CME Group Inc. (CME) Shares Sold by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC cut its holdings in CME Group Inc. (NASDAQ:CME) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,919 shares of the financial services provider’s stock after selling 1,211 shares during the period. Mutual of America Capital Management LLC’s holdings in CME Group were worth $7,755,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of CME. Fiduciary Trust Co. bought a new position in shares of CME Group in the 2nd quarter worth about $105,000. Parallel Advisors LLC raised its position in shares of CME Group by 4.1% in the 1st quarter. Parallel Advisors LLC now owns 1,084 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 43 shares in the last quarter. Whittier Trust Co. raised its position in shares of CME Group by 2.6% in the 2nd quarter. Whittier Trust Co. now owns 1,057 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 27 shares in the last quarter. RidgeWorth Capital Management LLC raised its position in shares of CME Group by 55.5% in the 1st quarter. RidgeWorth Capital Management LLC now owns 1,138 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 406 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its position in shares of CME Group by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,309 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 9 shares in the last quarter. 82.64% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on the company. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Royal Bank Of Canada boosted their target price on CME Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 20th. Deutsche Bank AG decreased their target price on CME Group from $139.00 to $136.00 and set a “buy” rating for the company in a research report on Tuesday, July 4th. Barclays PLC assumed coverage on CME Group in a research report on Friday, September 8th. They issued an “overweight” rating and a $139.00 target price for the company. Finally, UBS AG reaffirmed a “buy” rating and issued a $135.00 target price (up from $134.00) on shares of CME Group in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $132.56.
CME Group Inc. (CME) traded up 0.90% during trading on Tuesday, reaching $132.48. The company’s stock had a trading volume of 337,509 shares. CME Group Inc. has a one year low of $98.95 and a one year high of $132.85. The firm has a market cap of $45.03 billion, a PE ratio of 27.04 and a beta of 0.72. The company has a 50-day moving average of $126.47 and a 200 day moving average of $122.08.
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 Zacks’ consensus estimate of $1.20 by $0.03. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The company had revenue of $925.00 million during the quarter, compared to the consensus estimate of $931.05 million. During the same period in the prior year, the firm earned $1.14 earnings per share. CME Group’s revenue was up 2.1% on a year-over-year basis. Analysts expect that CME Group Inc. will post $4.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, September 7th. CME Group’s dividend payout ratio is 53.99%.
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In other CME Group news, Chairman Terrence A. Duffy sold 21,815 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $123.89, for a total transaction of $2,702,660.35. Following the completion of the transaction, the chairman now owns 110,711 shares of the company’s stock, valued at $13,715,985.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Julie Holzrichter sold 11,915 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $125.67, for a total transaction of $1,497,358.05. Following the transaction, the chief operating officer now directly owns 43,657 shares of the company’s stock, valued at approximately $5,486,375.19. The disclosure for this sale can be found here. Insiders have sold 48,244 shares of company stock valued at $6,021,890 in the last ninety days. Insiders own 0.57% of the company’s stock.
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.
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