Latest Stocks: CME Group Inc (CME) Stake Decreased by New Mexico Educational Retirement Board

Latest Stocks: CME Group Inc (CME) Stake Decreased by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its position in shares of CME Group Inc (NASDAQ:CME) by 5.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 34,435 shares of the financial services provider’s stock after selling 1,800 shares during the period. New Mexico Educational Retirement Board’s holdings in CME Group were worth $4,091,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CME. Norges Bank acquired a new position in shares of CME Group during the fourth quarter worth approximately $304,552,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of CME Group during the fourth quarter worth approximately $186,203,000. APG Asset Management N.V. raised its position in shares of CME Group by 335.2% in the first quarter. APG Asset Management N.V. now owns 1,899,723 shares of the financial services provider’s stock worth $225,687,000 after buying an additional 1,463,198 shares during the period. State Street Corp raised its position in shares of CME Group by 5.7% in the fourth quarter. State Street Corp now owns 17,986,325 shares of the financial services provider’s stock worth $2,084,930,000 after buying an additional 977,421 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of CME Group by 25.5% in the first quarter. Wells Fargo & Company MN now owns 3,490,351 shares of the financial services provider’s stock worth $414,653,000 after buying an additional 709,012 shares during the period. Institutional investors own 80.06% of the company’s stock.

CME Group Inc (CME) opened at 118.19 on Tuesday. CME Group Inc has a 52-week low of $92.29 and a 52-week high of $127.60. The firm has a market cap of $40.16 billion, a price-to-earnings ratio of 25.58 and a beta of 0.88. The company has a 50 day moving average price of $117.51 and a 200-day moving average price of $118.82.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The business had revenue of $929 million during the quarter, compared to the consensus estimate of $932.06 million. CME Group had a return on equity of 7.28% and a net margin of 42.67%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. Equities research analysts anticipate that CME Group Inc will post $4.86 EPS for the current year. The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Friday, June 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $2.64 dividend on an annualized basis and a yield of 2.23%. CME Group’s dividend payout ratio is presently 52.98%.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The business had revenue of $929 million during the quarter, compared to the consensus estimate of $932.06 million. CME Group had a return on equity of 7.28% and a net margin of 42.67%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. Equities research analysts anticipate that CME Group Inc will post $4.86 EPS for the current year. CME has been the topic of a number of research analyst reports. Deutsche Bank AG reissued a “buy” rating and set a $133.00 price target (down from $134.00) on shares of CME Group in a report on Monday, May 15th. Zacks Investment Research lowered CME Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $128.00 target price on shares of CME Group in a report on Saturday, March 11th. Finally, Royal Bank of Canada lowered their target price on CME Group from $133.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $116.88.

In other CME Group news, insider Hilda Harris Piell sold 3,043 shares of the stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $124.26, for a total value of $378,123.18. Following the completion of the sale, the insider now directly owns 26,082 shares in the company, valued at $3,240,949.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sunil Cutinho sold 10,265 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $117.85, for a total value of $1,209,730.25. Following the completion of the sale, the insider now owns 21,690 shares of the company’s stock, valued at $2,556,166.50. The disclosure for this sale can be found here. Insiders sold 16,907 shares of company stock valued at $2,009,182 in the last quarter. 0.61% of the stock is currently owned by corporate insiders. CME Group Company Profile

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