National Pension Service boosted its position in CME Group Inc (NASDAQ:CME) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 334,903 shares of the financial services provider’s stock after purchasing an additional 17,827 shares during the period. National Pension Service owned approximately 0.10% of CME Group worth $59,412,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of CME. Oregon Public Employees Retirement Fund raised its stake in CME Group by 18,502.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,220,459 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 16,133,266 shares during the period. Capital Research Global Investors increased its stake in shares of CME Group by 107.8% in the third quarter. Capital Research Global Investors now owns 10,906,683 shares of the financial services provider’s stock worth $1,856,427,000 after acquiring an additional 5,658,108 shares during the last quarter. Capital International Investors increased its stake in shares of CME Group by 18.3% in the third quarter. Capital International Investors now owns 15,425,378 shares of the financial services provider’s stock worth $2,625,554,000 after acquiring an additional 2,383,280 shares during the last quarter. BlackRock Inc. increased its stake in shares of CME Group by 8.2% in the fourth quarter. BlackRock Inc. now owns 24,250,752 shares of the financial services provider’s stock worth $4,562,052,000 after acquiring an additional 1,828,640 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of CME Group by 19,784.0% in the fourth quarter. Bessemer Group Inc. now owns 1,278,539 shares of the financial services provider’s stock worth $240,518,000 after acquiring an additional 1,272,109 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors.
In related news, insider Kathleen M. Cronin sold 8,340 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $167.54, for a total transaction of $1,397,283.60. Following the sale, the insider now directly owns 41,604 shares in the company, valued at $6,970,334.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey M. Bernacchi sold 10,087 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $177.94, for a total transaction of $1,794,880.78. Following the sale, the director now owns 42,004 shares in the company, valued at $7,474,191.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,489 shares of company stock worth $4,948,996. Insiders own 1.20% of the company’s stock.
CME Group (NASDAQ:CME) last announced its quarterly earnings data on Thursday, February 14th. The financial services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. CME Group had a net margin of 45.53% and a return on equity of 9.85%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was up 37.4% on a year-over-year basis. As a group, analysts anticipate that CME Group Inc will post 6.82 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from CME Group’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 7th. CME Group’s dividend payout ratio (DPR) is currently 43.99%.
CME has been the topic of a number of research reports. Bank of America reaffirmed a “neutral” rating and issued a $191.00 price target (down from $200.00) on shares of CME Group in a research note on Friday, January 11th. They noted that the move was a valuation call. JPMorgan Chase & Co. started coverage on shares of CME Group in a report on Friday, February 15th. They issued an “underweight” rating and a $164.00 price objective for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $204.00 price objective on shares of CME Group in a report on Wednesday, January 9th. BidaskClub cut shares of CME Group from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. Finally, Deutsche Bank decreased their price target on shares of CME Group from $220.00 to $214.00 and set a “buy” rating for the company in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $192.00.
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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 commodities, and metals, as well as fixed income products.
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