CME Group Inc. (CME) Shares Bought by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. boosted its holdings in CME Group Inc. (NASDAQ:CME) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,786 shares of the financial services provider’s stock after purchasing an additional 1,240 shares during the period. Oppenheimer & Co. Inc.’s holdings in CME Group were worth $6,348,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in CME Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 22,795,894 shares of the financial services provider’s stock worth $2,854,958,000 after purchasing an additional 563,460 shares during the last quarter. Capital International Investors raised its stake in shares of CME Group by 3.3% in the second quarter. Capital International Investors now owns 11,209,987 shares of the financial services provider’s stock valued at $1,403,939,000 after buying an additional 359,845 shares during the period. Janus Henderson Group PLC raised its stake in shares of CME Group by 13,530.7% in the second quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock valued at $770,227,000 after buying an additional 6,104,897 shares during the period. Wells Fargo & Company MN raised its stake in shares of CME Group by 25.5% in the second quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock valued at $548,496,000 after buying an additional 889,217 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of CME Group by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 2,838,544 shares of the financial services provider’s stock valued at $355,500,000 after buying an additional 14,605 shares during the period. 82.58% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Sunil Cutinho sold 2,600 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $139.57, for a total transaction of $362,882.00. Following the sale, the insider now directly owns 22,301 shares in the company, valued at approximately $3,112,550.57. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John W. Pietrowicz sold 5,175 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $139.70, for a total value of $722,947.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,939 shares of company stock worth $1,910,968. 0.57% of the stock is currently owned by corporate insiders.
Several brokerages have issued reports on CME. BidaskClub upgraded CME Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $127.00 target price on shares of CME Group in a research note on Friday, August 18th. Royal Bank Of Canada set a $135.00 target price on CME Group and gave the company a “buy” rating in a research note on Tuesday, August 1st. Barclays PLC boosted their target price on CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Finally, Wells Fargo & Co boosted their target price on CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. CME Group presently has a consensus rating of “Buy” and an average price target of $141.75.
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Shares of CME Group Inc. (NASDAQ:CME) opened at $141.87 on Friday. The stock has a market capitalization of $48,110.24, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. CME Group Inc. has a one year low of $111.19 and a one year high of $143.99.
CME Group (NASDAQ:CME) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The company had revenue of $890.80 million for the quarter, compared to analyst estimates of $890.22 million. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. equities research analysts predict that CME Group Inc. will post 4.78 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 dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.86%. CME Group’s payout ratio is 59.86%.
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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