CME Group Inc (NASDAQ:CME) Stock Position Decreased by Toronto Dominion Bank

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Toronto Dominion Bank lessened its holdings in shares of CME Group Inc (NASDAQ:CME) by 79.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 47,289 shares of the financial services provider’s stock after selling 182,450 shares during the quarter. Toronto Dominion Bank’s holdings in CME Group were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the stock. BlackRock Inc. grew its position in shares of CME Group by 4.6% during the 1st quarter. BlackRock Inc. now owns 26,645,530 shares of the financial services provider’s stock valued at $4,607,281,000 after buying an additional 1,179,970 shares during the last quarter. Edgewood Management LLC boosted its stake in CME Group by 3.2% during the 1st quarter. Edgewood Management LLC now owns 7,849,764 shares of the financial services provider’s stock valued at $1,357,303,000 after purchasing an additional 246,376 shares during the period. Parnassus Investments CA boosted its stake in CME Group by 9.7% during the 1st quarter. Parnassus Investments CA now owns 3,903,136 shares of the financial services provider’s stock valued at $674,891,000 after purchasing an additional 346,212 shares during the period. Bank of New York Mellon Corp boosted its stake in CME Group by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 3,439,199 shares of the financial services provider’s stock valued at $594,670,000 after purchasing an additional 58,441 shares during the period. Finally, Fiera Capital Corp boosted its stake in CME Group by 4.4% during the 1st quarter. Fiera Capital Corp now owns 3,437,750 shares of the financial services provider’s stock valued at $594,424,000 after purchasing an additional 145,986 shares during the period. 84.83% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Oppenheimer reissued a “buy” rating on shares of CME Group in a research note on Wednesday, July 29th. Deutsche Bank reduced their target price on shares of CME Group from $196.00 to $178.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Wells Fargo & Co reduced their target price on shares of CME Group from $186.00 to $176.00 in a research note on Monday, July 6th. UBS Group boosted their target price on shares of CME Group from $222.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, BidaskClub lowered shares of CME Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $187.88.

CME stock traded up $0.71 on Thursday, hitting $172.91. 35,980 shares of the company’s stock traded hands, compared to its average volume of 1,700,254. CME Group Inc has a 1-year low of $131.80 and a 1-year high of $225.36. The stock has a market cap of $62.18 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 5.71 and a beta of 0.30. The stock has a fifty day moving average of $166.66 and a 200-day moving average of $182.50. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13.

CME Group (NASDAQ:CME) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.62 by $0.01. CME Group had a net margin of 46.39% and a return on equity of 9.93%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business earned $1.76 earnings per share. The business’s quarterly revenue was down 7.1% on a year-over-year basis. On average, equities research analysts anticipate that CME Group Inc will post 7.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.97%. CME Group’s dividend payout ratio is currently 50.00%.

In other news, Director William R. Shepard purchased 771 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $178.10 per share, for a total transaction of $137,315.10. Following the completion of the acquisition, the director now directly owns 771 shares of the company’s stock, valued at $137,315.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William R. Shepard purchased 1,229 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $178.10 per share, for a total transaction of $218,884.90. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $356,200. The disclosure for this purchase can be found here. Insiders have sold 9,500 shares of company stock worth $1,593,810 in the last 90 days. 1.20% of the stock is owned by company insiders.

CME Group Company Profile

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.

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

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