Dorsey & Whitney Trust CO LLC Has $387,000 Position in CME Group Inc. (CME)
Dorsey & Whitney Trust CO LLC increased its position in shares of CME Group Inc. (NASDAQ:CME) by 3.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,094 shares of the financial services provider’s stock after buying an additional 95 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in CME Group were worth $387,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co. bought a new position in CME Group during the second quarter worth $105,000. Whittier Trust Co. raised its stake in CME Group by 2.6% during the second quarter. Whittier Trust Co. now owns 1,057 shares of the financial services provider’s stock worth $133,000 after buying an additional 27 shares during the last quarter. Parallel Advisors LLC raised its stake in CME Group by 4.1% during 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. RidgeWorth Capital Management LLC raised its stake in CME Group by 55.5% during 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. Finally, Grove Bank & Trust raised its stake in CME Group by 41.6% during the second quarter. Grove Bank & Trust now owns 1,274 shares of the financial services provider’s stock worth $160,000 after buying an additional 374 shares during the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.
In related news, CFO John W. Pietrowicz sold 2,500 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $124.50, for a total value of $311,250.00. Following the completion of the transaction, the chief financial officer now directly owns 38,495 shares in the company, valued at approximately $4,792,627.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Terrence A. Duffy sold 21,815 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $123.89, for a total transaction of $2,702,660.35. Following the completion of the transaction, the chairman now owns 110,711 shares of the company’s stock, valued at $13,715,985.79. The disclosure for this sale can be found here. Insiders sold a total of 48,244 shares of company stock valued at $6,021,890 over the last 90 days. Company insiders own 0.57% of the company’s stock.
Shares of CME Group Inc. (NASDAQ:CME) traded down 0.68% on Friday, hitting $131.22. 376,780 shares of the stock were exchanged. The company has a market cap of $44.60 billion, a PE ratio of 26.79 and a beta of 0.72. CME Group Inc. has a 12 month low of $98.95 and a 12 month high of $132.34. The company has a 50-day moving average price of $125.90 and a 200 day moving average price of $122.00.
CME Group (NASDAQ:CME) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, topping 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 $925.00 million during the quarter, compared to analyst estimates of $931.05 million. During the same period in the prior year, the business earned $1.14 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that CME Group Inc. will post $4.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be issued a $0.66 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.64 annualized dividend and a yield of 2.00%. CME Group’s dividend payout ratio (DPR) is presently 53.99%.
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A number of equities analysts recently weighed in on the stock. UBS AG reissued 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. Zacks Investment Research downgraded shares of CME Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BidaskClub downgraded shares of CME Group from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $127.00 price target on shares of CME Group in a research note on Friday, July 14th. Finally, Citigroup Inc. began coverage on shares of CME Group in a research note on Wednesday, July 12th. They issued a “buy” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $132.56.
CME Group 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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