CME Group Inc. (CME) Shares Bought by Commerce Bank
Commerce Bank increased its position in CME Group Inc. (NASDAQ:CME) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 560,899 shares of the financial services provider’s stock after buying an additional 20,449 shares during the period. CME Group comprises 1.0% of Commerce Bank’s investment portfolio, making the stock its 25th largest position. Commerce Bank owned 0.17% of CME Group worth $70,247,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. RMB Capital Management LLC increased its stake in CME Group by 3.1% in the first quarter. RMB Capital Management LLC now owns 114,834 shares of the financial services provider’s stock worth $13,642,000 after buying an additional 3,501 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in CME Group by 5.6% in the first quarter. Thrivent Financial For Lutherans now owns 12,500 shares of the financial services provider’s stock worth $1,485,000 after buying an additional 660 shares in the last quarter. Parsons Capital Management Inc. RI purchased a new stake in CME Group during the first quarter worth $569,000. Dowling & Yahnke LLC increased its stake in CME Group by 1.7% in the first quarter. Dowling & Yahnke LLC now owns 6,844 shares of the financial services provider’s stock worth $813,000 after buying an additional 114 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in CME Group by 2.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 35,589 shares of the financial services provider’s stock worth $4,228,000 after buying an additional 836 shares in the last quarter. 82.66% of the stock is owned by hedge funds and other institutional investors.
CME Group Inc. (NASDAQ CME) opened at 126.37 on Thursday. The company has a 50-day moving average price of $123.67 and a 200-day moving average price of $121.36. The firm has a market cap of $42.95 billion, a P/E ratio of 25.80 and a beta of 0.73. CME Group Inc. has a 1-year low of $98.95 and a 1-year high of $127.96.
CME Group (NASDAQ:CME) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. The firm had revenue of $925 million during the quarter, compared to analyst estimates of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share. On average, equities research analysts forecast that CME Group Inc. will post $4.80 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a $0.66 dividend. 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 2.09%. CME Group’s dividend payout ratio is currently 53.99%.
A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $127.00 target price on shares of CME Group in a report on Friday, August 18th. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Royal Bank Of Canada set a $135.00 target price on CME Group and gave the stock a “buy” rating in a report on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and set a $134.00 target price (up previously from $128.00) on shares of CME Group in a report on Monday, July 17th. Finally, Citigroup Inc. assumed coverage on CME Group in a report on Wednesday, July 12th. They set a “buy” rating and a $140.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $131.63.
In related news, Director Martin J. Gepsman sold 200 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $126.14, for a total value of $25,228.00. Following the sale, the director now directly owns 43,311 shares in the company, valued at $5,463,249.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel R. Glickman sold 850 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $126.65, for a total value of $107,652.50. Following the completion of the sale, the director now owns 13,799 shares in the company, valued at $1,747,643.35. The disclosure for this sale can be found here. Insiders sold 81,670 shares of company stock worth $10,140,819 over the last quarter. 0.57% of the stock is owned by company 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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