L & S Advisors Inc Grows Stock Holdings in CME Group Inc (NASDAQ:CME)
L & S Advisors Inc raised its position in shares of CME Group Inc (NASDAQ:CME) by 124.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,888 shares of the financial services provider’s stock after buying an additional 6,042 shares during the period. L & S Advisors Inc’s holdings in CME Group were worth $2,113,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parnassus Investments CA acquired a new stake in shares of CME Group in the second quarter valued at $544,292,000. Magellan Asset Management Ltd acquired a new stake in shares of CME Group during the second quarter worth about $418,297,000. Geode Capital Management LLC increased its position in shares of CME Group by 12.9% during the fourth quarter. Geode Capital Management LLC now owns 4,715,269 shares of the financial services provider’s stock worth $885,776,000 after purchasing an additional 537,917 shares in the last quarter. Fiera Capital Corp increased its position in shares of CME Group by 17.0% during the second quarter. Fiera Capital Corp now owns 2,960,477 shares of the financial services provider’s stock worth $574,658,000 after purchasing an additional 429,235 shares in the last quarter. Finally, FMR LLC increased its position in shares of CME Group by 5.7% during the first quarter. FMR LLC now owns 6,553,654 shares of the financial services provider’s stock worth $1,078,600,000 after purchasing an additional 355,566 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
In related news, insider Sean Tully sold 7,200 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $223.13, for a total transaction of $1,606,536.00. Following the transaction, the insider now owns 19,923 shares of the company’s stock, valued at $4,445,418.99. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Terrence A. Duffy sold 35,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $200.15, for a total value of $7,005,250.00. Following the transaction, the chief executive officer now directly owns 79,057 shares in the company, valued at approximately $15,823,258.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,626 shares of company stock worth $12,255,934. Corporate insiders own 1.20% of the company’s stock.
Shares of NASDAQ CME traded down $0.38 during midday trading on Friday, reaching $205.00. 126,464 shares of the company were exchanged, compared to its average volume of 1,077,492. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.15. CME Group Inc has a 1 year low of $161.05 and a 1 year high of $224.91. The stock has a fifty day simple moving average of $211.18 and a 200 day simple moving average of $191.03. The stock has a market cap of $73.56 billion, a P/E ratio of 30.06, a PEG ratio of 4.57 and a beta of 0.19.
CME Group (NASDAQ:CME) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. CME Group had a return on equity of 9.14% and a net margin of 39.36%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company posted $1.74 earnings per share. The business’s revenue was up 20.1% on a year-over-year basis. As a group, analysts forecast that CME Group Inc will post 6.69 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, September 9th. CME Group’s dividend payout ratio is currently 43.99%.
CME Group Profile
CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.
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