American International Group Inc. decreased its holdings in shares of CME Group Inc. (NASDAQ:CME) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,148 shares of the financial services provider’s stock after selling 7,297 shares during the period. American International Group Inc.’s holdings in CME Group were worth $21,050,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of CME Group by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 22,795,894 shares of the financial services provider’s stock worth $2,854,958,000 after acquiring an additional 563,460 shares in the last quarter. Capital International Investors raised its position in shares of CME Group by 3.3% in the 2nd quarter. Capital International Investors now owns 11,209,987 shares of the financial services provider’s stock worth $1,403,939,000 after acquiring an additional 359,845 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of CME Group by 13,530.7% in the 2nd quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock worth $770,227,000 after acquiring an additional 6,104,897 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of CME Group by 25.5% in the 2nd quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock worth $548,496,000 after acquiring an additional 889,217 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of CME Group by 0.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,838,544 shares of the financial services provider’s stock worth $355,500,000 after acquiring an additional 14,605 shares in the last quarter. 82.58% of the stock is owned by institutional investors and hedge funds.
CME Group Inc. (NASDAQ CME) opened at $141.87 on Friday. CME Group Inc. has a 52-week low of $111.19 and a 52-week high of $143.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $48,110.24, a P/E ratio of 29.68, a P/E/G ratio of 2.91 and a beta of 0.71.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The company had revenue of $890.80 million during the quarter, compared to analyst estimates of $890.22 million. During the same quarter last year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. equities analysts forecast that CME Group Inc. will post 4.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Friday, December 8th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, December 7th. CME Group’s dividend payout ratio (DPR) is presently 59.86%.
In other CME Group news, insider Sunil Cutinho sold 2,600 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $139.57, for a total transaction of $362,882.00. Following the sale, the insider now directly owns 22,301 shares in the company, valued at approximately $3,112,550.57. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Hilda Harris Piell sold 714 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $129.00, for a total value of $92,106.00. Following the sale, the insider now owns 28,844 shares in the company, valued at $3,720,876. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,939 shares of company stock valued at $1,910,968. 0.57% of the stock is owned by corporate insiders.
CME has been the subject of several research reports. Barclays PLC initiated coverage on CME Group in a research report on Friday, September 8th. They issued an “overweight” rating and a $139.00 target price for the company. BidaskClub lowered CME Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. UBS Group AG reissued a “buy” rating and issued a $135.00 target price (up previously from $134.00) on shares of CME Group in a research report on Wednesday, September 6th. Citigroup Inc. increased their target price on CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Wells Fargo & Co increased their target price on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $141.75.
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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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