CME Group Inc. (NASDAQ:CME) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in CME Group Inc. (NASDAQ:CME) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,604 shares of the financial services provider’s stock after selling 821 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CME Group were worth $5,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SPC Financial Inc. grew its holdings in CME Group by 15.9% in the second quarter. SPC Financial Inc. now owns 2,949 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 405 shares during the period. Advisory Alpha LLC boosted its holdings in shares of CME Group by 10.8% in the 2nd quarter. Advisory Alpha LLC now owns 4,430 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 430 shares during the last quarter. Regal Investment Advisors LLC grew its stake in shares of CME Group by 1.4% during the 2nd quarter. Regal Investment Advisors LLC now owns 19,193 shares of the financial services provider’s stock valued at $3,773,000 after buying an additional 273 shares during the period. Quarry LP increased its holdings in shares of CME Group by 62.6% during the 2nd quarter. Quarry LP now owns 522 shares of the financial services provider’s stock worth $103,000 after buying an additional 201 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of CME Group by 3.8% in the 2nd quarter. NewEdge Advisors LLC now owns 46,937 shares of the financial services provider’s stock worth $9,228,000 after buying an additional 1,733 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CME. Barclays boosted their price target on CME Group from $208.00 to $209.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Royal Bank of Canada initiated coverage on CME Group in a report on Friday, September 27th. They set a “sector perform” rating and a $235.00 target price for the company. Keefe, Bruyette & Woods raised their price target on shares of CME Group from $212.00 to $213.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Bank of America downgraded shares of CME Group from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $212.00 to $177.00 in a research note on Tuesday, September 3rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $225.00 target price on shares of CME Group in a research note on Tuesday, August 20th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $212.54.

Insiders Place Their Bets

In other news, CFO Lynne Fitzpatrick sold 754 shares of the company’s stock in a transaction dated Sunday, September 15th. The shares were sold at an average price of $216.99, for a total value of $163,610.46. Following the sale, the chief financial officer now owns 13,261 shares in the company, valued at approximately $2,877,504.39. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other CME Group news, Director Bryan T. Durkin sold 7,593 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $214.59, for a total transaction of $1,629,381.87. Following the sale, the director now directly owns 55,607 shares of the company’s stock, valued at $11,932,706.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lynne Fitzpatrick sold 754 shares of the firm’s stock in a transaction dated Sunday, September 15th. The stock was sold at an average price of $216.99, for a total transaction of $163,610.46. Following the completion of the transaction, the chief financial officer now owns 13,261 shares in the company, valued at $2,877,504.39. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

CME Group Stock Down 0.8 %

Shares of NASDAQ CME opened at $223.57 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02. CME Group Inc. has a 1 year low of $190.70 and a 1 year high of $225.95. The stock’s 50-day simple moving average is $211.20 and its 200-day simple moving average is $207.59. The firm has a market cap of $80.50 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 8.74 and a beta of 0.55.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.03. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. CME Group had a return on equity of 12.82% and a net margin of 56.98%. CME Group’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 EPS. As a group, equities analysts anticipate that CME Group Inc. will post 9.94 earnings per share for the current fiscal year.

CME Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Monday, September 9th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $4.60 dividend on an annualized basis and a yield of 2.06%. CME Group’s dividend payout ratio (DPR) is 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.