First Hawaiian Bank Acquires 823 Shares of CME Group Inc. (NASDAQ:CME)

First Hawaiian Bank increased its stake in CME Group Inc. (NASDAQ:CME) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,056 shares of the financial services provider’s stock after purchasing an additional 823 shares during the quarter. First Hawaiian Bank’s holdings in CME Group were worth $1,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new position in CME Group in the 4th quarter worth $959,260,000. Capital International Investors lifted its position in shares of CME Group by 24.1% in the first quarter. Capital International Investors now owns 15,809,175 shares of the financial services provider’s stock valued at $3,403,557,000 after acquiring an additional 3,069,806 shares in the last quarter. Capital Wealth Planning LLC bought a new position in shares of CME Group in the fourth quarter worth about $253,563,000. Capital World Investors grew its position in shares of CME Group by 8.7% during the fourth quarter. Capital World Investors now owns 14,589,867 shares of the financial services provider’s stock worth $3,072,654,000 after purchasing an additional 1,172,575 shares in the last quarter. Finally, M&G Plc bought a new stake in CME Group during the 1st quarter valued at approximately $156,631,000. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CME. Barclays increased their price objective on shares of CME Group from $208.00 to $209.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of CME Group from $195.00 to $193.00 and set a “hold” rating for the company in a research note on Thursday, July 25th. Bank of America raised their price target on shares of CME Group from $209.00 to $216.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of CME Group from $187.00 to $191.00 and gave the company an “underweight” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods upped their target price on shares of CME Group from $212.00 to $213.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, CME Group currently has a consensus rating of “Hold” and an average target price of $212.64.

Insider Buying and Selling at CME Group

In related news, insider Hilda Harris Piell sold 7,140 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $210.35, for a total value of $1,501,899.00. Following the completion of the transaction, the insider now owns 29,256 shares of the company’s stock, valued at approximately $6,153,999.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CME Group news, insider Hilda Harris Piell sold 7,140 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $210.35, for a total transaction of $1,501,899.00. Following the completion of the transaction, the insider now directly owns 29,256 shares in the company, valued at $6,153,999.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth A. Cook sold 1,000 shares of CME Group stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $211.52, for a total transaction of $211,520.00. Following the completion of the sale, the director now owns 18,241 shares in the company, valued at approximately $3,858,336.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,290 shares of company stock valued at $2,957,300. Corporate insiders own 0.30% of the company’s stock.

CME Group Stock Performance

Shares of NASDAQ:CME traded up $5.59 during trading on Tuesday, hitting $202.81. The stock had a trading volume of 1,058,980 shares, compared to its average volume of 1,954,967. The stock has a 50-day simple moving average of $198.03 and a two-hundred day simple moving average of $206.97. The stock has a market capitalization of $73.03 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 6.27 and a beta of 0.52. CME Group Inc. has a 12-month low of $190.70 and a 12-month high of $223.80. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

CME Group (NASDAQ:CME) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.03. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. CME Group had a net margin of 56.98% and a return on equity of 12.82%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.30 earnings per share. On average, equities research analysts expect that CME Group Inc. will post 9.8 earnings per share for the current fiscal year.

CME Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Friday, June 7th were given a dividend of $1.15 per share. The ex-dividend date was Friday, June 7th. This represents a $4.60 annualized dividend and a yield of 2.27%. CME Group’s dividend payout ratio is presently 52.33%.

CME Group Profile

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.