New York State Teachers Retirement System Lowers Position in CME Group Inc (CME)

New York State Teachers Retirement System reduced its position in CME Group Inc (NASDAQ:CME) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 512,562 shares of the financial services provider’s stock after selling 15,919 shares during the period. New York State Teachers Retirement System’s holdings in CME Group were worth $84,019,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. grew its holdings in CME Group by 84.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 789 shares of the financial services provider’s stock valued at $129,000 after buying an additional 362 shares in the last quarter. Kaizen Advisory LLC grew its holdings in CME Group by 151.9% during the 2nd quarter. Kaizen Advisory LLC now owns 816 shares of the financial services provider’s stock valued at $134,000 after buying an additional 492 shares in the last quarter. Signaturefd LLC purchased a new position in CME Group during the 1st quarter valued at about $138,000. Old Mutual Global Investors UK Ltd. purchased a new position in CME Group during the 1st quarter valued at about $138,000. Finally, McKinley Carter Wealth Services Inc. purchased a new position in shares of CME Group during the first quarter worth about $142,000. Institutional investors and hedge funds own 82.51% of the company’s stock.

CME traded down $0.87 during midday trading on Thursday, hitting $160.56. The stock had a trading volume of 13,478 shares, compared to its average volume of 1,276,988. The firm has a market cap of $54.01 billion, a P/E ratio of 33.84, a P/E/G ratio of 2.98 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.08 and a quick ratio of 1.04. CME Group Inc has a 1 year low of $123.05 and a 1 year high of $174.36.

CME Group (NASDAQ:CME) last issued its earnings results on Thursday, July 26th. The financial services provider reported $1.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. CME Group had a return on equity of 9.03% and a net margin of 111.45%. CME Group’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 earnings per share. equities analysts anticipate that CME Group Inc will post 6.68 earnings per share for the current year.

In other CME Group news, Chairman Terrence A. Duffy sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $161.00, for a total value of $3,220,000.00. Following the completion of the sale, the chairman now owns 94,686 shares of the company’s stock, valued at $15,244,446. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey M. Bernacchi sold 3,815 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $161.04, for a total value of $614,367.60. Following the completion of the sale, the director now directly owns 58,607 shares of the company’s stock, valued at approximately $9,438,071.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,885 shares of company stock valued at $5,327,896. 0.57% of the stock is owned by insiders.

Several research analysts have recently commented on the company. Compass Point assumed coverage on CME Group in a report on Monday, July 9th. They set a “neutral” rating and a $170.00 price objective for the company. BidaskClub lowered CME Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Wells Fargo & Co boosted their price objective on CME Group from $170.00 to $175.00 and gave the stock a “market perform” rating in a report on Monday, July 9th. Zacks Investment Research lowered CME Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. Finally, Sanford C. Bernstein assumed coverage on CME Group in a report on Monday, April 9th. They set an “outperform” rating and a $190.00 price objective for the company. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $170.29.

About CME Group

CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.

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

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