CME Group Inc. (CME) Shares Sold by Commerzbank Aktiengesellschaft FI
Commerzbank Aktiengesellschaft FI lessened its position in shares of CME Group Inc. (NASDAQ:CME) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,857 shares of the financial services provider’s stock after selling 2,187 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in CME Group were worth $4,491,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in CME. Coconut Grove Bank raised its position in shares of CME Group by 95.7% during the 1st quarter. Coconut Grove Bank now owns 900 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 440 shares during the period. Whittier Trust Co. raised its position in shares of CME Group by 2.6% during the 2nd quarter. Whittier Trust Co. now owns 1,057 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 27 shares during the period. Parallel Advisors LLC raised its position in shares of CME Group by 4.1% during the 1st quarter. Parallel Advisors LLC now owns 1,084 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 43 shares during the period. RidgeWorth Capital Management LLC raised its position in shares of CME Group by 55.5% during the 1st quarter. RidgeWorth Capital Management LLC now owns 1,138 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 406 shares during the period. Finally, Grove Bank & Trust raised its position in shares of CME Group by 41.6% during the 2nd quarter. Grove Bank & Trust now owns 1,274 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 374 shares during the period. 82.66% of the stock is currently owned by institutional investors.
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In other news, COO Julie Holzrichter sold 5,925 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $118.23, for a total value of $700,512.75. Following the transaction, the chief operating officer now directly owns 42,082 shares of the company’s stock, valued at approximately $4,975,354.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Derek Sammann sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $118.24, for a total value of $248,304.00. Following the completion of the transaction, the insider now directly owns 36,595 shares in the company, valued at $4,326,992.80. The disclosure for this sale can be found here. Insiders sold a total of 79,570 shares of company stock worth $9,893,313 over the last three months. 0.57% of the stock is owned by company insiders.
A number of analysts have recently weighed in on the company. BidaskClub upgraded CME Group from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Jefferies Group LLC reiterated a “buy” rating and set a $134.00 price target (up from $128.00) on shares of CME Group in a research report on Monday, July 17th. 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 report on Tuesday, June 20th. Zacks Investment Research cut CME Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, UBS AG reiterated a “buy” rating and set a $134.00 price target (down from $136.00) on shares of CME Group in a research report on Monday, June 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $131.63.
Shares of CME Group Inc. (NASDAQ CME) opened at 126.25 on Monday. CME Group Inc. has a 52-week low of $98.95 and a 52-week high of $127.96. The firm has a market capitalization of $42.91 billion, a PE ratio of 25.77 and a beta of 0.72. The company has a 50-day moving average price of $124.02 and a 200 day moving average price of $121.62.
CME Group (NASDAQ:CME) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.20 by $0.03. The business had revenue of $925 million for 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%. CME Group’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. Analysts expect 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. Stockholders of record on Friday, September 8th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 7th. CME Group’s payout ratio is currently 53.99%.
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.
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