Bristol Advisors LLC Purchases Shares of 9,000 CME Group Inc (CME)

Bristol Advisors LLC purchased a new stake in shares of CME Group Inc (NASDAQ:CME) during the fourth quarter, HoldingsChannel reports. The fund purchased 9,000 shares of the financial services provider’s stock, valued at approximately $1,314,000. CME Group comprises about 0.8% of Bristol Advisors LLC’s holdings, making the stock its 29th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new position in shares of CME Group during the 3rd quarter worth about $232,000. Nippon Life Global Investors Americas Inc. boosted its position in shares of CME Group by 6.1% during the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 87,970 shares of the financial services provider’s stock worth $11,935,000 after purchasing an additional 5,080 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of CME Group by 7.8% during the 3rd quarter. California Public Employees Retirement System now owns 837,382 shares of the financial services provider’s stock worth $113,616,000 after purchasing an additional 60,652 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of CME Group during the 2nd quarter worth about $693,000. Finally, First National Trust Co. raised its holdings in shares of CME Group by 21.8% in the 3rd quarter. First National Trust Co. now owns 16,699 shares of the financial services provider’s stock worth $2,266,000 after acquiring an additional 2,990 shares during the last quarter. 82.70% of the stock is currently owned by institutional investors.

In other news, COO Julie Holzrichter sold 12,920 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $144.08, for a total transaction of $1,861,513.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sunil Cutinho sold 2,600 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $139.57, for a total transaction of $362,882.00. Following the transaction, the insider now directly owns 22,301 shares of the company’s stock, valued at $3,112,550.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,603 shares of company stock valued at $6,250,726. Company insiders own 0.57% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of CME Group from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $133.00 target price on shares of CME Group in a report on Thursday, September 21st. Royal Bank of Canada upped their target price on shares of CME Group from $135.00 to $147.00 and gave the stock an “outperform” rating in a report on Monday, October 16th. Finally, Barclays upped their target price on shares of CME Group from $139.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $144.22.

CME Group Inc (NASDAQ:CME) traded down $0.09 during trading hours 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. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $51,940.00, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.55 and a beta of 0.72. CME Group Inc has a 52-week low of $113.90 and a 52-week high of $155.29.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The firm had revenue of $890.80 million during 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 company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS. analysts expect that CME Group Inc will post 4.76 earnings per share for the current year.

The company also recently disclosed 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 a positive change from CME Group’s previous dividend of $3.25. The ex-dividend date is Wednesday, December 27th. CME Group’s dividend payout ratio (DPR) is 59.86%.

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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.

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

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