CME Group Inc. (CME) Position Cut by Trexquant Investment LP
Trexquant Investment LP reduced its position in shares of CME Group Inc. (NASDAQ:CME) by 84.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,300 shares of the financial services provider’s stock after selling 17,600 shares during the period. Trexquant Investment LP’s holdings in CME Group were worth $413,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank increased its position in shares of CME Group by 4.7% in the first quarter. Huntington National Bank now owns 851 shares of the financial services provider’s stock worth $100,000 after buying an additional 38 shares during the period. Coconut Grove Bank increased its position in shares of CME Group by 95.7% in the first quarter. Coconut Grove Bank now owns 900 shares of the financial services provider’s stock worth $107,000 after buying an additional 440 shares during the period. Whittier Trust Co. increased its position in shares of CME Group by 12.6% in the first quarter. Whittier Trust Co. now owns 1,030 shares of the financial services provider’s stock worth $122,000 after buying an additional 115 shares during the period. Parallel Advisors LLC increased its position in shares of CME Group by 4.1% in the first quarter. Parallel Advisors LLC now owns 1,084 shares of the financial services provider’s stock worth $128,000 after buying an additional 43 shares during the period. Finally, RidgeWorth Capital Management LLC increased its position in shares of CME Group by 55.5% in the first quarter. RidgeWorth Capital Management LLC now owns 1,138 shares of the financial services provider’s stock worth $135,000 after buying an additional 406 shares during the period. Hedge funds and other institutional investors own 83.25% of the company’s stock.
Shares of CME Group Inc. (NASDAQ CME) opened at 125.92 on Wednesday. CME Group Inc. has a one year low of $98.95 and a one year high of $127.96. The company’s 50-day moving average price is $123.49 and its 200-day moving average price is $121.06. The stock has a market cap of $42.80 billion, a PE ratio of 25.70 and a beta of 0.73.
CME Group (NASDAQ:CME) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The business had revenue of $925 million during the quarter, compared to analyst estimates of $931.05 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. CME Group’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts anticipate that CME Group Inc. will post $4.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, September 7th. CME Group’s dividend payout ratio is presently 53.99%.
COPYRIGHT VIOLATION WARNING: “CME Group Inc. (CME) Position Cut by Trexquant Investment LP” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.thecerbatgem.com/2017/08/16/cme-group-inc-cme-position-cut-by-trexquant-investment-lp.html.
CME has been the subject of several research reports. BidaskClub downgraded CME Group from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada increased their price target on CME Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 20th. Jefferies Group LLC reiterated a “buy” rating and set a $134.00 price target (up previously from $128.00) on shares of CME Group in a research note on Monday, July 17th. Zacks Investment Research downgraded CME Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, UBS AG reiterated a “buy” rating and set a $134.00 price target (down previously from $136.00) on shares of CME Group in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. CME Group currently has a consensus rating of “Hold” and a consensus price target of $131.63.
In other CME Group news, Director Timothy S. Bitsberger sold 800 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $125.93, for a total transaction of $100,744.00. Following the completion of the sale, the director now owns 9,024 shares of the company’s stock, valued at $1,136,392.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sunil Cutinho sold 10,265 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $117.85, for a total value of $1,209,730.25. Following the sale, the insider now directly owns 21,690 shares of the company’s stock, valued at approximately $2,556,166.50. The disclosure for this sale can be found here. Insiders have sold 91,085 shares of company stock valued at $11,242,896 in the last three months. 0.61% of the stock is currently owned by corporate insiders.
About CME Group
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.
Want to see what other hedge funds are holding CME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CME Group Inc. (NASDAQ:CME).
Receive News & Stock Ratings for CME Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CME Group Inc. and related stocks with our FREE daily email newsletter.