Victory Capital Management Inc. decreased its holdings in CME Group Inc. (NASDAQ:CME – Get Rating) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,860 shares of the financial services provider’s stock after selling 16,315 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of CME Group worth $53,451,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of CME. RB Capital Management LLC increased its stake in CME Group by 11.4% in the 1st quarter. RB Capital Management LLC now owns 1,419 shares of the financial services provider’s stock valued at $338,000 after buying an additional 145 shares during the period. Prudential PLC acquired a new position in CME Group in the 1st quarter valued at $1,709,000. Cetera Investment Advisers increased its stake in CME Group by 5.8% in the 1st quarter. Cetera Investment Advisers now owns 3,485 shares of the financial services provider’s stock valued at $829,000 after buying an additional 190 shares during the period. Sequoia Financial Advisors LLC acquired a new position in CME Group in the 1st quarter valued at $281,000. Finally, Candriam Luxembourg S.C.A. increased its stake in CME Group by 9.5% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 25,230 shares of the financial services provider’s stock valued at $6,001,000 after buying an additional 2,181 shares during the period. 85.09% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on CME. Rosenblatt Securities reaffirmed a “sell” rating and set a $161.00 price target on shares of CME Group in a research note on Wednesday, April 5th. Morgan Stanley upped their price target on shares of CME Group from $201.00 to $208.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 11th. Oppenheimer upped their price target on shares of CME Group from $213.00 to $221.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 12th. JPMorgan Chase & Co. lowered their price target on shares of CME Group from $196.00 to $194.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 19th. Finally, StockNews.com began coverage on shares of CME Group in a research note on Thursday, May 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $210.50.
CME Group Price Performance
CME Group (NASDAQ:CME – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.06. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. CME Group had a net margin of 55.99% and a return on equity of 10.88%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.11 EPS. As a group, research analysts forecast that CME Group Inc. will post 8.73 earnings per share for the current fiscal year.
CME Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 27th. Shareholders of record on Friday, June 9th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $4.40 dividend on an annualized basis and a yield of 2.39%. CME Group’s dividend payout ratio (DPR) is 55.91%.
CME Group Company Profile
CME Group, Inc operates a derivatives marketplace, which offers a range of futures and options products for risk management. Its exchanges offer a range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange (FX), energy, agricultural commodities and metals.
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