Other analysts also recently issued research reports about the company. Wells Fargo & Co raised their price objective on CME Group from $176.00 to $200.00 and gave the stock a market perform rating in a research note on Wednesday, July 3rd. Deutsche Bank raised their price objective on CME Group from $224.00 to $240.00 and gave the stock a buy rating in a research note on Friday, August 9th. Berenberg Bank downgraded CME Group from a buy rating to a hold rating and dropped their price objective for the stock from $236.00 to $227.00 in a research note on Thursday, September 19th. Oppenheimer started coverage on CME Group in a research note on Monday, September 16th. They set an outperform rating and a $234.00 price objective on the stock. Finally, ValuEngine downgraded CME Group from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $200.43.
CME stock opened at $213.17 on Friday. The business’s fifty day moving average is $213.58 and its 200-day moving average is $198.37. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.15. The company has a market cap of $76.28 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 4.51 and a beta of 0.20. CME Group has a twelve month low of $161.05 and a twelve month high of $224.91.
CME Group (NASDAQ:CME) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. CME Group had a return on equity of 9.14% and a net margin of 39.36%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.74 EPS. Research analysts anticipate that CME Group will post 6.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Monday, September 9th. CME Group’s payout ratio is presently 43.99%.
In other CME Group news, CFO John W. Pietrowicz sold 2,500 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $217.62, for a total transaction of $544,050.00. Following the completion of the transaction, the chief financial officer now owns 30,354 shares in the company, valued at approximately $6,605,637.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sean Tully sold 7,200 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $223.13, for a total value of $1,606,536.00. Following the transaction, the insider now owns 19,923 shares of the company’s stock, valued at approximately $4,445,418.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,126 shares of company stock valued at $11,752,684. Corporate insiders own 1.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Avitas Wealth Management LLC increased its holdings in CME Group by 1.6% during the 3rd quarter. Avitas Wealth Management LLC now owns 22,692 shares of the financial services provider’s stock worth $4,796,000 after purchasing an additional 354 shares in the last quarter. Coastline Trust Co bought a new position in shares of CME Group in the 3rd quarter valued at about $596,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of CME Group by 4.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,218 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 57 shares in the last quarter. Tuttle Tactical Management bought a new position in shares of CME Group in the 3rd quarter valued at about $450,000. Finally, Moller Financial Services grew its holdings in shares of CME Group by 71.7% in the 3rd quarter. Moller Financial Services now owns 3,006 shares of the financial services provider’s stock valued at $635,000 after acquiring an additional 1,255 shares in the last quarter. Hedge funds and other institutional investors own 84.90% of the company’s stock.
About CME Group
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 commodities, and metals, as well as fixed income products.
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