Bank of Montreal Can Increases Holdings in CME Group Inc (CME)

Bank of Montreal Can grew its stake in shares of CME Group Inc (NASDAQ:CME) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 614,562 shares of the financial services provider’s stock after acquiring an additional 90,984 shares during the period. Bank of Montreal Can’s holdings in CME Group were worth $89,758,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CME. PNC Financial Services Group Inc. lifted its position in shares of CME Group by 11.9% during the second quarter. PNC Financial Services Group Inc. now owns 86,143 shares of the financial services provider’s stock worth $10,789,000 after acquiring an additional 9,142 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of CME Group by 2.9% during the second quarter. Thrivent Financial For Lutherans now owns 12,860 shares of the financial services provider’s stock worth $1,611,000 after acquiring an additional 360 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of CME Group during the second quarter worth $372,000. UBS Asset Management Americas Inc. lifted its position in shares of CME Group by 6.8% during the second quarter. UBS Asset Management Americas Inc. now owns 1,132,380 shares of the financial services provider’s stock worth $141,819,000 after acquiring an additional 72,531 shares in the last quarter. Finally, Public Sector Pension investment Board lifted its position in shares of CME Group by 21.7% during the second quarter. Public Sector Pension investment Board now owns 93,810 shares of the financial services provider’s stock worth $11,749,000 after acquiring an additional 16,700 shares in the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.

Shares of CME Group Inc (NASDAQ CME) opened at $151.45 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. CME Group Inc has a 12-month low of $114.82 and a 12-month high of $155.29. The stock has a market capitalization of $51,540.00, a price-to-earnings ratio of 34.34, a P/E/G ratio of 2.04 and a beta of 0.72.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The company had revenue of $890.80 million for the quarter, compared to the consensus estimate of $890.22 million. During the same quarter last year, the business posted $1.05 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. analysts expect that CME Group Inc will post 4.76 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, December 28th were given a $3.50 dividend. The ex-dividend date was Wednesday, December 27th. This is an increase from CME Group’s previous dividend of $3.25. CME Group’s dividend payout ratio (DPR) is 59.86%.

In related news, Director Jeffrey M. Bernacchi sold 1,501 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $149.75, for a total value of $224,774.75. Following the sale, the director now owns 60,194 shares in the company, valued at $9,014,051.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sunil Cutinho sold 2,600 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $139.57, for a total value of $362,882.00. Following the completion of the sale, the insider now owns 22,301 shares in the company, valued at approximately $3,112,550.57. The disclosure for this sale can be found here. Insiders sold 42,603 shares of company stock worth $6,250,726 in the last quarter. 0.57% of the stock is currently owned by company insiders.

Several research firms have issued reports on CME. BidaskClub upgraded CME Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research upgraded CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research report on Tuesday, January 2nd. Barclays increased their target price on CME Group from $139.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Wells Fargo & Co increased their target price on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada increased their target price on CME Group from $135.00 to $147.00 and gave the stock an “outperform” rating in a research report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $144.22.

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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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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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