Gofen & Glossberg LLC IL cut its holdings in CME Group Inc. (NASDAQ:CME) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,699 shares of the financial services provider’s stock after selling 250 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in CME Group were worth $839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Life Insurance Co. of America boosted its position in CME Group by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,309 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 9 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in CME Group by 0.4% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 2,937 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 13 shares in the last quarter. Hudock Capital Group LLC boosted its position in CME Group by 0.5% during the 2nd quarter. Hudock Capital Group LLC now owns 3,890 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 20 shares in the last quarter. Whittier Trust Co. boosted its position in CME Group by 2.6% during the 2nd quarter. Whittier Trust Co. now owns 1,057 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 27 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its position in CME Group by 0.4% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 10,801 shares of the financial services provider’s stock valued at $1,353,000 after acquiring an additional 38 shares in the last quarter. 82.62% of the stock is currently owned by institutional investors.

In other news, President Bryan T. Durkin sold 9,200 shares of the stock in a transaction that occurred on 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 legal filing with the SEC, which is available through the SEC website. Also, Chairman Terrence A. Duffy sold 21,815 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $123.89, for a total transaction of $2,702,660.35. Following the transaction, the chairman now owns 110,711 shares in the company, valued at $13,715,985.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,594 shares of company stock worth $6,239,015. Insiders own 0.57% of the company’s stock.

CME Group Inc. (NASDAQ CME) traded up 0.098% during trading on Monday, hitting $137.444. 162,916 shares of the stock traded hands. The firm has a 50-day moving average price of $132.47 and a 200 day moving average price of $123.94. CME Group Inc. has a 12 month low of $98.95 and a 12 month high of $138.49. The firm has a market cap of $46.72 billion, a PE ratio of 28.056 and a beta of 0.73.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $925.00 million for the quarter, compared to the consensus estimate of $931.05 million. During the same period last year, the firm earned $1.14 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts forecast that CME Group Inc. will post $4.81 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Friday, September 8th were paid a dividend of $0.66 per share. The ex-dividend date was Thursday, September 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.92%. CME Group’s dividend payout ratio is presently 53.99%.

Several analysts have weighed in on CME shares. BidaskClub raised CME Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 27th. Barclays PLC lifted their price objective on CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. 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. UBS AG reaffirmed a “buy” rating and set a $135.00 price objective (up from $134.00) on shares of CME Group in a research report on Wednesday, September 6th. Finally, Royal Bank Of Canada lifted their price objective on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. CME Group presently has a consensus rating of “Buy” and an average price target of $137.22.

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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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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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