Horseman Capital Management Ltd reduced its position in shares of CME Group Inc. (NASDAQ:CME) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,900 shares of the financial services provider’s stock after selling 4,300 shares during the period. CME Group comprises 1.5% of Horseman Capital Management Ltd’s investment portfolio, making the stock its 24th largest position. Horseman Capital Management Ltd’s holdings in CME Group were worth $5,373,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CME. Huntington National Bank increased its position 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 worth $100,000 after buying an additional 38 shares during the last quarter. Coconut Grove Bank increased its position in shares of CME Group by 95.7% in the first quarter. Coconut Grove Bank now owns 900 shares of the financial services provider’s stock worth $107,000 after buying an additional 440 shares during the last quarter. Whittier Trust Co. increased its position in shares of CME Group by 12.6% in the first quarter. Whittier Trust Co. now owns 1,030 shares of the financial services provider’s stock worth $122,000 after buying an additional 115 shares during the last quarter. Parallel Advisors LLC increased its position in shares of CME Group by 4.1% in the first quarter. Parallel Advisors LLC now owns 1,084 shares of the financial services provider’s stock worth $128,000 after buying an additional 43 shares during the last quarter. Finally, RidgeWorth Capital Management LLC increased its position in shares of CME Group by 55.5% in the first quarter. RidgeWorth Capital Management LLC now owns 1,138 shares of the financial services provider’s stock worth $135,000 after buying an additional 406 shares during the last quarter. Institutional investors and hedge funds own 82.66% of the company’s stock.

Shares of CME Group Inc. (NASDAQ:CME) traded up 0.24% on Friday, reaching $126.10. The company’s stock had a trading volume of 169,923 shares. The stock has a 50-day moving average of $123.94 and a 200 day moving average of $121.59. The stock has a market capitalization of $42.86 billion, a price-to-earnings ratio of 25.74 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.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.64 dividend on an annualized basis and a yield of 2.10%. CME Group’s dividend payout ratio is 53.99%.

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CME has been the subject of a number of recent research reports. Deutsche Bank AG restated a “buy” rating and set a $133.00 price objective (down from $134.00) on shares of CME Group in a research note on Monday, May 15th. UBS AG restated a “buy” rating and set a $134.00 price objective (down from $136.00) on shares of CME Group in a research note on Monday, June 5th. Royal Bank Of Canada set a $130.00 price objective on CME Group and gave the stock a “buy” rating in a research note on Monday, June 12th. BidaskClub upgraded CME Group from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $128.00 price objective on shares of CME Group in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $131.63.

In related news, President Bryan T. Durkin sold 9,200 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $125.13, for a total transaction of $1,151,196.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy S. Bitsberger sold 800 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $125.93, for a total value of $100,744.00. Following the sale, the director now directly owns 9,024 shares of the company’s stock, valued at $1,136,392.32. The disclosure for this sale can be found here. Insiders have sold a total of 81,670 shares of company stock valued at $10,140,819 over the last ninety days. Insiders own 0.57% of the company’s stock.

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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