California State Teachers Retirement System Sells 772 Shares of CME Group Inc. $CME

California State Teachers Retirement System reduced its position in CME Group Inc. (NASDAQ:CME - Free Report) by 0.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 594,317 shares of the financial services provider's stock after selling 772 shares during the period. California State Teachers Retirement System owned 0.17% of CME Group worth $131,243,023 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CME. BlackRock Inc. acquired a new stake in shares of CME Group in the second quarter valued at about $6,749,965,000. Norges Bank purchased a new position in shares of CME Group during the 4th quarter valued at about $1,523,241,000. Bank of New York Mellon Corp purchased a new position in CME Group during the 2nd quarter valued at $867,313,000. Alphabet Inc. acquired a new position in CME Group in the 2nd quarter worth approximately $769,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CME Group in the second quarter valued at about $629,771,000. 87.75% of the stock is owned by institutional investors and hedge funds.

CME Group Stock Performance

Shares of CME stock traded down $5.42 during trading on Tuesday, reaching $275.04. 1,225,407 shares of the company's stock traded hands, compared to its average volume of 2,593,035. CME Group Inc. has a 1 year low of $218.31 and a 1 year high of $329.16. The company has a market capitalization of $98.90 billion, a P/E ratio of 23.33, a PEG ratio of 3.26 and a beta of 0.24. The firm's 50-day moving average is $264.48 and its 200 day moving average is $276.89. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13.

CME Group (NASDAQ:CME - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share for the quarter, topping analysts' consensus estimates of $2.91 by $0.08. The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.68 billion. CME Group had a net margin of 63.30% and a return on equity of 15.60%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $2.96 earnings per share. Equities research analysts expect that CME Group Inc. will post 12.27 EPS for the current year.

CME Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 9th. CME Group's payout ratio is presently 44.11%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CME. Piper Sandler lowered their price target on shares of CME Group from $329.00 to $295.00 and set an "overweight" rating for the company in a report on Wednesday, July 15th. Erste Group Bank lowered shares of CME Group from a "buy" rating to a "hold" rating in a report on Friday, June 5th. Morgan Stanley lifted their target price on CME Group from $324.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Bank of America upped their target price on CME Group from $226.00 to $230.00 and gave the company an "underperform" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings lowered CME Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $289.75.

Insider Buying and Selling at CME Group

In other CME Group news, CEO Terrence Duffy sold 15,000 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $274.44, for a total value of $4,116,600.00. Following the transaction, the chief executive officer directly owned 40,630 shares in the company, valued at $11,150,497.20. The trade was a 26.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth Cook sold 500 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $280.11, for a total value of $140,055.00. Following the transaction, the director directly owned 17,916 shares of the company's stock, valued at $5,018,450.76. This trade represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company's stock.

About CME Group

CME Group Inc operates global derivatives marketplaces that provide trading, clearing and settlement services for a broad range of financial and commodity products. Its exchange platforms enable participants to manage risk, discover prices and gain exposure to asset classes including interest rates, equity indexes, foreign exchange, energy, metals, agricultural commodities and digital assets.

The company's principal marketplaces include CME, CBOT, NYMEX and COMEX. Products are offered through futures and options contracts, with electronic trading available through CME Globex as well as exchange-based and privately negotiated transactions.

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