Arizona State Retirement System grew its stake in CME Group Inc (NASDAQ:CME) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,287 shares of the financial services provider’s stock after purchasing an additional 7,494 shares during the period. Arizona State Retirement System’s holdings in CME Group were worth $24,432,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors lifted its position in shares of CME Group by 11.4% during the 3rd quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock valued at $1,694,514,000 after buying an additional 1,279,058 shares in the last quarter. Thornburg Investment Management Inc. lifted its position in shares of CME Group by 5.4% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,902,886 shares of the financial services provider’s stock valued at $529,544,000 after buying an additional 200,483 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of CME Group by 10.7% during the 3rd quarter. APG Asset Management N.V. now owns 2,021,128 shares of the financial services provider’s stock valued at $274,227,000 after buying an additional 196,171 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of CME Group by 5.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,711,123 shares of the financial services provider’s stock valued at $249,910,000 after buying an additional 89,480 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of CME Group by 3.7% during the 3rd quarter. Legal & General Group Plc now owns 1,700,780 shares of the financial services provider’s stock valued at $230,762,000 after buying an additional 60,352 shares in the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.

In other CME Group news, insider Sunil Cutinho sold 2,600 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $139.57, for a total value of $362,882.00. Following the completion of the sale, the insider now directly owns 22,301 shares of the company’s stock, valued at approximately $3,112,550.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Julie Holzrichter sold 12,920 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $144.08, for a total value of $1,861,513.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,128 shares of company stock valued at $10,086,157. 0.57% of the stock is owned by corporate insiders.

A number of research analysts have recently issued reports on the company. BidaskClub upgraded CME Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 10th. Barclays increased their target price on CME Group from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Bank of America increased their target price on CME Group from $173.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Sandler O’Neill reiterated a “buy” rating and set a $175.00 target price on shares of CME Group in a research report on Friday, February 2nd. Finally, Goldman Sachs Group upgraded CME Group from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $157.00.

CME Group Inc (NASDAQ:CME) opened at $162.15 on Thursday. CME Group Inc has a 52 week low of $114.82 and a 52 week high of $163.00. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $54,312.66, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.08 and a beta of 0.64.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The firm had revenue of $900.00 million during the quarter, compared to the consensus estimate of $886.85 million. During the same period in the prior year, the company earned $1.14 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. equities analysts predict that CME Group Inc will post 6.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be paid a $0.70 dividend. This is an increase from CME Group’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, March 8th. CME Group’s dividend payout ratio is currently 22.11%.

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CME Group 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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