Honeywell International Inc. acquired a new stake in shares of CME Group Inc. (NASDAQ:CME) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 110,000 shares of the financial services provider’s stock, valued at approximately $13,776,000.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of 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. Vanguard Group Inc. boosted its stake in shares of 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. Edgewood Management LLC boosted its stake in shares of 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. Janus Capital Management LLC boosted its stake in shares of CME Group by 4.7% in the first quarter. Janus Capital Management LLC now owns 5,609,151 shares of the financial services provider’s stock worth $666,367,000 after buying an additional 253,258 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of 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. Hedge funds and other institutional investors own 83.29% of the company’s stock.

CME Group Inc. (CME) opened at 125.83 on Monday. The company has a 50-day moving average price of $123.71 and a 200-day moving average price of $120.57. CME Group Inc. has a one year low of $98.95 and a one year high of $127.96. The company has a market capitalization of $42.60 billion, a price-to-earnings ratio of 25.68 and a beta of 0.73.

CME Group (NASDAQ:CME) last announced its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. The firm had revenue of $925 million during the quarter, compared to analysts’ expectations of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. Equities research analysts anticipate that CME Group Inc. will post $4.82 EPS for the current year.

The firm also recently declared 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 yield of 2.10%. The ex-dividend date is Thursday, September 7th. CME Group’s dividend payout ratio is 53.99%.

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CME has been the topic of a number of research reports. Jefferies Group LLC reiterated a “buy” rating and set a $128.00 price target on shares of CME Group in a research report on Monday, July 10th. Deutsche Bank AG reiterated a “buy” rating and set a $133.00 price target (down from $134.00) on shares of CME Group in a research report on Monday, May 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $127.00 price target on shares of CME Group in a research report on Friday, July 14th. Citigroup Inc. initiated coverage on CME Group in a research report on Wednesday, July 12th. They set a “buy” rating and a $140.00 price target on the stock. Finally, BidaskClub upgraded CME Group from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $131.63.

In other news, insider Kathleen M. Cronin sold 8,125 shares of CME Group stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $127.35, for a total value of $1,034,718.75. Following the completion of the transaction, the insider now owns 38,174 shares in the company, valued at $4,861,458.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sunil Cutinho sold 10,265 shares of CME Group stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $117.85, for a total transaction of $1,209,730.25. Following the completion of the transaction, the insider now owns 21,690 shares of the company’s stock, valued at approximately $2,556,166.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,770 shares of company stock valued at $8,569,114. Corporate insiders own 0.61% 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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