Riverpark Capital Management LLC lessened its stake in shares of CME Group Inc (NASDAQ:CME) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 180,248 shares of the financial services provider’s stock after selling 31,620 shares during the quarter. CME Group comprises about 3.2% of Riverpark Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Riverpark Capital Management LLC owned 0.05% of CME Group worth $24,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CME. Rothschild Asset Management Inc. boosted its holdings in shares of CME Group by 8.8% in the second quarter. Rothschild Asset Management Inc. now owns 9,104 shares of the financial services provider’s stock worth $1,140,000 after buying an additional 740 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of CME Group by 48.6% in the second quarter. Bessemer Group Inc. now owns 12,560 shares of the financial services provider’s stock worth $1,574,000 after buying an additional 4,110 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of CME Group by 2.1% in the second quarter. Daiwa Securities Group Inc. now owns 9,650 shares of the financial services provider’s stock worth $1,209,000 after buying an additional 200 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of CME Group by 2.4% in the second quarter. IFP Advisors Inc now owns 2,998 shares of the financial services provider’s stock worth $375,000 after buying an additional 71 shares during the last quarter. Finally, Global X Management Co. LLC boosted its holdings in shares of CME Group by 7.2% in the second quarter. Global X Management Co. LLC now owns 7,067 shares of the financial services provider’s stock worth $885,000 after buying an additional 472 shares during the last quarter. 83.17% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on CME shares. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $127.00 price objective on shares of CME Group in a report on Friday, August 18th. UBS reissued a “buy” rating and issued a $135.00 price objective (up previously from $134.00) on shares of CME Group in a report on Wednesday, September 6th. Barclays started coverage on shares of CME Group in a report on Friday, September 8th. They issued an “overweight” rating and a $139.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $141.75.

CME Group Inc (NASDAQ CME) opened at $152.07 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. CME Group Inc has a 1-year low of $113.27 and a 1-year high of $155.29. The firm has a market cap of $51,799.82, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 3.14 and a beta of 0.73.

CME Group (NASDAQ:CME) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.03. CME Group had a net margin of 40.94% and a return on equity of 7.89%. The business had revenue of $890.80 million for the quarter, compared to the consensus estimate of $890.22 million. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. equities research analysts forecast that CME Group Inc will post 4.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, December 7th. CME Group’s dividend payout ratio is currently 59.86%.

In other news, Director Dennis Suskind sold 750 shares of CME Group stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $129.34, for a total transaction of $97,005.00. Following the sale, the director now owns 5,059 shares in the company, valued at $654,331.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John W. Pietrowicz sold 2,500 shares of CME Group stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. The disclosure for this sale can be found here. Insiders have sold 34,921 shares of company stock worth $5,016,248 in the last ninety days. Insiders own 0.57% of the company’s stock.

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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.

Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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