Daiwa Securities Group Inc. Has $1.21 Million Stake in CME Group Inc. (CME)
Daiwa Securities Group Inc. increased its stake in CME Group Inc. (NASDAQ:CME) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 9,650 shares of the financial services provider’s stock after buying an additional 200 shares during the period. Daiwa Securities Group Inc.’s holdings in CME Group were worth $1,209,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. 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 valued at $100,000 after buying an additional 38 shares in 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 valued at $107,000 after buying an additional 440 shares in 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 valued at $122,000 after buying an additional 115 shares in 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 valued at $128,000 after buying an additional 43 shares in 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 valued at $135,000 after buying an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 83.29% of the company’s stock.
CME Group Inc. (NASDAQ:CME) opened at 124.19 on Friday. The firm’s 50 day moving average is $123.43 and its 200 day moving average is $120.91. The company has a market cap of $42.21 billion, a P/E ratio of 25.35 and a beta of 0.73. CME Group Inc. has a 12-month low of $98.95 and a 12-month high of $127.96.
CME Group (NASDAQ:CME) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $925 million for the quarter, compared to analyst estimates of $931.05 million. During the same quarter last year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that CME Group Inc. will post $4.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a $0.66 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 2.13%. CME Group’s dividend payout ratio (DPR) is 53.99%.
CME has been the subject of several recent analyst reports. Royal Bank Of Canada dropped their target price on shares of CME Group from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Wednesday, April 19th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $133.00 target price (down previously from $134.00) on shares of CME Group in a report on Monday, May 15th. Zacks Investment Research downgraded shares of CME Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub raised shares of CME Group from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $134.00 target price (up previously from $128.00) on shares of CME Group in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $131.63.
In related news, President Bryan T. Durkin sold 9,200 shares of the business’s stock in a transaction dated 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 transaction, the president now directly owns 70,938 shares in the company, valued at $8,876,471.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sunil Cutinho sold 10,265 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $117.85, for a total transaction of $1,209,730.25. Following the transaction, the insider now owns 21,690 shares in the company, valued at $2,556,166.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,885 shares of company stock worth $11,217,668. Company 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.
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