Flagship Harbor Advisors LLC lowered its position in shares of CME Group Inc. (NASDAQ:CME – Get Rating) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,925 shares of the financial services provider’s stock after selling 53 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in CME Group were worth $696,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Bromfield Sneider Wealth Advisors acquired a new stake in CME Group in the 1st quarter valued at about $26,000. Cornerstone Advisory LLC acquired a new stake in CME Group in the 4th quarter valued at about $29,000. Quent Capital LLC acquired a new stake in CME Group in the 4th quarter valued at about $38,000. st. James Investment Advisors LLC acquired a new stake in CME Group in the 4th quarter valued at about $42,000. Finally, Andrew Hill Investment Advisors Inc. acquired a new stake in CME Group in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 86.71% of the company’s stock.
CME Group stock opened at $210.00 on Friday. The company’s 50 day simple moving average is $206.42 and its 200 day simple moving average is $224.44. CME Group Inc. has a fifty-two week low of $185.79 and a fifty-two week high of $256.94. The firm has a market capitalization of $75.48 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 4.29 and a beta of 0.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02.
CME Group (NASDAQ:CME – Get Rating) last announced its earnings results on Wednesday, April 27th. The financial services provider reported $2.11 EPS for the quarter, topping the consensus estimate of $2.00 by $0.11. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. CME Group had a net margin of 57.98% and a return on equity of 9.29%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $1.79 EPS. As a group, analysts predict that CME Group Inc. will post 7.91 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 27th. Shareholders of record on Friday, June 10th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, June 9th. This represents a $4.00 annualized dividend and a yield of 1.90%. CME Group’s dividend payout ratio (DPR) is currently 52.22%.
Several research firms have weighed in on CME. Atlantic Securities upgraded shares of CME Group from a “neutral” rating to an “overweight” rating and set a $235.00 objective price for the company in a research report on Friday, June 10th. Argus raised shares of CME Group from a “hold” rating to a “buy” rating in a research note on Monday, May 16th. UBS Group reduced their target price on shares of CME Group from $284.00 to $258.00 and set a “buy” rating on the stock in a research note on Friday, June 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of CME Group from $262.00 to $210.00 in a research note on Thursday, May 19th. Finally, Citigroup raised their target price on shares of CME Group from $275.00 to $280.00 in a research note on Thursday, April 28th. One equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $246.73.
CME Group Company 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 indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income products.
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