Vestmark Advisory Solutions Inc. Decreases Stock Position in CME Group Inc (NASDAQ:CME)

Vestmark Advisory Solutions Inc. lessened its stake in CME Group Inc (NASDAQ:CME) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,100 shares of the financial services provider’s stock after selling 192 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in CME Group were worth $655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of CME Group by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 27,992,457 shares of the financial services provider’s stock valued at $5,433,616,000 after purchasing an additional 328,318 shares in the last quarter. Edgewood Management LLC raised its position in shares of CME Group by 1.5% in the 2nd quarter. Edgewood Management LLC now owns 7,530,705 shares of the financial services provider’s stock valued at $1,461,785,000 after purchasing an additional 112,624 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of CME Group by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,478,698 shares of the financial services provider’s stock valued at $675,250,000 after purchasing an additional 21,717 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of CME Group by 18,355.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,238,530 shares of the financial services provider’s stock valued at $628,631,000 after purchasing an additional 3,220,982 shares in the last quarter. Finally, Fiera Capital Corp raised its position in shares of CME Group by 17.0% in the 2nd quarter. Fiera Capital Corp now owns 2,960,477 shares of the financial services provider’s stock valued at $574,658,000 after purchasing an additional 429,235 shares in the last quarter. Hedge funds and other institutional investors own 84.77% of the company’s stock.

In other CME Group news, CFO John W. Pietrowicz sold 2,500 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $217.62, for a total value of $544,050.00. Following the sale, the chief financial officer now directly owns 30,354 shares of the company’s stock, valued at $6,605,637.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel R. Glickman sold 500 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $216.01, for a total value of $108,005.00. Following the completion of the sale, the director now directly owns 14,593 shares in the company, valued at $3,152,233.93. The disclosure for this sale can be found here. Insiders sold 13,636 shares of company stock worth $3,001,008 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

Shares of CME stock traded up $3.13 on Wednesday, hitting $204.62. 1,080,400 shares of the stock traded hands, compared to its average volume of 1,510,900. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $70.96 billion, a PE ratio of 30.00, a PEG ratio of 3.89 and a beta of 0.18. CME Group Inc has a 1-year low of $161.05 and a 1-year high of $224.91. The company’s fifty day moving average is $207.56 and its 200 day moving average is $202.08.

CME Group (NASDAQ:CME) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.15. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. CME Group had a return on equity of 9.54% and a net margin of 40.93%. The business’s revenue was up 41.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 EPS. As a group, equities research analysts expect that CME Group Inc will post 6.91 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 10th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, December 9th. CME Group’s dividend payout ratio is presently 43.99%.

A number of brokerages have issued reports on CME. UBS Group cut their target price on CME Group from $220.00 to $218.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Deutsche Bank upped their price target on CME Group from $224.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, August 9th. BidaskClub lowered CME Group from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Wells Fargo & Co upped their price target on CME Group from $200.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Berenberg Bank lowered CME Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $236.00 to $227.00 in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $203.36.

About CME Group

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.

Recommended Story: Economic Reports

Want to see what other hedge funds are holding CME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CME Group Inc (NASDAQ:CME).

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

Receive News & Ratings for CME Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CME Group and related companies with MarketBeat.com's FREE daily email newsletter.