California State Teachers Retirement System grew its position in CME Group Inc (NASDAQ:CME) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 595,522 shares of the financial services provider’s stock after purchasing an additional 378 shares during the period. California State Teachers Retirement System owned approximately 0.18% of CME Group worth $86,976,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empire Life Investments Inc. lifted its position in CME Group by 1.1% during the 4th quarter. Empire Life Investments Inc. now owns 99,153 shares of the financial services provider’s stock worth $14,481,000 after acquiring an additional 1,067 shares in the last quarter. HPM Partners LLC acquired a new position in CME Group during the 4th quarter worth approximately $366,000. Nomura Asset Management Co. Ltd. lifted its position in CME Group by 134.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 190,829 shares of the financial services provider’s stock worth $27,870,000 after acquiring an additional 109,432 shares in the last quarter. AMP Capital Investors Ltd lifted its position in CME Group by 0.8% during the 4th quarter. AMP Capital Investors Ltd now owns 234,910 shares of the financial services provider’s stock worth $34,310,000 after acquiring an additional 1,935 shares in the last quarter. Finally, VGI PARTNERS PTY Ltd lifted its position in CME Group by 16.5% during the 4th quarter. VGI PARTNERS PTY Ltd now owns 998,327 shares of the financial services provider’s stock worth $145,806,000 after acquiring an additional 141,272 shares in the last quarter. 83.13% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Derek Sammann sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was 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 in the company, valued at approximately $6,491,133.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Terrence A. Duffy sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.66, for a total value of $3,033,200.00. Following the completion of the sale, the chairman now owns 99,239 shares of the company’s stock, valued at $15,050,586.74. The disclosure for this sale can be found here. Insiders sold a total of 43,024 shares of company stock valued at $6,620,113 over the last quarter. Company insiders own 0.57% of the company’s stock.
CME Group (NASDAQ:CME) last announced its earnings results on Thursday, February 1st. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.02. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The company had revenue of $900.00 million for the quarter, compared to analyst estimates of $886.85 million. During the same period in the prior year, the company posted $1.14 EPS. CME Group’s quarterly revenue was down 1.4% on a year-over-year basis. equities research analysts anticipate that CME Group Inc will post 6.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 9th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.66%. This is an increase from CME Group’s previous quarterly dividend of $0.66. The ex-dividend date is Thursday, March 8th. CME Group’s payout ratio is 23.45%.
CME has been the topic of several recent research reports. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research raised CME Group from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research report on Tuesday, January 2nd. Berenberg Bank initiated coverage on CME Group in a research report on Thursday, January 25th. They set a “hold” rating and a $170.00 price target on the stock. Citigroup reissued a “buy” rating and set a $172.00 price target (up from $155.00) on shares of CME Group in a research report on Monday, January 29th. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $175.00 target price on shares of CME Group in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $157.77.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/03/13/cme-group-inc-cme-shares-bought-by-california-state-teachers-retirement-system.html.
CME Group Profile
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.
Receive News & Ratings for CME Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CME Group and related companies with MarketBeat.com's FREE daily email newsletter.