Gamco Investors INC. ET AL Maintains Position in CME Group Inc. (CME)
Gamco Investors INC. ET AL held its stake in CME Group Inc. (NASDAQ:CME) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,650 shares of the financial services provider’s stock at the end of the second quarter. Gamco Investors INC. ET AL’s holdings in CME Group were worth $1,835,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of CME. Huntington National Bank boosted 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 in the last quarter. Coconut Grove Bank boosted 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 in the last quarter. Whittier Trust Co. boosted 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 in the last quarter. Parallel Advisors LLC boosted 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 in the last quarter. Finally, RidgeWorth Capital Management LLC boosted 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 in the last quarter. 83.25% of the stock is owned by institutional investors and hedge funds.
CME Group Inc. (CME) opened at 127.10 on Friday. The stock has a 50 day moving average of $123.67 and a 200 day moving average of $121.36. The firm has a market cap of $43.20 billion, a PE ratio of 25.94 and a beta of 0.73. 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 earnings results on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. The company had revenue of $925 million during the quarter, compared to the consensus estimate of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. On average, equities research analysts anticipate that CME Group Inc. will post $4.80 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.08%. CME Group’s dividend payout ratio is presently 53.99%.
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A number of research analysts recently issued reports on CME shares. Jefferies Group LLC restated a “buy” rating and set a $128.00 price objective on shares of CME Group in a report on Monday, July 10th. Deutsche Bank AG restated a “buy” rating and set a $133.00 price objective (down previously from $134.00) on shares of CME Group in a report on Monday, May 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $127.00 price objective on shares of CME Group in a report on Friday, July 14th. Citigroup Inc. started coverage on shares of CME Group in a report on Wednesday, July 12th. They set a “buy” rating and a $140.00 price objective for the company. Finally, BidaskClub upgraded shares of CME Group from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $131.63.
In related news, Director Martin J. Gepsman sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $126.14, for a total transaction of $25,228.00. Following the completion of the transaction, the director now owns 43,311 shares in the company, valued at $5,463,249.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Derek Sammann sold 2,100 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $117.86, for a total value of $247,506.00. Following the transaction, the insider now owns 31,026 shares of the company’s stock, valued at approximately $3,656,724.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,820 shares of company stock valued at $10,033,166. 0.61% of the stock is owned by corporate insiders.
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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