California Public Employees Retirement System Grows Holdings in CME Group Inc. (CME)

California Public Employees Retirement System raised its holdings in shares of CME Group Inc. (NASDAQ:CME) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 776,730 shares of the financial services provider’s stock after purchasing an additional 7,000 shares during the period. California Public Employees Retirement System owned 0.23% of CME Group worth $97,278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CME. BlackRock Inc. lifted its position in CME Group by 2,172.6% during the 1st quarter. BlackRock Inc. now owns 27,265,611 shares of the financial services provider’s stock valued at $3,239,152,000 after purchasing an additional 26,065,883 shares during the period. Edgewood Management LLC lifted its position in CME Group by 26.4% during the 1st quarter. Edgewood Management LLC now owns 7,228,349 shares of the financial services provider’s stock valued at $858,728,000 after purchasing an additional 1,511,753 shares during the period. Fiera Capital Corp raised its position in shares of CME Group by 243.9% in the 2nd quarter. Fiera Capital Corp now owns 1,926,918 shares of the financial services provider’s stock valued at $241,327,000 after acquiring an additional 1,366,557 shares during the period. Wells Fargo & Company MN raised its position in shares of CME Group by 25.5% in the 2nd quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock valued at $548,496,000 after acquiring an additional 889,217 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of CME Group by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 22,232,434 shares of the financial services provider’s stock valued at $2,641,214,000 after acquiring an additional 806,282 shares during the period. Institutional investors own 82.64% of the company’s stock.

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In related news, Director Dennis Suskind sold 750 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $129.34, for a total value of $97,005.00. Following the completion of the sale, the director now directly owns 5,059 shares of the company’s stock, valued at approximately $654,331.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Terrence A. Duffy sold 21,815 shares of the stock in a transaction 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 completion of the sale, the chairman now directly owns 110,711 shares of the company’s stock, valued at $13,715,985.79. The disclosure for this sale can be found here. Insiders sold a total of 48,244 shares of company stock valued at $6,021,890 over the last three months. 0.57% of the stock is currently owned by insiders.

Shares of CME Group Inc. (CME) traded down 0.22% during mid-day trading on Thursday, reaching $133.50. 204,108 shares of the company’s stock traded hands. The company has a market cap of $45.38 billion, a price-to-earnings ratio of 27.25 and a beta of 0.72. The company has a 50 day moving average of $126.73 and a 200 day moving average of $122.14. CME Group Inc. has a 12 month low of $98.95 and a 12 month high of $133.83.

CME Group (NASDAQ:CME) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 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 return on equity of 7.61% and a net margin of 46.05%. CME Group’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. Analysts expect that CME Group Inc. will post $4.82 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 7th. CME Group’s payout ratio is currently 53.99%.

A number of brokerages recently weighed in on CME. 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 reiterated a “buy” rating and issued a $134.00 price target (up from $128.00) on shares of CME Group in a research report on Monday, July 17th. Royal Bank Of Canada increased their price target 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 downgraded shares of CME Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Barclays PLC began coverage on shares of CME Group in a research report on Friday, September 8th. They issued an “overweight” rating and a $139.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $133.22.

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

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