CME Group Inc. (NASDAQ:CME) Stock Holdings Lessened by National Asset Management Inc.

National Asset Management Inc. reduced its holdings in CME Group Inc. (NASDAQ:CMEGet Rating) by 43.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,389 shares of the financial services provider’s stock after selling 2,611 shares during the quarter. National Asset Management Inc.’s holdings in CME Group were worth $807,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CME. Exchange Capital Management Inc. increased its holdings in shares of CME Group by 2.1% in the 4th quarter. Exchange Capital Management Inc. now owns 2,437 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 49 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of CME Group by 15.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 371 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 51 shares during the period. Tiedemann Advisors LLC increased its holdings in shares of CME Group by 0.3% in the 1st quarter. Tiedemann Advisors LLC now owns 19,681 shares of the financial services provider’s stock worth $4,682,000 after acquiring an additional 53 shares during the period. Fiduciary Trust Co. increased its holdings in shares of CME Group by 1.9% in the 4th quarter. Fiduciary Trust Co. now owns 3,021 shares of the financial services provider’s stock worth $690,000 after acquiring an additional 55 shares during the period. Finally, Garner Asset Management Corp increased its holdings in shares of CME Group by 0.5% in the 1st quarter. Garner Asset Management Corp now owns 12,693 shares of the financial services provider’s stock worth $3,019,000 after acquiring an additional 57 shares during the period. 86.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CME has been the topic of several research analyst reports. UBS Group lowered their target price on shares of CME Group from $258.00 to $246.00 and set a “buy” rating on the stock in a research note on Wednesday, July 6th. Atlantic Securities raised shares of CME Group from a “neutral” rating to an “overweight” rating and set a $235.00 target price on the stock in a research note on Friday, June 10th. StockNews.com initiated coverage on shares of CME Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group lowered their target price on shares of CME Group from $242.00 to $233.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 6th. 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 given a buy rating to the stock. According to MarketBeat, CME Group currently has an average rating of “Hold” and an average target price of $240.27.

CME Group Stock Performance

Shares of CME opened at $204.46 on Tuesday. CME Group Inc. has a one year low of $185.79 and a one year high of $256.94. The company has a 50-day moving average of $201.70 and a two-hundred day moving average of $221.09. The stock has a market cap of $73.49 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.11 and a beta of 0.44. 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:CMEGet 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. CME Group had a net margin of 57.98% and a return on equity of 9.29%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the company posted $1.79 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts expect that CME Group Inc. will post 7.92 earnings per share for the current year.

CME Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 27th. Shareholders of record on Friday, June 10th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Thursday, June 9th. CME Group’s payout ratio is 52.22%.

About CME Group

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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.

Further Reading

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

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