CME Group (NASDAQ:CME) Holdings Cut by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lessened its holdings in shares of CME Group (NASDAQ:CME) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,357,359 shares of the financial services provider’s stock after selling 332,967 shares during the period. TIAA CREF Investment Management LLC owned 0.40% of CME Group worth $198,242,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CME. Raymond James Financial Services Advisors Inc. lifted its holdings in CME Group by 7.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 369,133 shares of the financial services provider’s stock valued at $50,090,000 after buying an additional 26,047 shares during the period. Candriam Luxembourg S.C.A. lifted its holdings in CME Group by 4.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 23,717 shares of the financial services provider’s stock valued at $3,218,000 after buying an additional 1,107 shares during the period. Global X MANAGEMENT CO LLC lifted its holdings in CME Group by 7.9% in the third quarter. Global X MANAGEMENT CO LLC now owns 7,626 shares of the financial services provider’s stock valued at $1,035,000 after buying an additional 559 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in CME Group by 1,095.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 168,712 shares of the financial services provider’s stock valued at $22,891,000 after buying an additional 154,596 shares during the period. Finally, Advisor Group Inc. lifted its holdings in CME Group by 6.6% in the third quarter. Advisor Group Inc. now owns 23,178 shares of the financial services provider’s stock valued at $3,143,000 after buying an additional 1,429 shares during the period. Institutional investors own 83.11% of the company’s stock.

In other news, CFO John W. Pietrowicz sold 7,500 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $151.50, for a total transaction of $1,136,250.00. Following the completion of the sale, the chief financial officer now directly owns 32,376 shares of the company’s stock, valued at $4,904,964. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Hilda Harris Piell sold 3,299 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $163.52, for a total transaction of $539,452.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,699 shares of company stock valued at $6,266,062. 0.57% of the stock is currently owned by insiders.

CME opened at $158.26 on Friday. CME Group has a 1-year low of $114.82 and a 1-year high of $171.71. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $54,628.39, a price-to-earnings ratio of 33.18, a P/E/G ratio of 2.27 and a beta of 0.56.

CME Group (NASDAQ:CME) last posted its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $900.00 million during the quarter, compared to the consensus estimate of $886.85 million. CME Group had a net margin of 111.49% and a return on equity of 7.68%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. equities analysts predict that CME Group will post 6.72 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Friday, March 9th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, March 8th. This is an increase from CME Group’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a dividend yield of 1.77%. CME Group’s payout ratio is presently 58.70%.

CME has been the topic of several recent analyst reports. Goldman Sachs upgraded shares of CME Group from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday, February 7th. BidaskClub upgraded shares of CME Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Tuesday, January 2nd. Bank of America boosted their target price on shares of CME Group from $173.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Sandler O’Neill restated a “buy” rating and issued a $175.00 target price on shares of CME Group in a report on Friday, February 2nd. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $163.69.

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CME Group Profile

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.

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

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