New Mexico Educational Retirement Board Purchases 1,300 Shares of CME Group Inc. (NASDAQ:CME)

New Mexico Educational Retirement Board raised its position in shares of CME Group Inc. (NASDAQ:CMEFree Report) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,735 shares of the financial services provider’s stock after acquiring an additional 1,300 shares during the period. New Mexico Educational Retirement Board’s holdings in CME Group were worth $3,751,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Wakefield Asset Management LLLP bought a new stake in shares of CME Group during the third quarter worth approximately $264,000. Wealthfront Advisers LLC boosted its stake in shares of CME Group by 26.8% in the third quarter. Wealthfront Advisers LLC now owns 45,584 shares of the financial services provider’s stock valued at $9,127,000 after buying an additional 9,646 shares during the period. Wilson Asset Management International PTY Ltd. boosted its stake in shares of CME Group by 3.1% in the third quarter. Wilson Asset Management International PTY Ltd. now owns 118,825 shares of the financial services provider’s stock valued at $23,962,000 after buying an additional 3,564 shares during the period. Dearborn Partners LLC boosted its stake in shares of CME Group by 67.4% in the third quarter. Dearborn Partners LLC now owns 2,862 shares of the financial services provider’s stock valued at $573,000 after buying an additional 1,152 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of CME Group by 35.3% in the third quarter. Teacher Retirement System of Texas now owns 159,084 shares of the financial services provider’s stock valued at $31,852,000 after buying an additional 41,518 shares during the period. Institutional investors own 85.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CME. StockNews.com initiated coverage on CME Group in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Citigroup boosted their price objective on shares of CME Group from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Barclays downgraded shares of CME Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $244.00 to $222.00 in a research report on Monday, January 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of CME Group from $224.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, Bank of America boosted their price objective on shares of CME Group from $204.00 to $210.00 in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $212.30.

Get Our Latest Stock Report on CME

CME Group Stock Up 2.2 %

Shares of NASDAQ:CME opened at $202.97 on Thursday. The company has a fifty day moving average of $210.64 and a 200-day moving average of $205.57. The company has a market capitalization of $73.07 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 2.29 and a beta of 0.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03. CME Group Inc. has a 52-week low of $171.93 and a 52-week high of $223.80.

CME Group (NASDAQ:CMEGet Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.04. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. CME Group had a return on equity of 11.70% and a net margin of 57.03%. On average, equities analysts predict that CME Group Inc. will post 9.18 EPS for the current fiscal year.

CME Group Increases Dividend

The company also recently declared a None dividend, which will be paid on Thursday, January 18th. Shareholders of record on Thursday, December 28th will be given a dividend of $5.25 per share. The ex-dividend date is Wednesday, December 27th. This is a boost from CME Group’s previous None dividend of $4.50. CME Group’s dividend payout ratio is 52.51%.

Insider Buying and Selling at CME Group

In other CME Group news, Director Bryan T. Durkin sold 5,560 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $216.37, for a total transaction of $1,203,017.20. Following the sale, the director now owns 62,452 shares of the company’s stock, valued at $13,512,739.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Derek Sammann sold 1,862 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $222.07, for a total transaction of $413,494.34. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at approximately $2,152,746.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bryan T. Durkin sold 5,560 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $216.37, for a total transaction of $1,203,017.20. Following the transaction, the director now directly owns 62,452 shares in the company, valued at approximately $13,512,739.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,489 shares of company stock valued at $4,697,527. 0.30% of the stock is currently owned by insiders.

CME Group Company Profile

(Free Report)

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.

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

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