CME Group Inc. (CME) Shares Bought by USS Investment Management Ltd
USS Investment Management Ltd boosted its stake in shares of CME Group Inc. (NASDAQ:CME) by 239.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,000 shares of the financial services provider’s stock after buying an additional 117,800 shares during the period. USS Investment Management Ltd’s holdings in CME Group were worth $20,915,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CME. Huntington National Bank raised 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 last quarter. Candriam Luxembourg S.C.A. raised its position in shares of CME Group by 27.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 23,518 shares of the financial services provider’s stock worth $2,794,000 after buying an additional 5,029 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of CME Group by 7.7% in the first quarter. Nationwide Fund Advisors now owns 100,829 shares of the financial services provider’s stock worth $11,978,000 after buying an additional 7,183 shares during the last quarter. Profund Advisors LLC raised its position in shares of CME Group by 4.2% in the first quarter. Profund Advisors LLC now owns 11,222 shares of the financial services provider’s stock worth $1,333,000 after buying an additional 457 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of CME Group by 168.6% in the first quarter. Janney Montgomery Scott LLC now owns 5,050 shares of the financial services provider’s stock worth $600,000 after buying an additional 3,170 shares during the last quarter. 83.25% of the stock is owned by institutional investors.
Shares of CME Group Inc. (CME) opened at 127.10 on Friday. The company has a market capitalization of $43.20 billion, a PE ratio of 25.94 and a beta of 0.73. The firm’s 50-day moving average is $123.67 and its 200 day moving average is $121.36. CME Group Inc. has a 12 month low of $98.95 and a 12 month high of $127.96.
CME Group (NASDAQ:CME) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The company had revenue of $925 million for the quarter, compared to the consensus estimate of $931.05 million. During the same period in the prior year, the firm posted $1.14 EPS. CME Group’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts predict that CME Group Inc. will post $4.80 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, September 7th. CME Group’s payout ratio is presently 53.99%.
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A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of CME Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 20th. Deutsche Bank AG reduced their target price on shares of CME Group from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Tuesday, July 4th. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $127.00 target price on shares of CME Group in a research note on Friday, August 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $128.00 target price on shares of CME Group in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $131.63.
In other news, Director Timothy S. Bitsberger sold 800 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $125.93, for a total transaction of $100,744.00. Following the sale, the director now owns 9,024 shares of the company’s stock, valued at approximately $1,136,392.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Bryan T. Durkin sold 9,200 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $125.13, for a total transaction of $1,151,196.00. Following the sale, the president now directly owns 70,938 shares in the company, valued at approximately $8,876,471.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,820 shares of company stock worth $10,033,166. Insiders own 0.61% of the company’s stock.
CME Group Company 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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