Shelter Mutual Insurance Co Cuts Stake in CME Group Inc (CME)

Shelter Mutual Insurance Co lessened its holdings in shares of CME Group Inc (NASDAQ:CME) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 75,100 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. CME Group makes up 3.3% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 10th biggest holding. Shelter Mutual Insurance Co’s holdings in CME Group were worth $10,968,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co. bought a new position in CME Group during the second quarter worth $105,000. Valeo Financial Advisors LLC bought a new position in CME Group during the third quarter worth $124,000. Quadrant Capital Group LLC raised its stake in CME Group by 13.6% during the second quarter. Quadrant Capital Group LLC now owns 944 shares of the financial services provider’s stock worth $111,000 after buying an additional 113 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in CME Group during the second quarter worth $129,000. Finally, People s United Financial Inc. raised its stake in CME Group by 11.5% during the second quarter. People s United Financial Inc. now owns 1,063 shares of the financial services provider’s stock worth $133,000 after buying an additional 110 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

CME Group Inc (CME) traded down $0.09 on Friday, reaching $152.81. 1,056,100 shares of the company’s stock traded hands, compared to its average volume of 1,153,737. CME Group Inc has a 12-month low of $113.90 and a 12-month high of $155.29. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $51,940.00, a P/E ratio of 34.65, a P/E/G ratio of 2.55 and a beta of 0.72.

CME Group (NASDAQ:CME) last posted 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 firm had revenue of $890.80 million during the quarter, compared to the consensus estimate of $890.22 million. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. analysts forecast that CME Group Inc will post 4.76 earnings per share for the current fiscal year.

The business also recently declared a dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th will be paid a $3.50 dividend. This is an increase from CME Group’s previous dividend of $3.25. The ex-dividend date of this dividend is Wednesday, December 27th. CME Group’s payout ratio is 59.86%.

A number of equities analysts recently weighed in on CME shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $133.00 target price on shares of CME Group in a research note on Thursday, September 21st. BidaskClub raised shares of CME Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Wells Fargo & Co lifted their target price on shares of CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 4th. Barclays lifted their target price on shares of CME Group from $139.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada lifted their target price on shares of CME Group from $135.00 to $147.00 and gave the stock an “outperform” rating in a research note on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $144.22.

In other news, insider Sunil Cutinho sold 2,600 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $139.57, for a total transaction 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 $3,112,550.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John W. Pietrowicz sold 5,175 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $139.70, for a total transaction of $722,947.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,603 shares of company stock valued at $6,250,726. 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.

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

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