Principal Financial Group Inc. trimmed its holdings in shares of CME Group Inc. (NASDAQ:CME) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 477,151 shares of the financial services provider’s stock after selling 11,326 shares during the period. Principal Financial Group Inc. owned 0.14% of CME Group worth $64,740,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of CME. Janus Henderson Group PLC grew its holdings in CME Group by 13,530.7% during the second 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. Fiera Capital Corp grew its holdings in CME Group by 243.9% during the second quarter. Fiera Capital Corp now owns 1,926,918 shares of the financial services provider’s stock valued at $241,327,000 after purchasing an additional 1,366,557 shares during the period. Wells Fargo & Company MN grew its holdings in CME Group by 25.5% during the second quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock valued at $548,496,000 after purchasing an additional 889,217 shares during the period. BT Investment Management Ltd acquired a new position in CME Group during the second quarter valued at approximately $95,104,000. Finally, Pioneer Investment Management Inc. grew its holdings in CME Group by 1,359.5% during the second quarter. Pioneer Investment Management Inc. now owns 697,380 shares of the financial services provider’s stock valued at $87,340,000 after purchasing an additional 649,599 shares during the period. 82.63% of the stock is owned by institutional investors and hedge funds.
In other CME Group news, CFO John W. Pietrowicz sold 5,175 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $139.70, for a total transaction of $722,947.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Hilda Harris Piell sold 714 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $129.00, for a total transaction of $92,106.00. Following the sale, the insider now directly owns 28,844 shares in the company, valued at $3,720,876. The disclosure for this sale can be found here. In the last three months, insiders sold 11,339 shares of company stock worth $1,548,086. 0.57% of the stock is currently owned by insiders.
Shares of CME Group Inc. (CME) opened at $140.15 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.11. The company has a market cap of $46,757.18, a price-to-earnings ratio of 28.84, a PEG ratio of 2.82 and a beta of 0.71. CME Group Inc. has a 1 year low of $111.19 and a 1 year high of $141.07.
CME Group (NASDAQ:CME) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 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 analyst estimates of $890.22 million. CME Group had a net margin of 40.94% and a return on equity of 7.89%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. research analysts forecast that CME Group Inc. will post 4.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 8th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, December 7th. CME Group’s dividend payout ratio is presently 59.86%.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of CME Group from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Citigroup Inc. boosted their price objective on shares of CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Jefferies Group LLC restated a “buy” rating and set a $134.00 price objective (up previously from $128.00) on shares of CME Group in a report on Monday, July 17th. Barclays PLC assumed coverage on shares of CME Group in a report on Friday, September 8th. They set an “overweight” rating and a $139.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $138.89.
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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