Pictet Asset Management Ltd. increased its position in shares of CME Group Inc (NASDAQ:CME) by 2.3% during the first quarter, Holdings Channel reports. The fund owned 191,147 shares of the financial services provider’s stock after buying an additional 4,300 shares during the period. Pictet Asset Management Ltd.’s holdings in CME Group were worth $22,708,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Buffington Mohr McNeal raised its position in shares of CME Group by 0.3% in the first quarter. Buffington Mohr McNeal now owns 4,795 shares of the financial services provider’s stock worth $570,000 after buying an additional 15 shares in the last quarter. Hudock Capital Group LLC boosted its position in CME Group by 0.5% in the third quarter. Hudock Capital Group LLC now owns 3,726 shares of the financial services provider’s stock worth $389,000 after buying an additional 20 shares during the last quarter. Investec Asset Management PTY Ltd boosted its position in CME Group by 0.3% in the fourth quarter. Investec Asset Management PTY Ltd now owns 7,790 shares of the financial services provider’s stock worth $900,000 after buying an additional 26 shares during the last quarter. Huntington National Bank boosted its position in CME Group by 4.7% in the first quarter. Huntington National Bank now owns 851 shares of the financial services provider’s stock worth $100,000 after buying an additional 38 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its position in CME Group by 5.9% in the fourth quarter. Johnson Financial Group Inc. now owns 899 shares of the financial services provider’s stock worth $104,000 after buying an additional 50 shares during the last quarter. Institutional investors own 80.06% of the company’s stock.
Shares of CME Group Inc (NASDAQ:CME) traded up 0.76% on Friday, hitting $116.64. The stock had a trading volume of 824,791 shares. The company has a 50-day moving average of $117.48 and a 200-day moving average of $117.90. The company has a market cap of $39.63 billion, a P/E ratio of 25.25 and a beta of 0.88. CME Group Inc has a 52-week low of $92.29 and a 52-week high of $127.60.
CME Group (NASDAQ:CME) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The firm had revenue of $929 million during the quarter, compared to analyst estimates of $932.06 million. CME Group had a return on equity of 7.28% and a net margin of 42.67%. CME Group’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 earnings per share. On average, equities analysts anticipate that CME Group Inc will post $4.88 EPS for the current fiscal year.
Several equities research analysts recently weighed in on CME shares. JPMorgan Chase & Co. cut CME Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 31st. Zacks Investment Research upgraded CME Group from a “sell” rating to a “hold” rating in a report on Monday, March 20th. Deutsche Bank AG dropped their target price on CME Group from $137.00 to $134.00 and set a “buy” rating for the company in a report on Friday, April 28th. Royal Bank of Canada dropped their target price on CME Group from $133.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, May 1st. Finally, Jefferies Group LLC restated a “buy” rating and set a $128.00 target price on shares of CME Group in a report on Saturday, March 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $111.90.
In other news, insider Hilda Harris Piell sold 3,043 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $124.26, for a total transaction of $378,123.18. Following the transaction, the insider now directly owns 26,082 shares of the company’s stock, valued at $3,240,949.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John W. Pietrowicz sold 2,500 shares of the company’s stock in a transaction on Monday, April 10th. The stock was sold at an average price of $117.85, for a total value of $294,625.00. Following the transaction, the chief financial officer now directly owns 40,995 shares in the company, valued at $4,831,260.75. The disclosure for this sale can be found here. Insiders sold 13,030 shares of company stock valued at $1,581,964 in the last three months. 0.61% of the stock is currently owned by insiders.
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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