Schwab Charles Investment Management Inc. boosted its position in CME Group Inc. (NASDAQ:CME) by 4.6% during the second quarter, Holdings Channel reports. The fund owned 1,572,291 shares of the financial services provider’s stock after buying an additional 68,952 shares during the period. Schwab Charles Investment Management Inc.’s holdings in CME Group were worth $196,914,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Huntington National Bank boosted 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 boosted 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. boosted 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 boosted 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 boosted 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 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. CME Group Inc. has a 1-year low of $98.95 and a 1-year high of $127.96. The company has a market cap of $42.21 billion, a PE ratio of 25.35 and a beta of 0.73.

CME Group (NASDAQ:CME) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.03. The business had revenue of $925 million during the quarter, compared to the consensus estimate of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. During the same quarter last year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts predict that CME Group Inc. will post $4.81 earnings per share for the current fiscal year.

The company also recently announced 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, September 7th. CME Group’s dividend payout ratio (DPR) is 53.99%.

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A number of equities analysts recently issued reports on CME shares. Deutsche Bank AG upped their price target on shares of CME Group from $136.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Citigroup Inc. began coverage on shares of CME Group in a research note on Wednesday, July 12th. They set a “buy” rating and a $140.00 target price on the stock. Royal Bank Of Canada set a $130.00 target price on shares of CME Group and gave the company a “buy” rating in a research note on Monday, June 12th. UBS AG restated a “buy” rating and set a $134.00 target price (down previously from $136.00) on shares of CME Group in a research note on Monday, June 5th. Finally, Jefferies Group LLC restated a “buy” rating and set a $128.00 target price on shares of CME Group in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. CME Group currently has a consensus rating of “Hold” and a consensus target price of $131.63.

In related news, President Bryan T. Durkin sold 9,200 shares of CME Group stock in a transaction dated 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 owns 70,938 shares of the company’s stock, valued at $8,876,471.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Julie Holzrichter sold 11,915 shares of CME Group stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $125.67, for a total value of $1,497,358.05. Following the sale, 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 90,885 shares of company stock valued at $11,217,668 in the last ninety days. Corporate insiders own 0.61% 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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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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