Mufg Bank LTD. Purchases Shares of 30,001 CME Group Inc. $CME

Mufg Bank LTD. acquired a new position in shares of CME Group Inc. (NASDAQ:CME) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,001 shares of the financial services provider’s stock, valued at approximately $6,625,000. CME Group comprises approximately 0.2% of Mufg Bank LTD.’s holdings, making the stock its 5th largest position.

A number of other large investors have also recently made changes to their positions in CME. Bridgewater Advisors Inc. purchased a new stake in CME Group in the 2nd quarter valued at $612,000. FLC Capital Advisors bought a new position in CME Group during the 4th quarter valued at $2,122,000. HighTower Advisors LLC boosted its holdings in CME Group by 6.9% during the 4th quarter. HighTower Advisors LLC now owns 352,922 shares of the financial services provider’s stock worth $96,376,000 after acquiring an additional 22,692 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in CME Group by 132.7% during the 4th quarter. TD Private Client Wealth LLC now owns 21,228 shares of the financial services provider’s stock worth $5,797,000 after acquiring an additional 12,105 shares during the last quarter. Finally, North Dakota State Investment Board bought a new stake in shares of CME Group in the 4th quarter worth $3,368,000. 87.75% of the stock is owned by institutional investors.

Insider Activity

In related news, Director William R. Shepard purchased 325 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of $230.57 per share, with a total value of $74,935.25. Following the acquisition, the director owned 260,442 shares of the company’s stock, valued at $60,050,111.94. This trade represents a 0.12% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group lowered their target price on shares of CME Group from $310.00 to $260.00 and set a “buy” rating for the company in a report on Monday, July 6th. Morgan Stanley upped their price objective on shares of CME Group from $324.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Piper Sandler decreased their price objective on shares of CME Group from $329.00 to $295.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Rothschild & Co Redburn raised shares of CME Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $316.00 to $323.00 in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. boosted their target price on CME Group from $249.00 to $250.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $291.81.

CME Group Price Performance

Shares of NASDAQ:CME opened at $269.80 on Monday. The company’s 50-day moving average is $250.20 and its 200 day moving average is $280.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $97.01 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.23. CME Group Inc. has a fifty-two week low of $218.31 and a fifty-two week high of $329.16.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.08. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.68 billion. CME Group had a net margin of 63.30% and a return on equity of 15.60%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $2.96 earnings per share. On average, equities research analysts forecast that CME Group Inc. will post 12.27 earnings per share for the current year.

CME Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $1.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $5.20 annualized dividend and a dividend yield of 1.9%. CME Group’s dividend payout ratio (DPR) is presently 44.11%.

CME Group Profile

CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.