Fiera Capital Corp Has $241.33 Million Position in CME Group Inc. (CME)
Fiera Capital Corp increased its holdings in CME Group Inc. (NASDAQ:CME) by 243.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,926,918 shares of the financial services provider’s stock after purchasing an additional 1,366,557 shares during the quarter. CME Group accounts for 1.2% of Fiera Capital Corp’s investment portfolio, making the stock its 26th biggest position. Fiera Capital Corp owned 0.57% of CME Group worth $241,327,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC increased 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 valued at $600,000 after acquiring an additional 3,170 shares during the period. Girard Partners LTD. increased its position in shares of CME Group by 2.3% in the first quarter. Girard Partners LTD. now owns 2,234 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 50 shares during the period. HPM Partners LLC purchased a new position in shares of CME Group in the first quarter valued at about $212,000. Pekin Singer Strauss Asset Management IL increased its position in shares of CME Group by 3.0% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 13,628 shares of the financial services provider’s stock valued at $1,619,000 after acquiring an additional 395 shares during the period. Finally, Princeton Alpha Management LP increased its position in shares of CME Group by 60.6% in the first quarter. Princeton Alpha Management LP now owns 12,978 shares of the financial services provider’s stock valued at $1,542,000 after acquiring an additional 4,898 shares during the period. Institutional investors own 82.67% of the company’s stock.
CME has been the topic of a number of analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $128.00 price objective on shares of CME Group in a research report on Monday, July 10th. Deutsche Bank AG restated a “buy” rating and issued a $133.00 price objective (down previously from $134.00) on shares of CME Group in a research report on Monday, May 15th. UBS AG restated a “buy” rating and issued a $135.00 price objective (up previously from $134.00) on shares of CME Group in a research report on Wednesday, September 6th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $127.00 price objective on shares of CME Group in a research report on Friday, July 14th. Finally, Citigroup Inc. initiated coverage on shares of CME Group in a research report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. CME Group has an average rating of “Buy” and an average price target of $132.56.
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In other CME Group news, insider Hilda Harris Piell sold 714 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $129.00, for a total transaction of $92,106.00. Following the transaction, the insider now owns 28,844 shares of the company’s stock, valued at approximately $3,720,876. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Terrence A. Duffy sold 21,815 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $123.89, for a total transaction of $2,702,660.35. Following the transaction, the chairman now directly owns 110,711 shares in the company, valued at approximately $13,715,985.79. The disclosure for this sale can be found here. Insiders sold a total of 55,619 shares of company stock worth $6,959,604 in the last ninety days. 0.57% of the stock is currently owned by insiders.
Shares of CME Group Inc. (NASDAQ CME) traded up 0.68% during trading on Tuesday, hitting $129.67. 167,756 shares of the company traded hands. CME Group Inc. has a 52 week low of $98.95 and a 52 week high of $130.15. The company has a 50 day moving average price of $124.96 and a 200 day moving average price of $121.76. The company has a market capitalization of $44.08 billion, a price-to-earnings ratio of 26.47 and a beta of 0.72.
CME Group (NASDAQ:CME) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The company had revenue of $925.00 million for the quarter, compared to the consensus estimate of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 EPS. On average, analysts expect 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. Investors of record on Friday, September 8th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, September 7th. CME Group’s dividend payout ratio is presently 53.99%.
CME Group 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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