Nordea Investment Management AB Sells 24,963 Shares of CME Group Inc. (NASDAQ:CME)

Nordea Investment Management AB decreased its holdings in shares of CME Group Inc. (NASDAQ:CME – Get Rating) by 11.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,429 shares of the financial services provider’s stock after selling 24,963 shares during the quarter. Nordea Investment Management AB owned approximately 0.05% of CME Group worth $47,019,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CME. EagleClaw Capital Managment LLC boosted its holdings in CME Group by 5.6% during the third quarter. EagleClaw Capital Managment LLC now owns 32,170 shares of the financial services provider’s stock worth $6,230,000 after purchasing an additional 1,710 shares during the last quarter. Beacon Pointe Advisors LLC lifted its stake in CME Group by 52.2% in the third quarter. Beacon Pointe Advisors LLC now owns 1,574 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 540 shares during the last quarter. LPL Financial LLC lifted its stake in CME Group by 7.2% in the third quarter. LPL Financial LLC now owns 60,599 shares of the financial services provider’s stock valued at $11,718,000 after acquiring an additional 4,095 shares during the last quarter. Atria Investments LLC lifted its stake in CME Group by 2.4% in the third quarter. Atria Investments LLC now owns 19,275 shares of the financial services provider’s stock valued at $3,727,000 after acquiring an additional 445 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in CME Group by 8,754.4% in the third quarter. EP Wealth Advisors LLC now owns 124,935 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 123,524 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

CME stock opened at $208.46 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. CME Group Inc. has a 12 month low of $185.79 and a 12 month high of $256.94. The firm has a market cap of $74.92 billion, a P/E ratio of 27.21, a P/E/G ratio of 4.13 and a beta of 0.48. The company’s 50-day moving average price is $207.56 and its two-hundred day moving average price is $224.75.

CME Group (NASDAQ:CME – Get Rating) last released its earnings results on Wednesday, April 27th. The financial services provider reported $2.11 EPS for the quarter, beating 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned $1.79 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts predict that CME Group Inc. will post 7.91 EPS for the current year.

The company 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 $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, June 9th. CME Group’s dividend payout ratio is currently 52.22%.

CME has been the subject of a number of recent analyst reports. Atlantic Securities upgraded shares of CME Group from a “neutral” rating to an “overweight” rating and set a $235.00 price target for the company in a research note on Friday, June 10th. StockNews.com began coverage on shares of CME Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. Argus upgraded shares of CME Group from a “hold” rating to a “buy” rating in a research note on Monday, May 16th. Citigroup raised their target price on shares of CME Group from $275.00 to $280.00 in a research note on Thursday, April 28th. Finally, Jefferies Financial Group began coverage on shares of CME Group in a research note on Tuesday, May 31st. They set a “buy” rating and a $267.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, CME Group presently has a consensus rating of “Hold” and a consensus price target of $246.73.

About CME Group (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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