Shares of CME Group Inc. (NASDAQ:CME – Get Free Report) reached a new 52-week low on Tuesday after TD Cowen lowered their price target on the stock from $323.00 to $273.00. TD Cowen currently has a buy rating on the stock. CME Group traded as low as $244.56 and last traded at $244.3330, with a volume of 1134611 shares. The stock had previously closed at $245.20.
Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of CME Group from $266.00 to $271.00 and gave the company an “underweight” rating in a report on Thursday, April 16th. UBS Group reissued an “overweight” rating on shares of CME Group in a research report on Monday, June 15th. Erste Group Bank downgraded shares of CME Group from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Weiss Ratings lowered CME Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 11th. Finally, Wall Street Zen upgraded CME Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, CME Group presently has a consensus rating of “Moderate Buy” and an average target price of $302.24.
Check Out Our Latest Stock Report on CME
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Militia Capital Management LLC acquired a new stake in shares of CME Group during the first quarter worth $2,558,000. FAS Wealth Partners Inc. increased its stake in CME Group by 8.1% in the 1st quarter. FAS Wealth Partners Inc. now owns 16,578 shares of the financial services provider’s stock valued at $4,896,000 after buying an additional 1,236 shares during the period. NewEdge Advisors LLC raised its position in CME Group by 12.9% during the 1st quarter. NewEdge Advisors LLC now owns 67,317 shares of the financial services provider’s stock worth $19,882,000 after buying an additional 7,672 shares during the last quarter. First Nebraska Trust Co purchased a new position in CME Group during the 1st quarter worth $577,000. Finally, Keel Point LLC lifted its stake in shares of CME Group by 3.6% in the 1st quarter. Keel Point LLC now owns 1,510 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.
CME Group Price Performance
The company has a market cap of $88.57 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.75 and a beta of 0.21. The company’s 50 day moving average price is $278.53 and its 200 day moving average price is $287.04. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13.
CME Group (NASDAQ:CME – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.25. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.77 billion. CME Group had a net margin of 63.19% and a return on equity of 15.42%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 earnings per share. Equities research analysts forecast that CME Group Inc. will post 12.28 earnings per share for the current year.
CME Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be given a $1.30 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $5.20 annualized dividend and a yield of 2.1%. CME Group’s dividend payout ratio is presently 44.37%.
About CME Group
CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.
The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.
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