CME Group (CME) Sets New 52-Week High at $183.20

CME Group Inc (NASDAQ:CME) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $183.20 and last traded at $182.14, with a volume of 32931 shares trading hands. The stock had previously closed at $181.32.

Several research analysts have recently commented on CME shares. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a research note on Monday, July 16th. Zacks Investment Research lowered shares of CME Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. Berenberg Bank set a $184.00 price objective on shares of CME Group and gave the company a “hold” rating in a research note on Thursday, September 20th. Jefferies Financial Group reissued a “buy” rating and issued a $190.00 price objective on shares of CME Group in a research note on Wednesday, September 5th. Finally, Wells Fargo & Co raised their price objective on shares of CME Group from $170.00 to $175.00 and gave the company a “market perform” rating in a research note on Monday, July 9th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $181.38.

The firm has a market cap of $57.79 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 3.20 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.08 and a current ratio of 1.08.

CME Group (NASDAQ:CME) last issued its earnings results on Thursday, July 26th. The financial services provider reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. CME Group had a net margin of 111.45% and a return on equity of 9.03%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 earnings per share. As a group, research analysts predict that CME Group Inc will post 6.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 25th. Investors of record on Monday, September 10th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, September 7th. This represents a $2.80 annualized dividend and a yield of 1.54%. CME Group’s dividend payout ratio (DPR) is 58.70%.

In related news, CAO Jack J. Tobin sold 7,820 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $174.87, for a total value of $1,367,483.40. Following the sale, the chief accounting officer now owns 17,534 shares of the company’s stock, valued at $3,066,170.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Bryan T. Durkin sold 11,509 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $162.01, for a total transaction of $1,864,573.09. Following the completion of the sale, the president now directly owns 64,862 shares in the company, valued at approximately $10,508,292.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,188 shares of company stock worth $4,973,607. 0.43% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Oak Ridge Investments LLC grew its position in CME Group by 6.2% in the 2nd quarter. Oak Ridge Investments LLC now owns 5,247 shares of the financial services provider’s stock valued at $860,000 after buying an additional 306 shares during the last quarter. Girard Partners LTD. grew its position in CME Group by 10.3% in the 2nd quarter. Girard Partners LTD. now owns 3,492 shares of the financial services provider’s stock valued at $572,000 after buying an additional 326 shares during the last quarter. Trust Co. of Vermont grew its position in CME Group by 0.8% in the 2nd quarter. Trust Co. of Vermont now owns 43,772 shares of the financial services provider’s stock valued at $7,175,000 after buying an additional 327 shares during the last quarter. Front Row Advisors LLC boosted its position in shares of CME Group by 3.9% during the 2nd quarter. Front Row Advisors LLC now owns 8,882 shares of the financial services provider’s stock worth $1,506,000 after purchasing an additional 335 shares in the last quarter. Finally, MayTech Global Investments LLC boosted its position in shares of CME Group by 0.7% during the 2nd quarter. MayTech Global Investments LLC now owns 50,090 shares of the financial services provider’s stock worth $8,211,000 after purchasing an additional 338 shares in the last quarter. 84.03% of the stock is currently owned by institutional investors.

CME Group Company Profile (NASDAQ:CME)

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 products, and metals.

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