CME Group Inc (CME) Stake Raised by Primecap Management Co. CA

Primecap Management Co. CA lifted its position in shares of CME Group Inc (NASDAQ:CME) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,032,343 shares of the financial services provider’s stock after acquiring an additional 14,000 shares during the quarter. Primecap Management Co. CA owned 0.60% of CME Group worth $345,925,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Trust N.A. increased its holdings in shares of CME Group by 3.4% during the 3rd quarter. Raymond James Trust N.A. now owns 18,460 shares of the financial services provider’s stock worth $3,142,000 after buying an additional 605 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CME Group by 92.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,802 shares of the financial services provider’s stock worth $5,429,000 after buying an additional 15,311 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of CME Group by 282.5% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 765 shares of the financial services provider’s stock worth $130,000 after buying an additional 565 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of CME Group by 36.7% during the 3rd quarter. Franklin Resources Inc. now owns 2,086 shares of the financial services provider’s stock worth $355,000 after buying an additional 560 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of CME Group by 1.9% during the 3rd quarter. Baird Financial Group Inc. now owns 112,011 shares of the financial services provider’s stock worth $19,518,000 after buying an additional 2,043 shares during the last quarter. 84.55% of the stock is currently owned by institutional investors and hedge funds.

CME Group stock opened at $190.08 on Friday. CME Group Inc has a fifty-two week low of $143.68 and a fifty-two week high of $197.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $64.20 billion, a P/E ratio of 39.85, a P/E/G ratio of 2.19 and a beta of 0.49.

CME Group (NASDAQ:CME) last posted its earnings results on Thursday, October 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.03. CME Group had a net margin of 113.67% and a return on equity of 9.18%. The firm had revenue of $904.20 million during the quarter, compared to the consensus estimate of $910.50 million. On average, sell-side analysts expect that CME Group Inc will post 6.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Monday, December 10th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $2.80 annualized dividend and a yield of 1.47%. CME Group’s dividend payout ratio (DPR) is presently 58.70%.

In other CME Group news, CAO Jack J. Tobin sold 7,820 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $174.87, for a total value of $1,367,483.40. Following the completion of the transaction, the chief accounting officer now owns 17,534 shares of the company’s stock, valued at approximately $3,066,170.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Terrence A. Duffy sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $188.80, for a total transaction of $1,888,000.00. Following the completion of the transaction, the chairman now directly owns 95,652 shares of the company’s stock, valued at approximately $18,059,097.60. The disclosure for this sale can be found here. Insiders sold a total of 44,419 shares of company stock valued at $8,193,732 in the last quarter. 0.43% of the stock is owned by insiders.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of CME Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Citigroup assumed coverage on shares of CME Group in a report on Tuesday, November 20th. They set a “buy” rating and a $220.00 price target for the company. Atlantic Securities assumed coverage on shares of CME Group in a report on Wednesday. They set a “neutral” rating and a $200.00 price target for the company. Bank of America restated a “buy” rating and set a $200.00 price target on shares of CME Group in a report on Monday, November 5th. Finally, Deutsche Bank raised their price target on shares of CME Group from $205.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, November 16th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $191.80.

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CME Group Company Profile

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.

See Also: Why is the ex-dividend date different from the record date?

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

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