CME Group Inc. (NASDAQ:CME) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $128.16 and last traded at $128.12, with a volume of 644,683 shares. The stock had previously closed at $125.46.

Several analysts have weighed in on CME shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $128.00 price objective on shares of CME Group in a research report on Monday, July 10th. Deutsche Bank AG reissued a “buy” rating and set a $133.00 price objective (down previously from $134.00) on shares of CME Group in a research report on Monday, May 15th. UBS AG reissued a “buy” rating and set a $135.00 price objective (up previously from $134.00) on shares of CME Group in a research report on Wednesday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $127.00 price objective on shares of CME Group in a research report on Friday, July 14th. Finally, Citigroup Inc. initiated coverage on shares of CME Group in a research report on Wednesday, July 12th. They set a “buy” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $131.75.

The firm’s 50 day moving average is $124.25 and its 200 day moving average is $121.64. The stock has a market capitalization of $43.87 billion, a P/E ratio of 26.35 and a beta of 0.72.

CME Group (NASDAQ:CME) last released its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $925 million for the quarter, compared to analysts’ expectations of $931.05 million. During the same quarter in the previous year, the business posted $1.14 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that CME Group Inc. will post $4.81 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be paid a $0.66 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 2.10%. CME Group’s payout ratio is 53.99%.

In related news, President Bryan T. Durkin sold 9,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $125.13, for a total value 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 approximately $8,876,471.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Timothy S. Bitsberger sold 800 shares of the business’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 approximately $1,136,392.32. The disclosure for this sale can be found here. In the last three months, insiders sold 71,545 shares of company stock valued at $8,944,496. 0.57% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. RMB Capital Management LLC boosted its position in CME Group by 3.1% during the first quarter. RMB Capital Management LLC now owns 114,834 shares of the financial services provider’s stock worth $13,642,000 after purchasing an additional 3,501 shares during the period. Thrivent Financial For Lutherans boosted its position in CME Group by 5.6% during the first quarter. Thrivent Financial For Lutherans now owns 12,500 shares of the financial services provider’s stock worth $1,485,000 after purchasing an additional 660 shares during the period. Viking Fund Management LLC boosted its position in CME Group by 3.6% during the second quarter. Viking Fund Management LLC now owns 29,000 shares of the financial services provider’s stock worth $3,632,000 after purchasing an additional 1,000 shares during the period. Janus Capital Management LLC boosted its position in CME Group by 4.7% during 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 purchasing an additional 253,258 shares during the period. Finally, State Treasurer State of Michigan boosted its position in CME Group by 0.5% during the first quarter. State Treasurer State of Michigan now owns 111,577 shares of the financial services provider’s stock worth $13,255,000 after purchasing an additional 600 shares during the period. 82.66% of the stock is owned by institutional investors and hedge funds.

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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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