California State Teachers Retirement System reduced its position in CME Group Inc. (NASDAQ:CME) by 6.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 648,858 shares of the financial services provider’s stock after selling 45,207 shares during the quarter. California State Teachers Retirement System owned 0.19% of CME Group worth $81,264,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Trust Co. purchased a new stake in CME Group during the 2nd quarter valued at about $105,000. Quadrant Capital Group LLC boosted its holdings in CME Group by 13.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 944 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 113 shares during the period. San Francisco Sentry Investment Group CA purchased a new stake in CME Group during the 2nd quarter valued at about $129,000. Whittier Trust Co. boosted its holdings in CME Group by 2.6% during the 2nd quarter. Whittier Trust Co. now owns 1,057 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 27 shares during the period. Finally, People s United Financial Inc. boosted its holdings in CME Group by 11.5% during the 2nd quarter. People s United Financial Inc. now owns 1,063 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 82.64% of the company’s stock.
CME Group Inc. (NASDAQ:CME) traded down 0.78% on Tuesday, reaching $136.92. The company’s stock had a trading volume of 595,996 shares. CME Group Inc. has a one year low of $98.95 and a one year high of $138.49. The company has a market capitalization of $46.54 billion, a PE ratio of 27.95 and a beta of 0.73. The firm has a 50-day moving average of $131.00 and a 200-day moving average of $123.41.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Friday, September 8th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.64 annualized dividend and a dividend yield of 1.91%. CME Group’s dividend payout ratio (DPR) is presently 53.99%.
In other CME Group news, President Bryan T. Durkin sold 9,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $125.13, for a total transaction of $1,151,196.00. Following the completion of the transaction, the president now owns 70,938 shares in the company, valued at $8,876,471.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Terrence A. Duffy sold 21,815 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $123.89, for a total value of $2,702,660.35. Following the transaction, the chairman now owns 110,711 shares of the company’s stock, valued at approximately $13,715,985.79. The disclosure for this sale can be found here. Insiders have sold 45,744 shares of company stock valued at $5,710,640 in the last 90 days. Company insiders own 0.57% of the company’s stock.
Several equities research analysts recently weighed in on the company. Wells Fargo & Company increased their target price on CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, October 4th. BidaskClub upgraded CME Group from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $127.00 target price on shares of CME Group in a report on Friday, August 18th. Royal Bank Of Canada set a $135.00 target price on CME Group and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC restated a “buy” rating and set a $128.00 target price on shares of CME Group in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $134.78.
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CME Group Company 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.
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