McGuire Investment Group LLC reduced its stake in shares of CME Group Inc. (NASDAQ:CME – Get Rating ) by 9.3% during the first quarter, Holdings Channel reports. The firm owned 44,721 shares of the financial services provider’s stock after selling 4,564 shares during the quarter. CME Group accounts for approximately 2.0% of McGuire Investment Group LLC’s holdings, making the stock its 18th biggest holding. McGuire Investment Group LLC’s holdings in CME Group were worth $10,637,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in CME. Exchange Capital Management Inc. boosted its holdings in CME Group by 2.1% in the fourth quarter. Exchange Capital Management Inc. now owns 2,437 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 49 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in CME Group by 15.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 371 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 51 shares in the last quarter. Veriti Management LLC boosted its holdings in CME Group by 1.0% in the fourth quarter. Veriti Management LLC now owns 5,327 shares of the financial services provider’s stock valued at $1,217,000 after acquiring an additional 52 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in CME Group by 2.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,873 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 53 shares during the last quarter. Finally, Fiduciary Trust Co. boosted its holdings in CME Group by 1.9% in the fourth quarter. Fiduciary Trust Co. now owns 3,021 shares of the financial services provider’s stock valued at $690,000 after acquiring an additional 55 shares in the last quarter. 86.71% of the shares are owned by institutional investors and hedge funds.
Several research analysts have weighed in on CME shares. Argus upgraded CME Group from a “hold” rating to a “buy” rating in a report on Monday, May 16th. Oppenheimer upgraded CME Group from a “market perform” rating to an “outperform” rating and set a $223.00 target price on the stock in a report on Wednesday, May 25th. Rosenblatt Securities reduced their target price on CME Group from $268.00 to $267.00 and set a “neutral” rating on the stock in a report on Thursday, April 14th. StockNews.com started coverage on CME Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Credit Suisse Group decreased their price objective on CME Group from $265.00 to $262.00 and set a “neutral” rating on the stock in a report on Tuesday, April 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. CME Group has an average rating of “Hold” and a consensus target price of $246.73, according to MarketBeat.com.
The NASDAQ CME opened at $204.36 on Wednesday. The company has a market cap of $73.45 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 4.21 and a beta of 0.44. CME Group Inc. has a twelve month low of $185.79 and a twelve month high of $256.94. The stock has a fifty day simple moving average of $203.35 and a 200 day simple moving average of $223.37. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12.
CME Group (NASDAQ:CME – Get Rating ) last posted its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.11. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. CME Group had a return on equity of 9.29% and a net margin of 57.98%. CME Group’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business reported $1.79 earnings per share. Analysts expect CME Group Inc. to post 7.91 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 27th. Investors of record on Friday, June 10th were given a $1.00 dividend. The ex-dividend date was Thursday, June 9th. This represents a dividend of $4.00 on an annualized basis and a yield of 1.96%. CME Group’s payout ratio is 52.22%.
CME Group Profile (Get Rating)
CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indices, foreign exchange, agricultural commodities, energy and metals, as well as fixed income products.
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