AGF Investments Inc. Sells 39,085 Shares of CME Group Inc (CME)

AGF Investments Inc. cut its holdings in CME Group Inc (NASDAQ:CME) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,696 shares of the financial services provider’s stock after selling 39,085 shares during the period. AGF Investments Inc.’s holdings in CME Group were worth $23,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CME. Scotia Capital Inc. acquired a new stake in shares of CME Group in the second quarter valued at approximately $211,000. Koch Industries Inc. increased its holdings in CME Group by 16,136.1% during the second quarter. Koch Industries Inc. now owns 278,612 shares of the financial services provider’s stock worth $276,000 after buying an additional 276,896 shares during the last quarter. Advisory Services Network LLC increased its holdings in CME Group by 8,266.3% during the second quarter. Advisory Services Network LLC now owns 6,944 shares of the financial services provider’s stock worth $870,000 after buying an additional 6,861 shares during the last quarter. Cetera Investment Advisers acquired a new position in CME Group during the second quarter worth $242,000. Finally, Intl Fcstone Inc. acquired a new position in CME Group during the second quarter worth $1,176,000. Institutional investors own 82.85% of the company’s stock.

A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of CME Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. Goldman Sachs Group upgraded shares of CME Group from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday, February 7th. Bank of America boosted their target price on shares of CME Group from $173.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barclays boosted their target price on shares of CME Group from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Sandler O’Neill restated a “buy” rating and set a $175.00 target price on shares of CME Group in a report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $157.00.

In other news, COO Julie Holzrichter sold 12,920 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $144.08, for a total value of $1,861,513.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sunil Cutinho sold 2,600 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $139.57, for a total transaction of $362,882.00. Following the completion of the sale, the insider now directly owns 22,301 shares of the company’s stock, valued at approximately $3,112,550.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,128 shares of company stock worth $10,086,157. Corporate insiders own 0.57% of the company’s stock.

CME Group Inc (CME) opened at $160.16 on Wednesday. CME Group Inc has a fifty-two week low of $114.82 and a fifty-two week high of $163.00. The company has a market cap of $54,500.00, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 2.05 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.03 and a quick ratio of 1.05.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. CME Group had a net margin of 111.49% and a return on equity of 7.68%. The firm had revenue of $900.00 million for the quarter, compared to the consensus estimate of $886.85 million. During the same period in the previous year, the company earned $1.14 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. equities research analysts predict that CME Group Inc will post 6.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be issued a $0.70 dividend. This is an increase from CME Group’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, March 8th. CME Group’s payout ratio is currently 22.11%.

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

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