IHT Wealth Management LLC boosted its stake in shares of CME Group Inc. (NASDAQ:CME) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,485 shares of the financial services provider’s stock after buying an additional 40 shares during the period. IHT Wealth Management LLC’s holdings in CME Group were worth $410,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in CME. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of CME Group by 10.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,190 shares of the financial services provider’s stock valued at $1,329,000 after buying an additional 1,090 shares during the period. HighTower Advisors LLC raised its position in shares of CME Group by 105.2% in the first quarter. HighTower Advisors LLC now owns 128,872 shares of the financial services provider’s stock valued at $15,310,000 after buying an additional 66,054 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of CME Group by 8.2% in the first quarter. Flagship Harbor Advisors LLC now owns 2,808 shares of the financial services provider’s stock valued at $330,000 after buying an additional 212 shares during the period. Tudor Investment Corp ET AL raised its position in shares of CME Group by 17.1% in the first quarter. Tudor Investment Corp ET AL now owns 55,719 shares of the financial services provider’s stock valued at $6,619,000 after buying an additional 8,119 shares during the period. Finally, Simonbaker & Partners LLC raised its position in shares of CME Group by 21.3% in the first quarter. Simonbaker & Partners LLC now owns 2,032 shares of the financial services provider’s stock valued at $241,000 after buying an additional 357 shares during the period. 83.09% of the stock is owned by institutional investors and hedge funds.
Shares of CME Group Inc. (NASDAQ:CME) opened at 124.83 on Monday. The firm’s 50-day moving average is $120.94 and its 200-day moving average is $119.90. CME Group Inc. has a 1-year low of $98.41 and a 1-year high of $127.96. The company has a market capitalization of $42.42 billion, a price-to-earnings ratio of 27.02 and a beta of 0.74.
CME Group (NASDAQ:CME) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. CME Group had a return on equity of 7.43% and a net margin of 43.62%. The business had revenue of $929 million for the quarter, compared to analyst estimates of $932.06 million. During the same quarter in the prior year, the firm posted $1.15 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Analysts forecast that CME Group Inc. will post $4.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 26th. Stockholders of record on Friday, June 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, June 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.11%. CME Group’s dividend payout ratio (DPR) is 57.14%.
Several research analysts have commented on the stock. Jefferies Group LLC restated a “buy” rating and issued a $128.00 price objective on shares of CME Group in a report on Monday. Deutsche Bank AG decreased their price objective on shares of CME Group from $139.00 to $136.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. Royal Bank of Canada upped their price objective on shares of CME Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, June 20th. BidaskClub upgraded shares of CME Group from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research upgraded shares of CME Group from a “sell” rating to a “hold” rating in a report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $117.88.
In other news, Director Dennis Suskind sold 1,099 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $115.29, for a total transaction of $126,703.71. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $576,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy S. Bitsberger sold 800 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $125.93, for a total value of $100,744.00. Following the transaction, the director now owns 9,024 shares in the company, valued at approximately $1,136,392.32. The disclosure for this sale can be found here. Insiders have sold a total of 46,254 shares of company stock worth $5,644,474 in the last quarter. Insiders own 0.61% of the company’s stock.
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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