United Services Automobile Association Decreases Position in CME Group Inc. (CME)

United Services Automobile Association lowered its stake in shares of CME Group Inc. (NASDAQ:CME) by 15.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 638,444 shares of the financial services provider’s stock after selling 114,872 shares during the period. United Services Automobile Association owned about 0.19% of CME Group worth $75,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CME. Huntington National Bank boosted its stake in shares of CME Group by 4.7% in the first quarter. Huntington National Bank now owns 851 shares of the financial services provider’s stock worth $100,000 after buying an additional 38 shares in the last quarter. Coconut Grove Bank boosted its stake in shares of CME Group by 95.7% in the first quarter. Coconut Grove Bank now owns 900 shares of the financial services provider’s stock worth $107,000 after buying an additional 440 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of CME Group by 12.6% in the first quarter. Whittier Trust Co. now owns 1,030 shares of the financial services provider’s stock worth $122,000 after buying an additional 115 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of CME Group during the fourth quarter worth approximately $120,000. Finally, RidgeWorth Capital Management LLC boosted its stake in shares of CME Group by 55.5% in the first quarter. RidgeWorth Capital Management LLC now owns 1,138 shares of the financial services provider’s stock worth $135,000 after buying an additional 406 shares in the last quarter. 83.55% of the stock is owned by hedge funds and other institutional investors.

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

Shares of CME Group Inc. (NASDAQ:CME) traded down 0.577% during trading on Tuesday, hitting $126.705. 181,288 shares of the company were exchanged. The firm has a market capitalization of $43.05 billion, a PE ratio of 27.425 and a beta of 0.75. CME Group Inc. has a 12 month low of $92.29 and a 12 month high of $127.74. The firm’s 50-day moving average price is $119.28 and its 200 day moving average price is $119.60.

CME Group (NASDAQ:CME) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.20 by $0.02. The company had revenue of $929 million during the quarter, compared to analyst estimates of $932.06 million. CME Group had a net margin of 43.62% and a return on equity of 7.43%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.15 EPS. On average, equities research analysts expect that CME Group Inc. will post $4.87 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Friday, June 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, June 7th. CME Group’s payout ratio is presently 57.14%.

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A number of brokerages have commented on CME. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $135.00 target price (up from $130.00) on shares of CME Group in a report on Tuesday. Zacks Investment Research upgraded shares of CME Group from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $128.00 price target on shares of CME Group in a research report on Saturday, March 11th. Finally, Deutsche Bank AG dropped their price target on shares of CME Group from $139.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, April 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $117.50.

In other CME Group news, Director Dennis Suskind sold 1,099 shares of CME Group stock in a transaction on Friday, April 28th. The shares were sold at an average price of $115.29, for a total transaction of $126,703.71. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $576,450. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sunil Cutinho sold 10,265 shares of CME Group stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $117.85, for a total transaction of $1,209,730.25. Following the sale, the insider now directly owns 21,690 shares in the company, valued at approximately $2,556,166.50. The disclosure for this sale can be found here. In the last three months, insiders sold 48,754 shares of company stock valued at $5,939,099. 0.61% of the stock is owned by insiders.

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.

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