Shelter Ins Retirement Plan Has $6.34 Million Position in CME Group Inc (CME)
Shelter Ins Retirement Plan reduced its holdings in CME Group Inc (NASDAQ:CME) by 19.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,400 shares of the financial services provider’s stock after selling 10,700 shares during the quarter. CME Group accounts for 2.8% of Shelter Ins Retirement Plan’s portfolio, making the stock its 16th largest position. Shelter Ins Retirement Plan’s holdings in CME Group were worth $6,339,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of CME Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 22,795,894 shares of the financial services provider’s stock valued at $2,854,958,000 after purchasing an additional 563,460 shares during the period. Capital International Investors increased its position in shares of CME Group by 11.4% during the 3rd quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock valued at $1,694,514,000 after purchasing an additional 1,279,058 shares during the period. Janus Henderson Group PLC increased its position in shares of CME Group by 13,530.7% during the 2nd quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock valued at $770,227,000 after purchasing an additional 6,104,897 shares during the period. Thornburg Investment Management Inc. increased its position in shares of CME Group by 5.4% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,902,886 shares of the financial services provider’s stock valued at $529,544,000 after purchasing an additional 200,483 shares during the period. Finally, APG Asset Management N.V. increased its position in shares of CME Group by 10.7% during the 3rd quarter. APG Asset Management N.V. now owns 2,021,128 shares of the financial services provider’s stock valued at $274,227,000 after purchasing an additional 196,171 shares during the period. Hedge funds and other institutional investors own 82.70% of the company’s stock.
Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. BidaskClub upgraded CME Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $133.00 target price on shares of CME Group in a report on Thursday, September 21st. Zacks Investment Research upgraded CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Tuesday, January 2nd. Finally, Barclays 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. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $144.22.
CME Group (NASDAQ:CME) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.03. The business had revenue of $890.80 million for the quarter, compared to analysts’ expectations of $890.22 million. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 EPS. sell-side analysts expect that CME Group Inc will post 4.76 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, December 28th will be given a $3.50 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This is a boost from CME Group’s previous dividend of $3.25. CME Group’s dividend payout ratio (DPR) is 59.86%.
In other news, insider Sunil Cutinho sold 2,600 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $139.57, for a total value of $362,882.00. Following the completion of the sale, the insider now owns 22,301 shares of the company’s stock, valued at $3,112,550.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John W. Pietrowicz sold 5,175 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was 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. In the last ninety days, insiders sold 42,603 shares of company stock valued at $6,250,726. 0.57% of the stock is currently 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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