Outfitter Advisors LTD. boosted its stake in shares of CME Group Inc. (NASDAQ:CME) by 23.9% during the second quarter, Holdings Channel reports. The institutional investor owned 35,300 shares of the financial services provider’s stock after buying an additional 6,820 shares during the period. CME Group makes up about 1.7% of Outfitter Advisors LTD.’s portfolio, making the stock its 20th largest position. Outfitter Advisors LTD.’s holdings in CME Group were worth $4,421,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CME. BlackRock Inc. raised 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 valued at $3,239,152,000 after buying an additional 26,065,883 shares in the last quarter. Vanguard Group Inc. raised 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 valued at $2,641,214,000 after buying an additional 806,282 shares in the last quarter. Edgewood Management LLC raised 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 valued at $858,728,000 after buying an additional 1,511,753 shares in the last quarter. Janus Capital Management LLC raised 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 valued at $666,367,000 after buying an additional 253,258 shares in the last quarter. Finally, Wells Fargo & Company MN raised 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 valued at $414,653,000 after buying an additional 709,012 shares in the last quarter. Institutional investors and hedge funds own 83.29% of the company’s stock.

Shares of CME Group Inc. (CME) opened at 123.26 on Friday. CME Group Inc. has a 12-month low of $98.95 and a 12-month high of $127.96. The firm has a market capitalization of $41.90 billion, a price-to-earnings ratio of 25.16 and a beta of 0.73. The company has a 50-day moving average price of $123.41 and a 200 day moving average price of $120.96.

CME Group (NASDAQ:CME) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.20 by $0.03. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The firm had revenue of $925 million during the quarter, compared to analysts’ expectations of $931.05 million. During the same period in the prior year, the firm posted $1.14 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts expect that CME Group Inc. will post $4.81 earnings per share for the current fiscal year.

The firm also recently disclosed 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 is Thursday, September 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.14%. CME Group’s payout ratio is 53.99%.

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Several equities research analysts recently weighed in on CME shares. Jefferies Group LLC restated a “buy” rating and issued a $128.00 target price on shares of CME Group in a report on Monday, July 10th. Deutsche Bank AG restated a “buy” rating and issued a $133.00 target price (down from $134.00) on shares of CME Group in a report on Monday, May 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $127.00 target price on shares of CME Group in a report on Friday, July 14th. Citigroup Inc. started coverage on CME Group in a report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 target price for the company. Finally, BidaskClub upgraded CME Group from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $131.63.

In other news, Chairman Terrence A. Duffy sold 21,815 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was 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 directly owns 110,711 shares of the company’s stock, valued at $13,715,985.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy S. Bitsberger sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $125.93, for a total value of $100,744.00. Following the completion of the sale, the director now directly owns 9,024 shares of the company’s stock, valued at $1,136,392.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,085 shares of company stock valued at $11,242,896. 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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