UBS Asset Management Americas Inc. Raises Position in CME Group Inc. (CME)

UBS Asset Management Americas Inc. increased its position in shares of CME Group Inc. (NASDAQ:CME) by 6.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,132,380 shares of the financial services provider’s stock after purchasing an additional 72,531 shares during the quarter. UBS Asset Management Americas Inc. owned 0.33% of CME Group worth $141,819,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of CME. BlackRock Inc. raised its holdings in CME Group by 2,172.6% during the first quarter. BlackRock Inc. now owns 27,265,611 shares of the financial services provider’s stock worth $3,239,152,000 after purchasing an additional 26,065,883 shares during the last quarter. Edgewood Management LLC raised its holdings 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 worth $858,728,000 after acquiring an additional 1,511,753 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of CME Group by 243.9% in the second quarter. Fiera Capital Corp now owns 1,926,918 shares of the financial services provider’s stock worth $241,327,000 after acquiring an additional 1,366,557 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of CME Group by 25.5% in the second quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock worth $548,496,000 after acquiring an additional 889,217 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 worth $2,641,214,000 after acquiring an additional 806,282 shares during the last quarter. 82.64% of the stock is owned by hedge funds and other institutional investors.

CME Group Inc. (NASDAQ:CME) traded up 0.60% during trading on Wednesday, reaching $132.60. The company had a trading volume of 232,063 shares. The stock has a market cap of $45.07 billion, a PE ratio of 27.07 and a beta of 0.72. CME Group Inc. has a 52-week low of $98.95 and a 52-week high of $133.54. The company has a 50-day moving average price of $126.73 and a 200 day moving average price of $122.14.

CME Group (NASDAQ:CME) last released its earnings results 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. The company had revenue of $925.00 million during the quarter, compared to analyst estimates of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. On average, analysts anticipate 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 issued a $0.66 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.00%. CME Group’s payout ratio is currently 53.99%.

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A number of research firms have recently weighed in on CME. UBS AG reissued a “buy” rating and issued a $134.00 price target (down from $136.00) on shares of CME Group in a report on Monday, June 5th. Zacks Investment Research cut CME Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub cut CME Group from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $127.00 price target on shares of CME Group in a report on Friday, July 14th. Finally, Citigroup Inc. began coverage on CME Group in a report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. CME Group has an average rating of “Buy” and a consensus price target of $132.56.

In other news, Chairman Terrence A. Duffy sold 21,815 shares of the stock in a transaction 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 owns 110,711 shares in the company, valued at $13,715,985.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis Suskind sold 750 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $129.34, for a total value of $97,005.00. Following the completion of the sale, the director now owns 5,059 shares of the company’s stock, valued at approximately $654,331.06. The disclosure for this sale can be found here. Insiders sold 48,244 shares of company stock valued at $6,021,890 in the last 90 days. Corporate insiders own 0.57% 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.

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

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