CME Group Inc (NASDAQ:CME) Shares Purchased by Huntington National Bank

Huntington National Bank boosted its holdings in CME Group Inc (NASDAQ:CME) by 9.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,557 shares of the financial services provider’s stock after acquiring an additional 140 shares during the quarter. Huntington National Bank’s holdings in CME Group were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CME. State of Alaska Department of Revenue raised its holdings in shares of CME Group by 1.9% during the second quarter. State of Alaska Department of Revenue now owns 99,530 shares of the financial services provider’s stock worth $19,318,000 after acquiring an additional 1,817 shares in the last quarter. First National Trust Co raised its holdings in shares of CME Group by 7.9% during the second quarter. First National Trust Co now owns 33,342 shares of the financial services provider’s stock worth $6,472,000 after acquiring an additional 2,427 shares in the last quarter. AE Wealth Management LLC purchased a new stake in shares of CME Group during the second quarter worth $1,085,000. Jag Capital Management LLC purchased a new stake in shares of CME Group during the second quarter worth $1,210,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of CME Group during the second quarter worth $19,566,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.

CME has been the subject of several recent research reports. Barclays reiterated a “sell” rating on shares of Royal Bank of Canada in a report on Thursday, May 23rd. BidaskClub lowered Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Rosenblatt Securities lowered CME Group from a “neutral” rating to a “sell” rating in a report on Thursday, April 18th. Citigroup lowered BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Co raised their target price on WisdomTree International Dividend Ex-Financials Fund from $47.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $192.14.

In other news, Director Elizabeth A. Cook sold 300 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $204.27, for a total value of $61,281.00. Following the sale, the director now directly owns 20,821 shares of the company’s stock, valued at $4,253,105.67. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John W. Pietrowicz sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $201.30, for a total value of $503,250.00. Following the completion of the sale, the chief financial officer now directly owns 32,854 shares in the company, valued at $6,613,510.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,873 shares of company stock worth $9,467,749. Corporate insiders own 1.20% of the company’s stock.

NASDAQ CME traded down $2.84 during trading on Wednesday, hitting $194.47. 760,653 shares of the company traded hands, compared to its average volume of 1,019,607. CME Group Inc has a 12 month low of $158.35 and a 12 month high of $207.84. The business’s fifty day simple moving average is $200.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $71.79 billion, a P/E ratio of 28.51, a P/E/G ratio of 4.43 and a beta of 0.23.

CME Group (NASDAQ:CME) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.01. CME Group had a return on equity of 9.29% and a net margin of 42.47%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company earned $1.74 earnings per share. The business’s revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts predict that CME Group Inc will post 6.75 EPS for the current fiscal year.

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.

Further Reading: Straddles

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

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