TIAA CREF Investment Management LLC lowered its position in CME Group Inc. (NASDAQ:CME) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,351,295 shares of the financial services provider’s stock after selling 22,809 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.69% of CME Group worth $294,476,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in CME Group by 2,172.6% in the 1st quarter. BlackRock Inc. now owns 27,265,611 shares of the financial services provider’s stock worth $3,239,152,000 after purchasing an additional 26,065,883 shares in the last quarter. Edgewood Management LLC boosted its stake in CME Group by 26.4% in the 1st quarter. Edgewood Management LLC now owns 7,228,349 shares of the financial services provider’s stock worth $858,728,000 after purchasing an additional 1,511,753 shares in the last quarter. Fiera Capital Corp boosted its stake in 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 worth $241,327,000 after purchasing an additional 1,366,557 shares in the last quarter. Wells Fargo & Company MN boosted its stake in 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 worth $548,496,000 after purchasing an additional 889,217 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in 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 worth $2,641,214,000 after purchasing an additional 806,282 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts recently commented on the stock. Barclays PLC assumed coverage on shares of CME Group in a research note on Friday. They issued an “overweight” rating and a $139.00 target price for the company. UBS AG reiterated a “buy” rating and issued a $135.00 target price (up from $134.00) on shares of CME Group in a research note on Wednesday, September 6th. BidaskClub cut shares of CME Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $127.00 target price on shares of CME Group in a research note on Friday, August 18th. Finally, Royal Bank Of Canada set a $135.00 target price on shares of CME Group and gave the stock a “buy” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. CME Group presently has a consensus rating of “Buy” and an average target price of $132.56.

Shares of CME Group Inc. (CME) traded up 0.67% during mid-day trading on Tuesday, reaching $129.66. 235,691 shares of the company’s stock traded hands. The firm has a market cap of $44.07 billion, a price-to-earnings ratio of 26.47 and a beta of 0.72. CME Group Inc. has a one year low of $98.95 and a one year high of $130.15. The firm’s 50-day moving average is $124.96 and its 200 day moving average is $121.76.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 earnings per share. Analysts predict that CME Group Inc. will post $4.81 earnings per share for the current year.

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

In other news, Chairman Terrence A. Duffy sold 21,815 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin J. Gepsman sold 200 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $126.14, for a total value of $25,228.00. Following the completion of the sale, the director now directly owns 43,311 shares of the company’s stock, valued at $5,463,249.54. The disclosure for this sale can be found here. Insiders sold 55,619 shares of company stock valued at $6,959,604 over the last three months. Corporate insiders own 0.57% of the company’s stock.

About CME Group

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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