Gateway Investment Advisers LLC increased its stake in shares of CME Group Inc. (NASDAQ:CME) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,176 shares of the financial services provider’s stock after buying an additional 19,949 shares during the period. Gateway Investment Advisers LLC owned approximately 0.06% of CME Group worth $27,324,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in CME. Bank of Montreal Can boosted its stake in CME Group by 3.9% in the second quarter. Bank of Montreal Can now owns 366,925 shares of the financial services provider’s stock valued at $45,953,000 after buying an additional 13,941 shares during the period. Cutler Group LP boosted its stake in CME Group by 1,055.6% in the second quarter. Cutler Group LP now owns 1,849 shares of the financial services provider’s stock valued at $231,000 after buying an additional 1,689 shares during the period. America First Investment Advisors LLC boosted its stake in CME Group by 1.3% in the second quarter. America First Investment Advisors LLC now owns 114,078 shares of the financial services provider’s stock worth $14,287,000 after buying an additional 1,487 shares during the last quarter. Guinness Asset Management Ltd boosted its stake in CME Group by 24.5% in the second quarter. Guinness Asset Management Ltd now owns 101,160 shares of the financial services provider’s stock worth $12,669,000 after buying an additional 19,880 shares during the last quarter. Finally, Burns J W & Co. Inc. NY boosted its stake in CME Group by 3.6% in the second quarter. Burns J W & Co. Inc. NY now owns 17,982 shares of the financial services provider’s stock worth $2,252,000 after buying an additional 621 shares during the last quarter. 83.29% of the stock is owned by hedge funds and other institutional investors.
Shares of CME Group Inc. (NASDAQ:CME) traded down 0.75% on Friday, reaching $123.26. 650,816 shares of the company’s stock traded hands. The firm has a market cap of $41.90 billion, a P/E ratio of 25.16 and a beta of 0.73. CME Group Inc. has a 12-month low of $98.95 and a 12-month high of $127.96. The stock has a 50-day moving average of $123.43 and a 200 day moving average of $120.91.
CME Group (NASDAQ:CME) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The firm had revenue of $925 million for the quarter, compared to the consensus estimate of $931.05 million. During the same period in the previous year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that CME Group Inc. will post $4.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.64 annualized dividend and a yield of 2.14%. CME Group’s dividend payout ratio is presently 53.99%.
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CME has been the topic of a number of recent analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $128.00 price target on shares of CME Group in a research report on Monday, July 10th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $133.00 price objective (down previously from $134.00) on shares of CME Group in a research report on Monday, May 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $127.00 price objective on shares of CME Group in a research report on Friday, July 14th. Citigroup Inc. started coverage on shares of CME Group in a research report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 price objective on the stock. Finally, BidaskClub raised shares of CME Group from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $131.63.
In related news, Chairman Terrence A. Duffy sold 21,815 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $123.89, for a total value of $2,702,660.35. Following the completion of the transaction, the chairman now directly owns 110,711 shares of the company’s stock, valued at approximately $13,715,985.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin J. Gepsman sold 200 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $126.14, for a total value of $25,228.00. Following the transaction, the director now directly owns 43,311 shares of the company’s stock, valued at $5,463,249.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,085 shares of company stock valued at $11,242,896. Insiders own 0.61% of the company’s stock.
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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