State of Michigan Retirement System increased its holdings in shares of CME Group Inc (NASDAQ:CME) by 11.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,589 shares of the financial services provider’s stock after buying an additional 9,412 shares during the period. State of Michigan Retirement System’s holdings in CME Group were worth $14,887,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pearl River Capital LLC increased its stake in CME Group by 246.7% in the fourth quarter. Pearl River Capital LLC now owns 1,484 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 1,056 shares in the last quarter. Macquarie Group Ltd. increased its stake in CME Group by 14.8% in the fourth quarter. Macquarie Group Ltd. now owns 562,462 shares of the financial services provider’s stock valued at $112,898,000 after purchasing an additional 72,558 shares in the last quarter. Stillwater Investment Management LLC increased its stake in CME Group by 10.8% in the first quarter. Stillwater Investment Management LLC now owns 1,665 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 162 shares in the last quarter. Burns J W & Co. Inc. NY increased its stake in CME Group by 6.0% in the first quarter. Burns J W & Co. Inc. NY now owns 19,782 shares of the financial services provider’s stock valued at $3,420,000 after purchasing an additional 1,115 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in CME Group by 6.5% in the first quarter. State of Alaska Department of Revenue now owns 97,205 shares of the financial services provider’s stock valued at $16,807,000 after purchasing an additional 5,934 shares in the last quarter. 84.83% of the stock is owned by institutional investors and hedge funds.

NASDAQ:CME traded up $3.08 during mid-day trading on Friday, reaching $166.18. 1,845,262 shares of the company’s stock were exchanged, compared to its average volume of 1,553,448. CME Group Inc has a one year low of $131.80 and a one year high of $225.36. The firm has a market capitalization of $59.59 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 4.93 and a beta of 0.30. The business’s fifty day simple moving average is $169.99 and its two-hundred day simple moving average is $186.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.02.

CME Group (NASDAQ:CME) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.01. CME Group had a net margin of 46.39% and a return on equity of 9.93%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm earned $1.76 earnings per share. CME Group’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that CME Group Inc will post 7.15 EPS for the current year.

In other CME Group news, Director William R. Shepard purchased 1,229 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $178.10 per share, with a total value of $218,884.90. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $356,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy S. Bitsberger sold 600 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $191.32, for a total transaction of $114,792.00. Following the completion of the transaction, the director now directly owns 9,927 shares in the company, valued at $1,899,233.64. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Several equities research analysts have commented on the stock. Bank of America lowered their target price on shares of CME Group from $194.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Oppenheimer reaffirmed a “buy” rating on shares of CME Group in a research note on Wednesday. Deutsche Bank reduced their price target on shares of CME Group from $196.00 to $178.00 and set a “buy” rating for the company in a report on Thursday. Citigroup upped their price target on shares of CME Group from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Rosenblatt Securities reduced their price target on shares of CME Group from $140.00 to $130.00 and set a “sell” rating for the company in a report on Thursday. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. CME Group presently has a consensus rating of “Hold” and a consensus target price of $187.88.

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 commodities, and metals, as well as fixed income products.

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

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