Hartford Investment Management Co. Trims Holdings in CME Group Inc (NASDAQ:CME)

Hartford Investment Management Co. trimmed its holdings in shares of CME Group Inc (NASDAQ:CME) by 26.2% during the second quarter, …

CME Group logoHartford Investment Management Co. trimmed its holdings in shares of CME Group Inc (NASDAQ:CME) by 26.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,758 shares of the financial services provider’s stock after selling 14,112 shares during the period. Hartford Investment Management Co.’s holdings in CME Group were worth $7,717,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CME. Royal Bank of Scotland Group PLC grew its holdings in CME Group by 1.3% during the second quarter. Royal Bank of Scotland Group PLC now owns 75,702 shares of the financial services provider’s stock valued at $14,695,000 after purchasing an additional 960 shares during the last quarter. Arizona State Retirement System grew its holdings in CME Group by 1.1% during the second quarter. Arizona State Retirement System now owns 127,055 shares of the financial services provider’s stock valued at $24,663,000 after purchasing an additional 1,357 shares during the last quarter. Squar Milner Financial Services LLC acquired a new position in CME Group during the second quarter valued at approximately $186,000. Mitchell Capital Management Co. grew its holdings in CME Group by 22.7% during the second quarter. Mitchell Capital Management Co. now owns 7,331 shares of the financial services provider’s stock valued at $1,423,000 after purchasing an additional 1,354 shares during the last quarter. Finally, Manning & Napier Group LLC grew its holdings in CME Group by 13.7% during the second quarter. Manning & Napier Group LLC now owns 426,430 shares of the financial services provider’s stock valued at $82,773,000 after purchasing an additional 51,235 shares during the last quarter. 85.72% of the stock is currently owned by institutional investors.

In other CME Group news, Director Dennis Suskind sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $212.46, for a total value of $318,690.00. Following the sale, the director now owns 4,853 shares in the company, valued at approximately $1,031,068.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel R. Glickman sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $216.01, for a total value of $108,005.00. Following the sale, the director now owns 14,593 shares in the company, valued at approximately $3,152,233.93. The disclosure for this sale can be found here. Insiders have sold a total of 76,771 shares of company stock valued at $15,398,375 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Several equities analysts have commented on the company. BidaskClub upgraded CME Group from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Citigroup set a $202.00 price objective on shares of CME Group and gave the stock a “buy” rating in a research note on Thursday, May 2nd. ValuEngine upgraded shares of CME Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research downgraded shares of CME Group from a “hold” rating to a “sell” rating and set a $158.00 price objective on the stock. in a research note on Monday, May 27th. Finally, Deutsche Bank lifted their price target on shares of CME Group from $224.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $194.00.

CME stock traded down $0.46 during midday trading on Wednesday, reaching $215.76. The stock had a trading volume of 690,651 shares, compared to its average volume of 1,581,974. The business has a fifty day simple moving average of $207.88 and a two-hundred day simple moving average of $188.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.15. The firm has a market cap of $75.64 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 4.70 and a beta of 0.23. CME Group Inc has a twelve month low of $161.05 and a twelve month high of $217.65.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. CME Group had a return on equity of 9.14% and a net margin of 39.36%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the company earned $1.74 earnings per share. On average, equities analysts predict that CME Group Inc will post 6.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.00 annualized dividend and a dividend yield of 1.39%. CME Group’s payout ratio is currently 43.99%.

About CME Group

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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Core Canadian Dividend Trust Announces Semi-Annual Results

Increase in net assets attributable to equity holders amounted to $0.27 … Fund’s units are listed on Toronto Stock Exchange under the symbol CDD.

TORONTO, Aug. 28, 2019 (GLOBE NEWSWIRE) — (TSX: CDD.UN) Core Canadian Dividend Trust (the “Fund”) announces results of operations for the six months ended June 30, 2019. Increase in net assets attributable to equity holders amounted to $0.27 million or $0.53 per unit. Net assets attributable to equity holders as at June 30, 2019 were $2.92 million or $5.65 per unit. Cash distributions to equity holders in the amount of $0.95 million or $0.18 per unit were paid during the period.

The Fund’s investment objectives are (i) to provide unitholders of the Fund with monthly cash distributions in an amount targeted to be 6.5% per annum of the net asset value (“NAV”) of the Fund; and (ii) to preserve and grow the NAV per unit. The Fund invests primarily in a blue-chip portfolio consisting of high-quality, large capitalization, dividend paying Canadian companies across multiple industry sectors that have an excellent long-term track record of dividend growth and share price appreciation.

The Fund employs a proprietary investment strategy, Strathbridge Selective Overwriting (“SSO”), to enhance the income generated by the portfolio and to reduce volatility. In addition, the Fund may write cash covered put options in respect of securities in which it is permitted to invest.

The Fund’s investment portfolio is managed by its investment manager, Strathbridge Asset Management Inc. The Fund’s units are listed on Toronto Stock Exchange under the symbol CDD.UN.

Selected Financial Information: ($ Millions)

Statement of Comprehensive Income

For the six months ended June 30, 2019

(Unaudited)

Income (including Net Gain on Investments) $ 0.41
Expenses (0.14 )
Increase in Net Assets Attributable to Equity Holders $ 0.27

For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172 or visit www.strathbridge.com.

John Germain, Senior Vice-President & CFO Strathbridge Asset Management Inc.

121 King Street West

Suite 2600

Toronto, Ontario, M5H 3T9

416.681.3966; 1.800.725.7172

www.strathbridge.com

info@strathbridge.com

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

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Confluence Investment Management LLC Has $5.72 Million Holdings in Resources Connection …

Finally, Millennium Management LLC boosted its stake in Resources Connection by 9.6% during the fourth quarter. Millennium Management LLC now …

Resources Connection logoConfluence Investment Management LLC increased its stake in shares of Resources Connection, Inc. (NASDAQ:RECN) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,157 shares of the business services provider’s stock after acquiring an additional 648 shares during the quarter. Confluence Investment Management LLC owned about 1.12% of Resources Connection worth $5,718,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Resources Connection by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 653,615 shares of the business services provider’s stock worth $9,281,000 after buying an additional 16,398 shares in the last quarter. Sapience Investments LLC boosted its stake in Resources Connection by 2.6% during the first quarter. Sapience Investments LLC now owns 535,514 shares of the business services provider’s stock worth $8,857,000 after buying an additional 13,649 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Resources Connection by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 524,086 shares of the business services provider’s stock worth $7,442,000 after buying an additional 2,010 shares in the last quarter. Northern Trust Corp boosted its stake in Resources Connection by 1.0% during the fourth quarter. Northern Trust Corp now owns 404,796 shares of the business services provider’s stock worth $5,749,000 after buying an additional 4,175 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Resources Connection by 9.6% during the fourth quarter. Millennium Management LLC now owns 286,610 shares of the business services provider’s stock worth $4,070,000 after buying an additional 25,147 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:RECN traded up $0.13 on Monday, hitting $16.46. The stock had a trading volume of 73,045 shares, compared to its average volume of 172,121. The company has a market capitalization of $534.08 million, a price-to-earnings ratio of 15.98 and a beta of 1.17. Resources Connection, Inc. has a twelve month low of $12.72 and a twelve month high of $19.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.10 and a current ratio of 2.10. The firm’s 50 day moving average price is $16.79 and its 200-day moving average price is $16.45.

Resources Connection (NASDAQ:RECN) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The firm had revenue of $182.10 million during the quarter, compared to analysts’ expectations of $182.44 million. Resources Connection had a return on equity of 11.96% and a net margin of 4.32%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. As a group, sell-side analysts predict that Resources Connection, Inc. will post 1.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, August 22nd will be paid a $0.14 dividend. The ex-dividend date is Wednesday, August 21st. This is a boost from Resources Connection’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.40%. Resources Connection’s dividend payout ratio is 54.37%.

RECN has been the topic of several recent analyst reports. BidaskClub upgraded shares of Resources Connection from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Zacks Investment Research downgraded shares of Resources Connection from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th.

About Resources Connection

Resources Connection, Inc provides business consulting services under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. The company offers process transformation and optimization, financial reporting and analysis, technical and operational accounting, and merger and acquisition due diligence and integration services; new accounting standards implementation and remediation support services; and audit readiness, and preparation and response services.

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Institutional Ownership by Quarter for Resources Connection (NASDAQ:RECN)

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Atlantica Yield PLC (NASDAQ:AY) Shares Sold by Perella Weinberg Partners Capital Management …

Millennium Management LLC lifted its position in shares of Atlantica Yield by 729.7% during the fourth quarter. Millennium Management LLC now …

Atlantica Yield logoPerella Weinberg Partners Capital Management LP trimmed its stake in shares of Atlantica Yield PLC (NASDAQ:AY) by 51.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,204 shares of the utilities provider’s stock after selling 46,035 shares during the period. Perella Weinberg Partners Capital Management LP’s holdings in Atlantica Yield were worth $1,002,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Atlantica Yield by 16.2% in the 4th quarter. BlackRock Inc. now owns 462,140 shares of the utilities provider’s stock valued at $9,058,000 after purchasing an additional 64,344 shares during the last quarter. Norges Bank acquired a new position in shares of Atlantica Yield during the fourth quarter worth approximately $34,388,000. Millennium Management LLC lifted its position in shares of Atlantica Yield by 729.7% during the fourth quarter. Millennium Management LLC now owns 499,828 shares of the utilities provider’s stock worth $9,797,000 after purchasing an additional 439,588 shares in the last quarter. Northern Trust Corp lifted its position in shares of Atlantica Yield by 18.2% during the fourth quarter. Northern Trust Corp now owns 47,838 shares of the utilities provider’s stock worth $938,000 after purchasing an additional 7,383 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Atlantica Yield by 4.9% during the fourth quarter. Bank of America Corp DE now owns 649,547 shares of the utilities provider’s stock worth $12,731,000 after purchasing an additional 30,250 shares in the last quarter. 47.44% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on AY shares. Zacks Investment Research lowered shares of Atlantica Yield from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. BidaskClub downgraded shares of Atlantica Yield from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 20th. ValuEngine raised shares of Atlantica Yield from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. Raymond James reissued an “outperform” rating and set a $27.00 price target on shares of Atlantica Yield in a research note on Thursday, August 8th. Finally, Citigroup boosted their price target on shares of Atlantica Yield from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Atlantica Yield currently has a consensus rating of “Buy” and an average price target of $26.67.

NASDAQ AY traded up $0.32 during trading hours on Monday, hitting $23.91. The company’s stock had a trading volume of 239,700 shares, compared to its average volume of 394,471. The company has a market cap of $2.40 billion, a P/E ratio of 56.93 and a beta of 0.54. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.16 and a quick ratio of 1.14. The company’s 50 day simple moving average is $23.26 and its two-hundred day simple moving average is $21.28. Atlantica Yield PLC has a 12 month low of $17.50 and a 12 month high of $23.97.

Atlantica Yield (NASDAQ:AY) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.22). The business had revenue of $283.34 million for the quarter. Atlantica Yield had a negative return on equity of 0.40% and a negative net margin of 0.68%. As a group, research analysts predict that Atlantica Yield PLC will post 0.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Atlantica Yield’s previous quarterly dividend of $0.39. Atlantica Yield’s dividend payout ratio (DPR) is 371.43%.

Atlantica Yield Profile

Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day.

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Institutional Ownership by Quarter for Atlantica Yield (NASDAQ:AY)

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Mastercard Inc (NYSE:MA) Shares Sold by Boyd Watterson Asset Management LLC OH

Millennium Management LLC increased its position in Mastercard by 673.1% during the fourth quarter. Millennium Management LLC now owns …

Mastercard logoBoyd Watterson Asset Management LLC OH lowered its position in Mastercard Inc (NYSE:MA) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,015 shares of the credit services provider’s stock after selling 137 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Mastercard were worth $1,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Norges Bank bought a new position in shares of Mastercard in the 4th quarter worth $1,701,899,000. Thoroughbred Financial Services LLC increased its position in Mastercard by 26,075.5% during the second quarter. Thoroughbred Financial Services LLC now owns 1,285,481 shares of the credit services provider’s stock worth $128,548,000 after buying an additional 1,280,570 shares during the period. Millennium Management LLC increased its position in Mastercard by 673.1% during the fourth quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock worth $264,263,000 after buying an additional 1,219,620 shares during the period. FMR LLC increased its position in Mastercard by 1.8% during the first quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock worth $9,521,850,000 after buying an additional 720,407 shares during the period. Finally, Investec Asset Management LTD increased its position in Mastercard by 144.3% during the first quarter. Investec Asset Management LTD now owns 1,097,888 shares of the credit services provider’s stock worth $258,498,000 after buying an additional 648,434 shares during the period. Institutional investors and hedge funds own 74.90% of the company’s stock.

MA traded up $4.54 during midday trading on Monday, hitting $276.43. The company had a trading volume of 2,051,618 shares, compared to its average volume of 3,502,114. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. The stock’s 50 day moving average price is $275.24 and its 200 day moving average price is $250.86. The company has a market capitalization of $284.86 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 2.22 and a beta of 1.08. Mastercard Inc has a 52 week low of $171.89 and a 52 week high of $283.33.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. Research analysts predict that Mastercard Inc will post 7.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.48%. Mastercard’s payout ratio is currently 20.34%.

In related news, Director David R. Carlucci sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the completion of the sale, the director now owns 54,438 shares in the company, valued at $14,290,519.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the sale, the insider now owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The disclosure for this sale can be found here. Insiders sold a total of 201,511 shares of company stock worth $54,471,508 in the last 90 days. 3.70% of the stock is currently owned by insiders.

MA has been the topic of several research analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a research report on Thursday. Royal Bank of Canada set a $315.00 price objective on Mastercard and gave the company a “buy” rating in a report on Wednesday, August 7th. BMO Capital Markets set a $328.00 target price on Mastercard and gave the stock a “buy” rating in a report on Wednesday, July 31st. Wedbush boosted their target price on Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Finally, Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $275.00 target price on the stock in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus price target of $291.80.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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