FUKOKU MUTUAL LIFE INSURANCE Co Holds Holdings in CME Group Inc (CME)
FUKOKU MUTUAL LIFE INSURANCE Co maintained its position in shares of CME Group Inc (NASDAQ:CME) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,650 shares of the financial services provider’s stock at the end of the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in CME Group were worth $332,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of CME. Guardian Life Insurance Co. of America grew its holdings in CME Group by 0.7% during the first 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 during the period. Honkamp Krueger Financial Services Inc. raised its position in CME Group by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 2,937 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 13 shares in the last quarter. Hudock Capital Group LLC raised its position in CME Group by 0.5% in the second quarter. Hudock Capital Group LLC now owns 3,890 shares of the financial services provider’s stock worth $487,000 after acquiring an additional 20 shares in the last quarter. Whittier Trust Co. raised its position in CME Group by 2.6% in the second 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. Finally, Ropes Wealth Advisors LLC raised its position in CME Group by 0.4% in the second quarter. Ropes Wealth Advisors LLC now owns 10,801 shares of the financial services provider’s stock worth $1,353,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 82.64% of the company’s stock.
A number of brokerages have weighed in on CME. UBS AG reissued a “buy” rating and issued a $134.00 price target (down from $136.00) on shares of CME Group in a report on Monday, June 5th. BidaskClub raised shares of CME Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $127.00 price objective on shares of CME Group in a research note on Friday, August 18th. Royal Bank Of Canada set a $135.00 target price on shares of CME Group and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $128.00 target price on shares of CME Group in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. CME Group has a consensus rating of “Buy” and an average price target of $133.22.
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In other CME Group news, Chairman Terrence A. Duffy sold 21,815 shares of the company’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 value of $2,702,660.35. Following the completion of the sale, 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 can be accessed through the SEC website. Also, President Bryan T. Durkin sold 9,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 48,244 shares of company stock worth $6,021,890 over the last quarter. 0.57% of the stock is currently owned by corporate insiders.
Shares of CME Group Inc (NASDAQ CME) traded up 0.39% on Tuesday, hitting $136.93. 567,882 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $129.29 and its 200 day moving average price is $122.83. The company has a market cap of $46.54 billion, a price-to-earnings ratio of 27.95 and a beta of 0.73. CME Group Inc has a 1-year low of $98.95 and a 1-year high of $136.99.
CME Group (NASDAQ:CME) last posted its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The company had revenue of $925.00 million during the quarter, compared to analyst estimates of $931.05 million. CME Group had a return on equity of 8.07% and a net margin of 44.97%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 EPS. On average, equities research analysts expect that CME Group Inc will post $4.82 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Friday, September 8th were given a $0.66 dividend. The ex-dividend date was Thursday, September 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.94%. CME Group’s dividend payout ratio is 53.99%.
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.
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