Troy Asset Management Ltd Has $85.83 Million Stake in CME Group Inc. $CME

Troy Asset Management Ltd lessened its position in CME Group Inc. (NASDAQ:CME) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 314,284 shares of the financial services provider’s stock after selling 15,765 shares during the period. CME Group comprises about 2.1% of Troy Asset Management Ltd’s portfolio, making the stock its 10th biggest holding. Troy Asset Management Ltd’s holdings in CME Group were worth $85,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Asset Dedication LLC boosted its holdings in shares of CME Group by 64.9% during the 4th quarter. Asset Dedication LLC now owns 94 shares of the financial services provider’s stock worth $26,000 after buying an additional 37 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of CME Group during the 4th quarter worth about $27,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of CME Group by 191.9% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 108 shares of the financial services provider’s stock worth $29,000 after buying an additional 71 shares during the period. Global Wealth Strategies & Associates boosted its holdings in shares of CME Group by 1,250.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 108 shares of the financial services provider’s stock worth $30,000 after buying an additional 100 shares during the period. Finally, Anfield Capital Management LLC boosted its holdings in shares of CME Group by 197.4% during the 4th quarter. Anfield Capital Management LLC now owns 113 shares of the financial services provider’s stock worth $31,000 after buying an additional 75 shares during the period. Institutional investors own 87.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on CME shares. Royal Bank Of Canada lifted their target price on shares of CME Group from $295.00 to $302.00 and gave the stock a “sector perform” rating in a report on Thursday, February 5th. TD Cowen reduced their target price on shares of CME Group from $340.00 to $323.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Argus reaffirmed a “hold” rating on shares of CME Group in a report on Wednesday, March 4th. Keefe, Bruyette & Woods started coverage on shares of CME Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $305.00 target price for the company. Finally, Weiss Ratings raised shares of CME Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $305.29.

CME Group Price Performance

Shares of CME Group stock opened at $291.23 on Monday. CME Group Inc. has a twelve month low of $257.17 and a twelve month high of $329.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The company has a 50-day simple moving average of $296.38 and a two-hundred day simple moving average of $289.29. The stock has a market capitalization of $105.53 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.23.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.25. CME Group had a net margin of 63.19% and a return on equity of 15.42%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $2.80 EPS. The business’s revenue was up 14.5% on a year-over-year basis. Analysts forecast that CME Group Inc. will post 12.28 EPS for the current year.

CME Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be given a $1.30 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $5.20 annualized dividend and a dividend yield of 1.8%. CME Group’s payout ratio is presently 44.37%.

Insider Activity

In other news, General Counsel Jonathan L. Marcus sold 3,291 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $333.37, for a total value of $1,097,120.67. Following the completion of the transaction, the general counsel directly owned 7,192 shares in the company, valued at approximately $2,397,597.04. The trade was a 31.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hilda Harris Piell sold 5,753 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $304.63, for a total transaction of $1,752,536.39. Following the completion of the transaction, the insider owned 27,702 shares of the company’s stock, valued at $8,438,860.26. The trade was a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 44,044 shares of company stock worth $13,297,507. 0.30% of the stock is currently owned by corporate insiders.

CME Group Profile

CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.