5 Dividend Stocks to Buy According to Billionaire Paul Tudor Jones’ Tudor Investment Corp

3. CME Group Inc. (NASDAQ:CME)

Number of Hedge Fund Holders: 56
Dividend Yield as of September 8: 1.98%

Another prominent dividend stock in billionaire Paul Tudor Jones’ portfolio is CME Group Inc. (NASDAQ:CME), which is an American financial services company. The company has been a part of Tudor Investments since 2010 when the hedge fund initiated its position with stakes worth over $2.6 million. In Q2 2022, the fund owned 60,222 CME shares, worth over $12.3 million. The company made up 0.32% of the firm’s 13F portfolio.

CME Group Inc. (NASDAQ:CME) has been raising its dividends consistently for the past 12 years. In the past five years, it raised its dividends at a CAGR of 8.61%. The company currently pays a quarterly dividend of $1.00 per share and has a yield of 1.98%, as recorded on September 8.

In September, Credit Suisse maintained a Neutral rating on CME Group Inc. (NASDAQ:CME) with a $210 price target, highlighting the company’s volumes in this inflationary period.

As of the close of Q2 2022, 56 hedge funds tracked by Insider Monkey reported owning stakes in CME Group Inc. (NASDAQ:CME), down from 58 in the previous quarter. These stakes are collectively valued at over $2.74 billion, compared with $2.9 billion worth of stakes owned by hedge funds in the preceding quarter.

ClearBridge Investments mentioned CME Group Inc. (NASDAQ:CME) in its Q4 2021 investor letter. Here is what the firm has to say:

“CME Group, for example, maintains a dominant franchise in electronic commodities and options trading with high incremental margins. Its interest rate trading business had been depressed coming out of the recession, but with a tightening policy environment, it now provides upside optionality that augments robust free cash flow growth and capital return. Willscot Mobile Mini is another compounder that executed well through the pandemic but was not initially recognized for the synergies of its Mobile Mini acquisition. The deal has reduced costs and created greater operating leverage as the company rides the tailwinds of improving industrial production and construction.”