IFC Holdings Incorporated FL Boosts Stake in CME Group Inc. (CME)
IFC Holdings Incorporated FL raised its position in CME Group Inc. (NASDAQ:CME) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,071 shares of the financial services provider’s stock after buying an additional 13 shares during the period. IFC Holdings Incorporated FL’s holdings in CME Group were worth $1,262,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Highland Capital Management LLC acquired a new stake in shares of CME Group during the first quarter worth approximately $273,000. Bank of Montreal Can raised its stake in shares of CME Group by 7.0% in the first quarter. Bank of Montreal Can now owns 352,984 shares of the financial services provider’s stock worth $41,934,000 after buying an additional 23,242 shares in the last quarter. CrestPoint Capital Management LLC acquired a new stake in shares of CME Group during the first quarter worth approximately $202,000. Atria Investments LLC raised its stake in shares of CME Group by 4.1% in the first quarter. Atria Investments LLC now owns 2,315 shares of the financial services provider’s stock worth $275,000 after buying an additional 91 shares in the last quarter. Finally, Skylands Capital LLC raised its stake in shares of CME Group by 24.9% in the first quarter. Skylands Capital LLC now owns 22,800 shares of the financial services provider’s stock worth $2,709,000 after buying an additional 4,550 shares in the last quarter. 83.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of CME Group Inc. (CME) opened at 123.26 on Friday. The firm’s 50-day moving average is $123.41 and its 200 day moving average is $120.96. The company has a market capitalization of $41.90 billion, a price-to-earnings ratio of 25.16 and a beta of 0.73. CME Group Inc. has a 52-week low of $98.95 and a 52-week high of $127.96.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $925 million for the quarter, compared to the consensus estimate of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS. On average, equities research analysts anticipate that CME Group Inc. will post $4.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 7th. CME Group’s dividend payout ratio is 53.99%.
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CME has been the topic of a number of research reports. Deutsche Bank AG boosted their price objective on shares of CME Group from $136.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada cut their price objective on shares of CME Group from $134.00 to $133.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 19th. UBS AG reissued a “buy” rating and issued a $134.00 price objective (down previously from $136.00) on shares of CME Group in a research report on Monday, June 5th. BidaskClub raised shares of CME Group from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $128.00 price objective on shares of CME Group in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. CME Group has a consensus rating of “Hold” and a consensus target price of $131.63.
In other CME Group news, Director Martin J. Gepsman sold 200 shares of CME Group stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $126.14, for a total transaction of $25,228.00. Following the transaction, the director now directly owns 43,311 shares of the company’s stock, valued at approximately $5,463,249.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Bryan T. Durkin sold 9,200 shares of CME Group stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $125.13, for a total transaction of $1,151,196.00. Following the transaction, the president now directly owns 70,938 shares in the company, valued at $8,876,471.94. The disclosure for this sale can be found here. Insiders have sold a total of 91,085 shares of company stock worth $11,242,896 over the last ninety days. Insiders own 0.61% of the company’s stock.
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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