Teachers Retirement System of The State of Kentucky Has $6.19 Million Holdings in CME Group Inc. (NASDAQ:CME)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of CME Group Inc. (NASDAQ:CME) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,675 shares of the financial services provider’s stock after selling 258 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in CME Group were worth $6,194,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. SJS Investment Consulting Inc. grew its position in shares of CME Group by 570.6% during the 4th quarter. SJS Investment Consulting Inc. now owns 114 shares of the financial services provider’s stock worth $26,000 after buying an additional 97 shares during the period. New Age Alpha Advisors LLC grew its holdings in CME Group by 50.0% during the fourth quarter. New Age Alpha Advisors LLC now owns 129 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 43 shares during the period. Financial Life Planners bought a new stake in CME Group in the fourth quarter valued at approximately $32,000. Knuff & Co LLC acquired a new stake in CME Group in the fourth quarter worth $33,000. Finally, Fortitude Family Office LLC boosted its position in shares of CME Group by 120.3% during the fourth quarter. Fortitude Family Office LLC now owns 152 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 83 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Howard J. Siegel sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $260.00, for a total value of $2,600,000.00. Following the transaction, the director now owns 21,873 shares in the company, valued at approximately $5,686,980. This represents a 31.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Julie Winkler sold 11,592 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $249.17, for a total transaction of $2,888,378.64. Following the sale, the insider now owns 21,885 shares of the company’s stock, valued at $5,453,085.45. This trade represents a 34.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,076 shares of company stock valued at $6,871,496. 0.30% of the stock is owned by insiders.

CME Group Stock Performance

NASDAQ CME opened at $265.56 on Wednesday. The firm has a market capitalization of $95.70 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 6.76 and a beta of 0.43. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $257.73 and its two-hundred day moving average price is $241.07. CME Group Inc. has a 1 year low of $190.70 and a 1 year high of $273.42.

CME Group (NASDAQ:CME) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.06. CME Group had a net margin of 57.52% and a return on equity of 13.62%. As a group, research analysts anticipate that CME Group Inc. will post 10.49 EPS for the current year.

CME Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 7th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.88%. This is a boost from CME Group’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, March 7th. CME Group’s dividend payout ratio (DPR) is presently 51.71%.

Analyst Ratings Changes

Several analysts recently commented on CME shares. JPMorgan Chase & Co. raised their price objective on CME Group from $209.00 to $212.00 and gave the stock an “underweight” rating in a research note on Thursday, February 13th. Piper Sandler boosted their price objective on CME Group from $275.00 to $283.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Barclays raised their target price on shares of CME Group from $263.00 to $279.00 and gave the stock an “equal weight” rating in a report on Monday, April 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $269.00 price objective on shares of CME Group in a research report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CME Group from $256.00 to $257.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $247.47.

CME Group Company Profile

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.