CME Group Inc. (NASDAQ:CME) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its stake in CME Group Inc. (NASDAQ:CME) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,836 shares of the financial services provider’s stock after purchasing an additional 152 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in CME Group were worth $2,284,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Meyer Handelman Co. purchased a new position in shares of CME Group in the fourth quarter worth $6,144,000. Worldquant Millennium Advisors LLC raised its stake in CME Group by 58.4% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 613,828 shares of the financial services provider’s stock worth $135,441,000 after acquiring an additional 226,306 shares during the last quarter. Geode Capital Management LLC lifted its position in CME Group by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 8,284,745 shares of the financial services provider’s stock worth $1,823,964,000 after acquiring an additional 142,692 shares during the period. Bank of Montreal Can grew its stake in CME Group by 41.8% during the 3rd quarter. Bank of Montreal Can now owns 1,028,090 shares of the financial services provider’s stock valued at $224,432,000 after purchasing an additional 303,169 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of CME Group by 18.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,826,501 shares of the financial services provider’s stock valued at $403,017,000 after purchasing an additional 283,171 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.

CME Group Stock Performance

CME opened at $236.52 on Monday. The firm’s fifty day simple moving average is $234.73 and its two-hundred day simple moving average is $222.63. CME Group Inc. has a 52-week low of $190.70 and a 52-week high of $249.02. The company has a market cap of $85.23 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 5.28 and a beta of 0.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09.

CME Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 16th. Investors of record on Friday, December 27th were issued a $5.80 dividend. This is a boost from CME Group’s previous dividend of $2.50. The ex-dividend date of this dividend was Friday, December 27th. CME Group’s payout ratio is presently 48.37%.

CME Group declared that its board has authorized a stock repurchase plan on Thursday, December 5th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CME. Redburn Atlantic downgraded CME Group from a “buy” rating to a “neutral” rating and set a $244.00 target price for the company. in a report on Tuesday, October 8th. Morgan Stanley upped their price objective on shares of CME Group from $210.00 to $233.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods cut their price objective on shares of CME Group from $260.00 to $256.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Barclays upped their price target on shares of CME Group from $231.00 to $257.00 and gave the company an “equal weight” rating in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on CME Group from $227.00 to $226.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $229.27.

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.