Westpac Banking Corp Has $4.45 Million Holdings in CME Group Inc. (CME)
Westpac Banking Corp cut its stake in shares of CME Group Inc. (NASDAQ:CME) by 95.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,528 shares of the financial services provider’s stock after selling 786,427 shares during the period. Westpac Banking Corp’s holdings in CME Group were worth $4,450,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in shares of CME Group by 4.1% in the 1st quarter. Parallel Advisors LLC now owns 1,084 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 43 shares during the period. Whittier Trust Co. grew its holdings in shares of CME Group by 2.6% in the 2nd quarter. Whittier Trust Co. now owns 1,057 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 27 shares during the period. RidgeWorth Capital Management LLC grew its holdings in shares of CME Group by 55.5% in the 1st quarter. RidgeWorth Capital Management LLC now owns 1,138 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 406 shares during the period. Guardian Life Insurance Co. of America grew its holdings in shares of CME Group by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,309 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 9 shares during the period. Finally, Grove Bank & Trust grew its holdings in shares of CME Group by 41.6% in the 2nd quarter. Grove Bank & Trust now owns 1,274 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 374 shares during the period. 82.66% of the stock is owned by hedge funds and other institutional investors.
Shares of CME Group Inc. (NASDAQ CME) opened at 126.25 on Tuesday. CME Group Inc. has a one year low of $98.95 and a one year high of $127.96. The firm has a market capitalization of $42.91 billion, a P/E ratio of 25.77 and a beta of 0.72. The company has a 50-day moving average price of $124.02 and a 200 day moving average price of $121.62.
CME Group (NASDAQ:CME) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The business had revenue of $925 million during the quarter, compared to analyst estimates of $931.05 million. During the same quarter in the previous year, the business earned $1.14 EPS. CME Group’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts expect that CME Group Inc. will post $4.80 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 7th. CME Group’s payout ratio is presently 53.99%.
A number of equities research analysts recently weighed in on CME shares. Jefferies Group LLC restated a “buy” rating and issued a $128.00 price target on shares of CME Group in a report on Monday, July 10th. Deutsche Bank AG restated a “buy” rating and issued a $133.00 price target (down previously from $134.00) on shares of CME Group in a report on Monday, May 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $127.00 price target on shares of CME Group in a report on Friday, July 14th. Citigroup Inc. started coverage on CME Group in a report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 price target on the stock. Finally, BidaskClub upgraded CME Group from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. CME Group has a consensus rating of “Hold” and a consensus target price of $131.63.
In other CME Group news, President Bryan T. Durkin sold 9,200 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $125.13, for a total transaction of $1,151,196.00. Following the completion of the transaction, the president now owns 70,938 shares of the company’s stock, valued at approximately $8,876,471.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Terrence A. Duffy sold 21,815 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $123.89, for a total transaction of $2,702,660.35. Following the transaction, the chairman now directly owns 110,711 shares of the company’s stock, valued at approximately $13,715,985.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,570 shares of company stock valued at $9,893,313. 0.57% of the stock is owned by company insiders.
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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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