Teacher Retirement System of Texas boosted its stake in shares of CME Group Inc. (NASDAQ:CME) by 38.4% during the second quarter, Holdings Channel reports. The institutional investor owned 24,222 shares of the company’s stock after buying an additional 6,724 shares during the period. Teacher Retirement System of Texas’ holdings in CME Group were worth $2,359,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. CIBC World Markets Inc. purchased a new position in CME Group during the first quarter valued at $860,000. Outfitter Advisors LTD. increased its position in shares of CME Group by 21.0% in the first quarter. Outfitter Advisors LTD. now owns 13,820 shares of the company’s stock worth $1,327,000 after buying an additional 2,400 shares in the last quarter. Virginia Retirement System bought a new position in shares of CME Group during the first quarter worth approximately $500,000. Mn Services Vermogensbeheer B.V. bought a new position in shares of CME Group during the first quarter worth approximately $677,000. Finally, Aperio Group LLC increased its position in shares of CME Group by 21.5% in the first quarter. Aperio Group LLC now owns 134,127 shares of the company’s stock worth $12,883,000 after buying an additional 23,757 shares in the last quarter. 80.29% of the stock is owned by institutional investors.
CME Group Inc. (NASDAQ:CME) traded down 0.33% during midday trading on Thursday, hitting $108.55. The stock had a trading volume of 393,382 shares. The firm has a market cap of $36.78 billion, a PE ratio of 27.41 and a beta of 0.85. The stock has a 50-day moving average price of $106.40 and a 200 day moving average price of $98.59. CME Group Inc. has a one year low of $81.87 and a one year high of $110.35.
CME Group (NASDAQ:CME) last announced its earnings results on Thursday, July 28th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.11 by $0.03. The business had revenue of $906 million for the quarter, compared to the consensus estimate of $897.84 million. CME Group had a return on equity of 6.83% and a net margin of 38.22%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. On average, analysts predict that CME Group Inc. will post $4.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 9th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.40 annualized dividend and a dividend yield of 2.20%. CME Group’s payout ratio is currently 60.61%.
A number of equities analysts have recently commented on the company. Credit Agricole SA lowered their price objective on CME Group from $100.00 to $95.00 and set an “underperform” rating for the company in a research report on Thursday, July 14th. Deutsche Bank AG reissued a “buy” rating and set a $110.00 price objective on shares of CME Group in a research report on Tuesday, May 31st. Keefe, Bruyette & Woods boosted their price objective on CME Group from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Zacks Investment Research raised CME Group from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a research report on Thursday, August 4th. Finally, Barclays PLC lowered their price objective on CME Group from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. CME Group has a consensus rating of “Hold” and an average price target of $102.89.
In other CME Group news, CEO Phupinder Gill sold 31,120 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of $93.14, for a total transaction of $2,898,516.80. Following the completion of the sale, the chief executive officer now owns 165,181 shares in the company, valued at approximately $15,384,958.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kimberly S. Taylor sold 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $96.55, for a total value of $222,065.00. Following the sale, the insider now owns 106,089 shares of the company’s stock, valued at approximately $10,242,892.95. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.
About CME Group
CME Group Inc is a provider of products across all major asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals. The Company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. The Company connects buyers and sellers together through its CME Globex electronic trading platform across the globe and its open outcry trading facilities in Chicago and New York City.
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