Achmea Investment Management B.V. Acquires 697 Shares of CME Group Inc (CME)

Achmea Investment Management B.V. raised its holdings in shares of CME Group Inc (NASDAQ:CME) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,876 shares of the financial services provider’s stock after acquiring an additional 697 shares during the quarter. Achmea Investment Management B.V.’s holdings in CME Group were worth $5,252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Edgewood Management LLC grew its holdings in shares of CME Group by 2.8% during the second quarter. Edgewood Management LLC now owns 7,840,451 shares of the financial services provider’s stock worth $1,285,207,000 after buying an additional 215,439 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of CME Group by 13.2% during the second quarter. Janus Henderson Group PLC now owns 6,129,157 shares of the financial services provider’s stock worth $1,004,691,000 after buying an additional 716,655 shares in the last quarter. Thornburg Investment Management Inc. grew its holdings in shares of CME Group by 3.8% during the third quarter. Thornburg Investment Management Inc. now owns 3,614,874 shares of the financial services provider’s stock worth $615,288,000 after buying an additional 132,991 shares in the last quarter. Fiera Capital Corp grew its holdings in shares of CME Group by 2.8% during the second quarter. Fiera Capital Corp now owns 2,225,333 shares of the financial services provider’s stock worth $364,777,000 after buying an additional 60,825 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its holdings in shares of CME Group by 38.1% during the second quarter. Standard Life Aberdeen plc now owns 1,765,929 shares of the financial services provider’s stock worth $289,472,000 after buying an additional 487,442 shares in the last quarter. Hedge funds and other institutional investors own 84.28% of the company’s stock.

A number of equities research analysts have recently commented on CME shares. BidaskClub upgraded shares of CME Group from a “hold” rating to a “buy” rating in a report on Monday, July 16th. Zacks Investment Research downgraded shares of CME Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $190.00 price target on shares of CME Group in a report on Wednesday, September 5th. Rosenblatt Securities started coverage on shares of CME Group in a report on Wednesday, September 5th. They set a “neutral” rating and a $177.00 price target for the company. Finally, Berenberg Bank set a $184.00 price target on shares of CME Group and gave the stock a “hold” rating in a report on Thursday, September 20th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. CME Group presently has a consensus rating of “Buy” and an average target price of $182.69.

Shares of CME stock opened at $189.74 on Friday. The company has a market cap of $63.29 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 2.17 and a beta of 0.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.08 and a current ratio of 1.09. CME Group Inc has a fifty-two week low of $137.51 and a fifty-two week high of $190.43.

CME Group (NASDAQ:CME) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.03. The firm had revenue of $904.20 million for the quarter, compared to analysts’ expectations of $910.50 million. CME Group had a net margin of 113.67% and a return on equity of 9.18%. As a group, equities research analysts anticipate that CME Group Inc will post 6.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Monday, December 10th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $2.80 dividend on an annualized basis and a yield of 1.48%. CME Group’s dividend payout ratio (DPR) is 58.70%.

In other CME Group news, Director Jeffrey M. Bernacchi sold 4,976 shares of CME Group stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $176.60, for a total transaction of $878,761.60. Following the transaction, the director now directly owns 52,004 shares of the company’s stock, valued at $9,183,906.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Hilda Harris Piell sold 1,823 shares of CME Group stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $175.00, for a total transaction of $319,025.00. Following the transaction, the insider now directly owns 30,176 shares in the company, valued at $5,280,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,572 shares of company stock worth $4,206,309. 0.43% of the stock is currently owned by corporate insiders.

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CME Group Profile

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.

Further Reading: Bear Market

Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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