Meadow Creek Investment Management LLC decreased its holdings in CME Group Inc (NASDAQ:CME) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 293,250 shares of the financial services provider’s stock after selling 18,020 shares during the quarter. CME Group accounts for approximately 0.9% of Meadow Creek Investment Management LLC’s investment portfolio, making the stock its 20th largest holding. Meadow Creek Investment Management LLC’s holdings in CME Group were worth $42,829,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of CME. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of CME Group by 27.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,603 shares of the financial services provider’s stock valued at $817,000 after purchasing an additional 1,216 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of CME Group by 7.3% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 73,571 shares of the financial services provider’s stock valued at $10,744,000 after purchasing an additional 5,002 shares during the period. Cider Mill Investments LP purchased a new stake in shares of CME Group during the fourth quarter valued at approximately $3,783,000. Teachers Advisors LLC raised its stake in shares of CME Group by 3.2% during the fourth quarter. Teachers Advisors LLC now owns 902,856 shares of the financial services provider’s stock valued at $131,862,000 after purchasing an additional 28,192 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in shares of CME Group during the fourth quarter valued at approximately $186,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.
In other CME Group news, insider Jack J. Tobin sold 2,325 shares of CME Group stock in a transaction on Monday, December 18th. The shares were sold at an average price of $152.28, for a total value of $354,051.00. Following the completion of the transaction, the insider now owns 17,574 shares of the company’s stock, valued at $2,676,168.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Hilda Harris Piell sold 3,299 shares of CME Group stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $163.52, for a total transaction of $539,452.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,024 shares of company stock valued at $6,620,113. 0.57% of the stock is currently owned by corporate insiders.
CME Group Inc (NASDAQ CME) opened at $169.18 on Tuesday. The company has a market cap of $58,348.80, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 2.52 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 Inc has a 1-year low of $114.82 and a 1-year high of $171.71.
CME Group (NASDAQ:CME) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $900.00 million during the quarter, compared to the consensus estimate of $886.85 million. CME Group had a net margin of 111.49% and a return on equity of 7.68%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. equities analysts forecast that CME Group Inc will post 6.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Thursday, March 8th. This is an increase from CME Group’s previous quarterly dividend of $0.66. CME Group’s payout ratio is currently 23.45%.
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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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