Teachers Advisors LLC Has $146.81 Million Position in CME Group Inc. (CME)

Teachers Advisors LLC boosted its position in shares of CME Group Inc. (NASDAQ:CME) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,172,265 shares of the financial services provider’s stock after purchasing an additional 22,149 shares during the period. Teachers Advisors LLC owned about 0.35% of CME Group worth $146,814,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Trust Co. acquired a new stake in CME Group in the 2nd quarter valued at about $105,000. Whittier Trust Co. increased its position in CME Group by 2.6% in 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 in the last quarter. Parallel Advisors LLC increased its position in CME Group by 4.1% in the 1st quarter. Parallel Advisors LLC now owns 1,084 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 43 shares in the last quarter. RidgeWorth Capital Management LLC increased its position in CME Group by 55.5% in the 1st quarter. RidgeWorth Capital Management LLC now owns 1,138 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 406 shares in the last quarter. Finally, Grove Bank & Trust increased its position in CME Group by 41.6% in the 2nd quarter. Grove Bank & Trust now owns 1,274 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 374 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Shares of CME Group Inc. (NASDAQ CME) traded up 0.54% during midday trading on Tuesday, hitting $129.49. 221,063 shares of the stock traded hands. CME Group Inc. has a 52 week low of $98.95 and a 52 week high of $130.15. The firm’s 50-day moving average is $124.96 and its 200 day moving average is $121.76. The company has a market capitalization of $44.02 billion, a price-to-earnings ratio of 26.43 and a beta of 0.72.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03. The business had revenue of $925.00 million during the quarter, compared to analyst estimates of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.14 EPS. Equities analysts forecast that CME Group Inc. will post $4.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a $0.66 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.64 dividend on an annualized basis and a yield of 2.05%. CME Group’s dividend payout ratio (DPR) is presently 53.99%.

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Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of CME Group from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Jefferies Group LLC restated a “buy” rating and issued a $134.00 price objective (up previously from $128.00) on shares of CME Group in a research report on Monday, July 17th. Royal Bank Of Canada raised their price objective on shares of CME Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 20th. Zacks Investment Research cut shares of CME Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Barclays PLC assumed coverage on shares of CME Group in a research report on Friday. They issued an “overweight” rating and a $139.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $132.56.

In related news, CFO John W. Pietrowicz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $124.50, for a total value of $311,250.00. Following the completion of the transaction, the chief financial officer now owns 38,495 shares in the company, valued at approximately $4,792,627.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Hilda Harris Piell sold 714 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $129.00, for a total transaction of $92,106.00. Following the completion of the transaction, the insider now owns 28,844 shares of the company’s stock, valued at approximately $3,720,876. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,619 shares of company stock valued at $6,959,604. 0.57% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for CME Group (NASDAQ:CME)

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