Teachers Retirement System of The State of Kentucky lessened its holdings in shares of CME Group Inc (NASDAQ:CME) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 209,385 shares of the financial services provider’s stock after selling 16,253 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of CME Group worth $30,581,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Jackson Square Partners LLC raised its position in CME Group by 672.4% during the fourth quarter. Jackson Square Partners LLC now owns 2,773,705 shares of the financial services provider’s stock valued at $405,099,000 after buying an additional 2,414,593 shares during the period. Capital International Investors increased its position in CME Group by 11.4% in the 3rd quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock worth $1,694,514,000 after purchasing an additional 1,279,058 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of CME Group by 53.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,201,333 shares of the financial services provider’s stock worth $321,505,000 after acquiring an additional 764,129 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in shares of CME Group by 1,943.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 606,942 shares of the financial services provider’s stock worth $82,349,000 after acquiring an additional 577,237 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of CME Group by 71.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,196,575 shares of the financial services provider’s stock worth $174,759,000 after acquiring an additional 497,377 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.
In other CME Group news, insider Derek Sammann sold 2,400 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $161.66, for a total value of $387,984.00. Following the completion of the sale, the insider now directly owns 40,153 shares of the company’s stock, valued at $6,491,133.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hilda Harris Piell sold 3,299 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $163.52, for a total transaction of $539,452.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,024 shares of company stock valued at $6,620,113. 0.57% of the stock is currently owned by company insiders.
CME Group (NASDAQ:CME) last announced its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. CME Group had a net margin of 111.49% and a return on equity of 7.68%. The business had revenue of $900.00 million for the quarter, compared to analysts’ expectations of $886.85 million. During the same quarter last year, the firm earned $1.14 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. sell-side analysts predict that CME Group Inc will post 6.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 1.63%. This is a positive change from CME Group’s previous quarterly dividend of $0.66. CME Group’s dividend payout ratio (DPR) is presently 23.45%.
A number of analysts have commented on CME shares. Bank of America raised their price objective on CME Group from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday. ValuEngine cut CME Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research cut CME Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub raised CME Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 10th. Finally, Goldman Sachs Group upgraded CME Group from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, February 7th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $157.77.
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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