Teachers Retirement System of The State of Kentucky Makes New Investment in CME Group Inc. (NASDAQ:CME)

Teachers Retirement System of The State of Kentucky bought a new position in CME Group Inc. (NASDAQ:CME – Get Rating) in the 3rd quarter, Holdings Channel.com reports. The fund bought 34,185 shares of the financial services provider’s stock, valued at approximately $6,055,000.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in CME Group by 4.6% in the third quarter. Envestnet Asset Management Inc. now owns 360,268 shares of the financial services provider’s stock worth $63,814,000 after acquiring an additional 15,818 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of CME Group by 2.2% during the 3rd quarter. Greenleaf Trust now owns 4,805 shares of the financial services provider’s stock worth $851,000 after buying an additional 102 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of CME Group by 13.4% during the 3rd quarter. Victory Capital Management Inc. now owns 334,175 shares of the financial services provider’s stock worth $59,192,000 after buying an additional 39,500 shares during the period. Meiji Yasuda Life Insurance Co boosted its holdings in shares of CME Group by 4.7% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 6,699 shares of the financial services provider’s stock worth $1,371,000 after buying an additional 298 shares during the period. Finally, Keebeck Alpha LP boosted its holdings in shares of CME Group by 28.2% during the 3rd quarter. Keebeck Alpha LP now owns 2,050 shares of the financial services provider’s stock worth $363,000 after buying an additional 451 shares during the period. 85.09% of the stock is owned by institutional investors.

CME Group Trading Down 0.7 %

Shares of CME stock opened at $185.98 on Friday. CME Group Inc. has a 52-week low of $166.54 and a 52-week high of $251.99. The stock has a market cap of $66.90 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 3.59 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a fifty day moving average of $180.83 and a 200-day moving average of $178.86.

CME Group (NASDAQ:CME – Get Rating) last posted its earnings results on Wednesday, February 8th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.02. CME Group had a net margin of 53.61% and a return on equity of 10.43%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that CME Group Inc. will post 8.46 earnings per share for the current fiscal year.

CME Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 27th. Stockholders of record on Friday, March 10th will be issued a $1.10 dividend. This is a positive change from CME Group’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $4.40 annualized dividend and a dividend yield of 2.37%. CME Group’s dividend payout ratio is presently 59.54%.

Analyst Ratings Changes

Several research firms recently issued reports on CME. Citigroup decreased their price objective on shares of CME Group from $214.29 to $210.00 in a report on Thursday, January 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of CME Group from $200.00 to $218.00 in a research note on Thursday, February 9th. Oppenheimer cut their target price on shares of CME Group from $218.00 to $213.00 and set an “outperform” rating for the company in a research note on Thursday, January 19th. Credit Suisse Group upped their target price on shares of CME Group from $192.00 to $198.00 and gave the company an “outperform” rating in a research note on Tuesday, February 7th. Finally, Morgan Stanley upped their target price on shares of CME Group from $196.00 to $201.00 and gave the company an “equal weight” rating in a research note on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $219.83.

CME Group Profile

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CME Group, Inc operates a derivatives marketplace, which offers a range of futures and options products for risk management. Its exchanges offer a range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange (FX), energy, agricultural commodities and metals.