Lockheed Martin Investment Management Co. boosted its position in shares of CME Group Inc. (NASDAQ:CME) by 40.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,800 shares of the financial services provider’s stock after buying an additional 4,800 shares during the period. Lockheed Martin Investment Management Co.’s holdings in CME Group were worth $2,104,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. boosted its stake in shares of CME Group by 5.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 585,946 shares of the financial services provider’s stock worth $69,610,000 after buying an additional 31,769 shares in the last quarter. Burns J W & Co. Inc. NY raised its position in shares of CME Group by 6.1% in the first quarter. Burns J W & Co. Inc. NY now owns 17,361 shares of the financial services provider’s stock valued at $2,062,000 after buying an additional 997 shares in the last quarter. New England Research & Management Inc. purchased a new position in shares of CME Group during the first quarter valued at about $368,000. Raymond James Trust N.A. raised its position in shares of CME Group by 4.7% in the first quarter. Raymond James Trust N.A. now owns 13,972 shares of the financial services provider’s stock valued at $1,660,000 after buying an additional 631 shares in the last quarter. Finally, National Pension Service raised its position in shares of CME Group by 6.3% in the first quarter. National Pension Service now owns 254,243 shares of the financial services provider’s stock valued at $30,217,000 after buying an additional 15,099 shares in the last quarter. 83.29% of the stock is owned by hedge funds and other institutional investors.
Shares of CME Group Inc. (NASDAQ CME) traded down 0.75% on Friday, hitting $123.26. 650,816 shares of the stock traded hands. CME Group Inc. has a 52 week low of $98.95 and a 52 week high of $127.96. The stock has a market cap of $41.90 billion, a price-to-earnings ratio of 25.16 and a beta of 0.73. The stock has a 50 day moving average price of $123.41 and a 200-day moving average price of $120.96.
CME Group (NASDAQ:CME) last posted its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $931.05 million. During the same period in the prior year, the company posted $1.14 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that CME Group Inc. will post $4.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 7th. CME Group’s dividend payout ratio is presently 53.99%.
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Several brokerages have recently commented on CME. BidaskClub raised CME Group from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Royal Bank Of Canada set a $135.00 target price on CME Group and gave the stock a “buy” rating in a report on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and issued a $134.00 target price (up from $128.00) on shares of CME Group in a report on Monday, July 17th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $127.00 price target on shares of CME Group in a research note on Friday, July 14th. Finally, Citigroup Inc. initiated coverage on shares of CME Group in a research report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. CME Group has an average rating of “Hold” and an average price target of $131.63.
In other CME Group news, insider Sunil Cutinho sold 10,265 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $117.85, for a total value of $1,209,730.25. Following the sale, the insider now directly owns 21,690 shares in the company, valued at approximately $2,556,166.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin J. Gepsman sold 200 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $126.14, for a total transaction of $25,228.00. Following the completion of the sale, the director now owns 43,311 shares in the company, valued at $5,463,249.54. The disclosure for this sale can be found here. Insiders sold a total of 91,085 shares of company stock worth $11,242,896 over the last quarter. Corporate 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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