Great Lakes Advisors LLC lowered its stake in CME Group Inc. (NASDAQ:CME) by 46.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,053 shares of the financial services provider’s stock after selling 22,770 shares during the period. Great Lakes Advisors LLC’s holdings in CME Group were worth $3,263,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CME. Huntington National Bank increased its stake in shares of CME Group by 4.7% in the first quarter. Huntington National Bank now owns 851 shares of the financial services provider’s stock valued at $100,000 after buying an additional 38 shares during the period. Nationwide Fund Advisors increased its stake in shares of CME Group by 7.7% in the first quarter. Nationwide Fund Advisors now owns 100,829 shares of the financial services provider’s stock valued at $11,978,000 after buying an additional 7,183 shares during the period. Profund Advisors LLC increased its stake in shares of CME Group by 4.2% in the first quarter. Profund Advisors LLC now owns 11,222 shares of the financial services provider’s stock valued at $1,333,000 after buying an additional 457 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of CME Group by 168.6% in the first quarter. Janney Montgomery Scott LLC now owns 5,050 shares of the financial services provider’s stock valued at $600,000 after buying an additional 3,170 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of CME Group by 53.7% in the first quarter. Russell Investments Group Ltd. now owns 615,226 shares of the financial services provider’s stock valued at $73,097,000 after buying an additional 214,893 shares during the period. 82.66% of the stock is owned by institutional investors.

CME Group Inc. (NASDAQ:CME) opened at 127.10 on Monday. CME Group Inc. has a 12-month low of $98.95 and a 12-month high of $127.96. The firm’s 50-day moving average is $123.67 and its 200-day moving average is $121.36. The stock has a market capitalization of $43.20 billion, a P/E ratio of 25.94 and a beta of 0.73.

CME Group (NASDAQ:CME) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. The business had revenue of $925 million during the quarter, compared to analyst estimates of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. CME Group’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. Analysts predict that CME Group Inc. will post $4.80 EPS for the current fiscal year.

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

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CME has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of CME Group from $133.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, May 1st. Deutsche Bank AG reaffirmed a “buy” rating and set a $133.00 price objective (down previously from $134.00) on shares of CME Group in a research report on Monday, May 15th. UBS AG reissued a “buy” rating and issued a $134.00 price target (down previously from $136.00) on shares of CME Group in a research report on Monday, June 5th. 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 reissued a “buy” rating and issued a $128.00 price target on shares of CME Group in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $131.63.

In other news, President Bryan T. Durkin sold 9,200 shares of the business’s stock in a transaction on 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 completion of the transaction, the president now directly owns 70,938 shares of the company’s stock, valued at approximately $8,876,471.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Derek Sammann sold 2,100 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $117.86, for a total value of $247,506.00. Following the completion of the transaction, the insider now directly owns 31,026 shares of the company’s stock, valued at $3,656,724.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,820 shares of company stock valued at $10,033,166. 0.57% of the stock is currently owned by corporate insiders.

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.

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

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