CME Group Inc (CME) Shares Sold by Madison Investment Holdings Inc.
Madison Investment Holdings Inc. cut its position in shares of CME Group Inc (NASDAQ:CME) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,887 shares of the financial services provider’s stock after selling 11,371 shares during the quarter. Madison Investment Holdings Inc.’s holdings in CME Group were worth $18,240,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Eaton Vance Management grew its holdings in shares of CME Group by 50.0% during the fourth quarter. Eaton Vance Management now owns 438,689 shares of the financial services provider’s stock worth $64,071,000 after buying an additional 146,279 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of CME Group by 2.7% during the fourth quarter. Suntrust Banks Inc. now owns 121,949 shares of the financial services provider’s stock worth $17,809,000 after buying an additional 3,173 shares in the last quarter. Honeywell International Inc. bought a new position in shares of CME Group during the fourth quarter worth about $35,052,000. Timber Hill LLC bought a new position in shares of CME Group during the fourth quarter worth about $1,613,000. Finally, Edgestream Partners L.P. bought a new position in shares of CME Group during the fourth quarter worth about $250,000. Institutional investors and hedge funds own 82.63% of the company’s stock.
CME Group Inc (CME) opened at $160.53 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.03 and a quick ratio of 1.05. The firm has a market capitalization of $54,862.02, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 2.10 and a beta of 0.64. CME Group Inc has a one year low of $114.82 and a one year high of $165.35.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.74%. This is an increase from CME Group’s previous quarterly dividend of $0.66. The ex-dividend date is Thursday, March 8th. CME Group’s dividend payout ratio (DPR) is currently 22.11%.
In other news, insider Hilda Harris Piell sold 3,299 shares of CME Group stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $163.52, for a total transaction of $539,452.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kimberly S. Taylor sold 8,125 shares of CME Group stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $150.00, for a total value of $1,218,750.00. Following the transaction, the insider now owns 120,590 shares of the company’s stock, valued at $18,088,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,027 shares of company stock valued at $10,294,709. Corporate insiders own 0.57% of the company’s stock.
A number of research analysts recently issued reports on the company. Barclays increased their price objective on CME Group from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Sandler O’Neill reiterated a “buy” rating and set a $175.00 price objective on shares of CME Group in a report on Friday, February 2nd. Citigroup reiterated a “buy” rating and set a $172.00 price objective (up from $155.00) on shares of CME Group in a report on Monday, January 29th. Bank of America increased their price objective on CME Group from $173.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, BidaskClub upgraded CME Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 10th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $157.00.
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About CME Group
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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