Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of CME Group Inc. (NASDAQ:CME) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 792,045 shares of the financial services provider’s stock after selling 10,228 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.23% of CME Group worth $99,196,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CME. BlackRock Inc. boosted its position in CME Group by 2,172.6% in the first quarter. BlackRock Inc. now owns 27,265,611 shares of the financial services provider’s stock worth $3,239,152,000 after buying an additional 26,065,883 shares during the last quarter. Edgewood Management LLC boosted its position in CME Group by 26.4% in the first quarter. Edgewood Management LLC now owns 7,228,349 shares of the financial services provider’s stock worth $858,728,000 after buying an additional 1,511,753 shares during the last quarter. APG Asset Management N.V. boosted its position in 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 last quarter. Vanguard Group Inc. boosted its position in CME Group by 3.8% in the first quarter. Vanguard Group Inc. now owns 22,232,434 shares of the financial services provider’s stock worth $2,641,214,000 after buying an additional 806,282 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in 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 last quarter. 83.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CME Group Inc. (CME) opened at 127.10 on Friday. The stock has a market capitalization of $43.20 billion, a price-to-earnings ratio of 25.94 and a beta of 0.73. CME Group Inc. has a 52 week low of $98.95 and a 52 week high of $127.96. The firm’s 50-day moving average is $123.67 and its 200-day moving average is $121.36.

CME Group (NASDAQ:CME) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03. The company had revenue of $925 million during the quarter, compared to the consensus estimate of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. On average, equities research analysts anticipate that CME Group Inc. will post $4.80 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.66 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 2.08%. CME Group’s dividend payout ratio (DPR) is presently 53.99%.

COPYRIGHT VIOLATION NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/27/mitsubishi-ufj-trust-banking-corp-sells-10228-shares-of-cme-group-inc-cme.html.

A number of research analysts have commented on CME shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $133.00 target price (down previously from $134.00) on shares of CME Group in a research report on Monday, May 15th. Royal Bank Of Canada decreased their target price on shares of CME Group from $133.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, May 1st. Zacks Investment Research cut shares of CME Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub raised shares of CME Group from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $134.00 target price (up previously from $128.00) on shares of CME Group in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. CME Group has an average rating of “Buy” and a consensus target price of $131.63.

In other news, Director Timothy S. Bitsberger sold 800 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $125.93, for a total transaction of $100,744.00. Following the completion of the sale, the director now owns 9,024 shares in the company, valued at approximately $1,136,392.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Bryan T. Durkin sold 9,200 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $125.13, for a total value of $1,151,196.00. Following the sale, the president now owns 70,938 shares of the company’s stock, valued at approximately $8,876,471.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,820 shares of company stock valued at $10,033,166. 0.61% of the stock is currently owned by corporate insiders.

About CME Group

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.

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 & Stock Ratings for CME Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CME Group Inc. and related stocks with our FREE daily email newsletter.