Twin Capital Management Inc. Buys Shares of 2,966 CME Group Inc. (NASDAQ:CME)

Twin Capital Management Inc. acquired a new stake in CME Group Inc. (NASDAQ:CME) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,966 shares of the financial services provider’s stock, valued at approximately $625,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Naples Global Advisors LLC raised its holdings in shares of CME Group by 5.6% in the 4th quarter. Naples Global Advisors LLC now owns 2,072 shares of the financial services provider’s stock valued at $436,000 after buying an additional 110 shares during the period. Sapient Capital LLC purchased a new stake in shares of CME Group in the 4th quarter valued at $1,823,000. FNY Investment Advisers LLC acquired a new position in CME Group during the 4th quarter worth $1,074,000. Deutsche Bank AG grew its stake in CME Group by 4.3% during the 3rd quarter. Deutsche Bank AG now owns 1,118,104 shares of the financial services provider’s stock worth $223,867,000 after purchasing an additional 46,021 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in CME Group during the 4th quarter worth $27,986,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CME shares. Barclays boosted their target price on CME Group from $225.00 to $226.00 and gave the stock an “equal weight” rating in a research note on Monday, April 8th. Morgan Stanley boosted their target price on CME Group from $222.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group cut CME Group from a “neutral” rating to a “sell” rating and set a $195.00 target price for the company. in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $229.00 target price on shares of CME Group in a research note on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $210.00 target price (down from $235.00) on shares of CME Group in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $215.70.

CME Group Trading Up 1.6 %

NASDAQ:CME opened at $213.04 on Friday. The stock has a 50-day simple moving average of $214.42 and a 200-day simple moving average of $211.70. The stock has a market cap of $76.69 billion, a P/E ratio of 24.02, a P/E/G ratio of 5.94 and a beta of 0.49. CME Group Inc. has a 1 year low of $175.73 and a 1 year high of $223.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02.

CME Group (NASDAQ:CME) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.10. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. CME Group had a return on equity of 12.32% and a net margin of 57.83%. The business’s revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 EPS. As a group, analysts anticipate that CME Group Inc. will post 9.57 earnings per share for the current fiscal year.

CME Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a $1.15 dividend. The ex-dividend date was Thursday, March 7th. This is a boost from CME Group’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.16%. CME Group’s dividend payout ratio is 51.86%.

CME Group Profile

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.