CME Group Inc. (CME) Director Sells $97,005.00 in Stock

CME Group Inc. (NASDAQ:CME) Director Dennis Suskind sold 750 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $129.34, for a total transaction of $97,005.00. Following the sale, the director now directly owns 5,059 shares of the company’s stock, valued at $654,331.06. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of CME Group Inc. (NASDAQ CME) traded up 0.99% during mid-day trading on Tuesday, reaching $130.07. The company had a trading volume of 655,504 shares. The company has a market capitalization of $44.21 billion, a PE ratio of 26.55 and a beta of 0.72. The stock’s 50-day moving average price is $124.96 and its 200 day moving average price is $121.76. CME Group Inc. has a 1-year low of $98.95 and a 1-year high of $130.15.

CME Group (NASDAQ:CME) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. The company had revenue of $925.00 million for the quarter, compared to analyst estimates of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. Equities analysts expect that CME Group Inc. will post $4.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 7th. CME Group’s dividend payout ratio (DPR) is currently 53.99%.

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A number of research analysts have recently commented on CME shares. BidaskClub upgraded CME Group from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Jefferies Group LLC reiterated a “buy” rating and set a $134.00 target price (up from $128.00) on shares of CME Group in a research report on Monday, July 17th. Royal Bank Of Canada increased their target price on CME Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded CME Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Barclays PLC started coverage on CME Group in a research report on Friday. They set an “overweight” rating and a $139.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $132.56.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intl Fcstone Inc. acquired a new position in CME Group during the second quarter worth $1,176,000. Toronto Dominion Bank boosted its stake in CME Group by 23.5% during the second quarter. Toronto Dominion Bank now owns 129,458 shares of the financial services provider’s stock worth $16,214,000 after buying an additional 24,592 shares during the last quarter. Cetera Investment Advisers acquired a new position in CME Group during the second quarter worth $242,000. Advisory Services Network LLC boosted its stake in CME Group by 8,266.3% during the second quarter. Advisory Services Network LLC now owns 6,944 shares of the financial services provider’s stock worth $870,000 after buying an additional 6,861 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in CME Group by 6.4% during the second quarter. WINTON GROUP Ltd now owns 66,331 shares of the financial services provider’s stock worth $8,307,000 after buying an additional 3,983 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

CME Group Company Profile

CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.

Insider Buying and Selling by Quarter for CME Group (NASDAQ:CME)

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