Parkside Investments LLC Has $4.36 Million Stake in CME Group Inc. (CME)
Parkside Investments LLC lessened its stake in CME Group Inc. (NASDAQ:CME) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,165 shares of the financial services provider’s stock after selling 3,925 shares during the quarter. CME Group makes up 2.5% of Parkside Investments LLC’s holdings, making the stock its 8th biggest position. Parkside Investments LLC’s holdings in CME Group were worth $4,364,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CME. ST Germain D J Co. Inc. acquired a new stake in CME Group during the 3rd quarter valued at $232,000. Capital Advisors Inc. OK lifted its holdings in CME Group by 10.7% during the 2nd quarter. Capital Advisors Inc. OK now owns 84,533 shares of the financial services provider’s stock valued at $10,587,000 after purchasing an additional 8,198 shares during the last quarter. Marvin & Palmer Associates Inc. lifted its holdings in CME Group by 100.7% during the 2nd quarter. Marvin & Palmer Associates Inc. now owns 57,278 shares of the financial services provider’s stock valued at $7,173,000 after purchasing an additional 28,745 shares during the last quarter. Captrust Financial Advisors acquired a new stake in CME Group during the 2nd quarter valued at $693,000. Finally, Commerce Bank lifted its holdings in CME Group by 3.8% during the 2nd quarter. Commerce Bank now owns 560,899 shares of the financial services provider’s stock valued at $70,247,000 after purchasing an additional 20,449 shares during the last quarter. 82.63% of the stock is owned by institutional investors.
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A number of equities research analysts have recently weighed in on CME shares. Barclays PLC lifted their target price on CME Group from $139.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Wells Fargo & Company lifted their target price on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, October 4th. Royal Bank Of Canada lifted their target price on CME Group from $135.00 to $147.00 and gave the stock an “outperform” rating in a report on Monday, October 16th. Citigroup Inc. lifted their target price on CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, BidaskClub downgraded CME Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $138.89.
Shares of CME Group Inc. (NASDAQ CME) traded down $0.16 during mid-day trading on Monday, hitting $137.88. The stock had a trading volume of 750,100 shares, compared to its average volume of 1,365,295. CME Group Inc. has a 12-month low of $111.19 and a 12-month high of $141.07. The firm has a market capitalization of $47,370.00, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.11.
CME Group (NASDAQ:CME) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The firm had revenue of $890.80 million for the quarter, compared to analyst estimates of $890.22 million. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. analysts forecast that CME Group Inc. will post 4.8 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Friday, December 8th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, December 7th. CME Group’s dividend payout ratio is currently 59.86%.
In other CME Group news, CFO John W. Pietrowicz sold 5,175 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $139.70, for a total value of $722,947.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Hilda Harris Piell sold 714 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $129.00, for a total value of $92,106.00. Following the completion of the transaction, the insider now directly owns 28,844 shares in the company, valued at $3,720,876. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,339 shares of company stock worth $1,548,086. 0.57% of the stock is owned by 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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