Arizona State Retirement System Buys 7,494 Shares of CME Group Inc (CME)
Arizona State Retirement System grew its stake in CME Group Inc (NASDAQ:CME) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,287 shares of the financial services provider’s stock after purchasing an additional 7,494 shares during the period. Arizona State Retirement System’s holdings in CME Group were worth $24,432,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors lifted 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 buying an additional 1,279,058 shares in the last quarter. Thornburg Investment Management Inc. lifted 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 buying an additional 200,483 shares in the last quarter. APG Asset Management N.V. lifted 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 buying an additional 196,171 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of CME Group by 5.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,711,123 shares of the financial services provider’s stock valued at $249,910,000 after buying an additional 89,480 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of CME Group by 3.7% during the 3rd quarter. Legal & General Group Plc now owns 1,700,780 shares of the financial services provider’s stock valued at $230,762,000 after buying an additional 60,352 shares in the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.
In other CME Group 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 directly owns 22,301 shares of the company’s stock, valued at approximately $3,112,550.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Julie Holzrichter sold 12,920 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $144.08, for a total value of $1,861,513.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,128 shares of company stock valued at $10,086,157. 0.57% of the stock is owned by corporate insiders.
CME Group Inc (NASDAQ:CME) opened at $162.15 on Thursday. CME Group Inc has a 52 week low of $114.82 and a 52 week high of $163.00. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $54,312.66, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.08 and a beta of 0.64.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The firm had revenue of $900.00 million during the quarter, compared to the consensus estimate of $886.85 million. During the same period in the prior year, the company earned $1.14 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. equities analysts predict that CME Group Inc will post 6.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be paid a $0.70 dividend. This is an increase from CME Group’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, March 8th. CME Group’s dividend payout ratio is currently 22.11%.
TRADEMARK VIOLATION WARNING: “Arizona State Retirement System Buys 7,494 Shares of CME Group Inc (CME)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2018/02/15/arizona-state-retirement-system-buys-7494-shares-of-cme-group-inc-cme.html.
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.
Want to see what other hedge funds are holding CME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CME Group Inc (NASDAQ:CME).
Receive News & Ratings for CME Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CME Group and related companies with MarketBeat.com's FREE daily email newsletter.