Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its stake in CME Group Inc. (NASDAQ:CME) by 7.7% during the second quarter, Holdings Channel reports. The firm owned 188,715 shares of the financial services provider’s stock after selling 15,753 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in CME Group were worth $23,635,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CME. BlackRock Inc. increased 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 during the period. Vanguard Group Inc. increased 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 during the period. Edgewood Management LLC increased 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 during the period. Janus Capital Management LLC increased 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 during the period. Finally, Wells Fargo & Company MN increased 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 during the period. Institutional investors own 83.29% of the company’s stock.

CME Group Inc. (NASDAQ:CME) opened at 126.19 on Thursday. The stock has a market cap of $42.89 billion, a P/E ratio of 25.76 and a beta of 0.73. The stock has a 50 day moving average price of $123.45 and a 200-day moving average price of $120.89. CME Group Inc. has a 12-month low of $98.95 and a 12-month high of $127.96.

CME Group (NASDAQ:CME) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $925 million for the quarter, compared to analyst estimates of $931.05 million. During the same period in the previous year, the company earned $1.14 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts expect that CME Group Inc. will post $4.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 7th. CME Group’s payout ratio is 53.99%.

TRADEMARK VIOLATION WARNING: This report was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.watchlistnews.com/mitsubishi-ufj-kokusai-asset-management-co-ltd-sells-15753-shares-of-cme-group-inc-cme/1470373.html.

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

In related news, Director Timothy S. Bitsberger sold 800 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sunil Cutinho sold 10,265 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $117.85, for a total value of $1,209,730.25. Following the completion of the sale, the insider now directly owns 21,690 shares of the company’s stock, valued at $2,556,166.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,885 shares of company stock worth $11,217,668. Corporate insiders own 0.61% of the company’s stock.

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.

Want to see what other hedge funds are holding CME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CME Group Inc. (NASDAQ:CME).

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

Receive News & Ratings for CME Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CME Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.