New York State Common Retirement Fund lifted its stake in CME Group (NASDAQ:CME) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,007,600 shares of the financial services provider’s stock after acquiring an additional 48,300 shares during the quarter. New York State Common Retirement Fund owned 0.30% of CME Group worth $162,969,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. ARK Investment Management LLC purchased a new position in CME Group during the fourth quarter valued at approximately $120,000. Signaturefd LLC purchased a new position in shares of CME Group in the first quarter worth $138,000. AlphaOne Investment Services LLC purchased a new position in shares of CME Group in the fourth quarter worth $146,000. Mosaic Family Wealth LLC purchased a new position in shares of CME Group in the fourth quarter worth $146,000. Finally, Truewealth LLC purchased a new position in shares of CME Group in the fourth quarter worth $157,000. Hedge funds and other institutional investors own 82.12% of the company’s stock.
Shares of CME opened at $160.01 on Friday. CME Group has a fifty-two week low of $116.55 and a fifty-two week high of $171.71. The firm has a market capitalization of $54.35 billion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 2.24 and a beta of 0.57. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.10.
CME Group (NASDAQ:CME) last announced its quarterly earnings results on Thursday, April 26th. The financial services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.01. CME Group had a net margin of 111.45% and a return on equity of 8.48%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted $1.22 earnings per share. CME Group’s quarterly revenue was up 18.4% on a year-over-year basis. analysts anticipate that CME Group will post 6.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Shareholders of record on Friday, June 8th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, June 7th. CME Group’s dividend payout ratio (DPR) is 58.70%.
In other CME Group news, Chairman Terrence A. Duffy sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $161.00, for a total transaction of $3,220,000.00. Following the transaction, the chairman now owns 94,686 shares in the company, valued at $15,244,446. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey M. Bernacchi sold 3,815 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $161.04, for a total transaction of $614,367.60. Following the transaction, the director now owns 58,607 shares in the company, valued at approximately $9,438,071.28. The disclosure for this sale can be found here. Insiders have sold 26,315 shares of company stock worth $4,236,918 in the last quarter. Company insiders own 0.57% of the company’s stock.
Several equities analysts have recently commented on the stock. BidaskClub downgraded shares of CME Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 28th. ValuEngine downgraded shares of CME Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Barclays boosted their target price on shares of CME Group from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Sanford C. Bernstein assumed coverage on shares of CME Group in a report on Monday, April 9th. They issued an “outperform” rating and a $190.00 target price on the stock. Finally, Berenberg Bank assumed coverage on shares of CME Group in a report on Thursday, January 25th. They issued a “hold” rating and a $170.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $165.57.
About CME Group
CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.
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