’s payout ratio is 23.45%.
In other CME Group news, insider Derek Sammann sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $161.66, for a total transaction of $387,984.00. Following the transaction, the insider now owns 40,153 shares of the company’s stock, valued at $6,491,133.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John W. Pietrowicz sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $151.50, for a total value of $1,136,250.00. Following the transaction, the chief financial officer now directly owns 32,376 shares in the company, valued at approximately $4,904,964. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,699 shares of company stock worth $6,266,062. Company insiders own 0.57% of the company’s stock.
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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