CME Group (NASDAQ:CME) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, January 9th.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a report on Tuesday, January 2nd. Citigroup lifted their price target on CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $133.00 price target on shares of CME Group in a research report on Thursday, September 21st. Wells Fargo & Co lifted their price target on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada boosted their price objective on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. CME Group presently has an average rating of “Buy” and an average target price of $148.50.
Shares of CME Group (NASDAQ CME) traded up $0.15 during midday trading on Tuesday, reaching $153.48. The company’s stock had a trading volume of 2,947,732 shares, compared to its average volume of 1,269,068. The firm has a market cap of $52,350.00, a price-to-earnings ratio of 34.80, a PEG ratio of 2.06 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. CME Group has a 12-month low of $114.82 and a 12-month high of $156.49.
In other news, insider Sunil Cutinho sold 2,600 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $139.57, for a total transaction of $362,882.00. Following the transaction, the insider now owns 22,301 shares of the company’s stock, valued at $3,112,550.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jack J. Tobin sold 2,325 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $152.28, for a total value of $354,051.00. Following the transaction, the insider now directly owns 17,574 shares in the company, valued at approximately $2,676,168.72. The disclosure for this sale can be found here. In the last three months, insiders sold 42,603 shares of company stock worth $6,250,726. Insiders own 0.57% of the company’s stock.
Several institutional investors have recently made changes to their positions in the business. Fiduciary Trust Co. bought a new position in shares of CME Group during the second quarter worth about $105,000. Quadrant Capital Group LLC grew its holdings in shares of CME Group by 13.6% during the second quarter. Quadrant Capital Group LLC now owns 944 shares of the financial services provider’s stock worth $111,000 after buying an additional 113 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of CME Group during the third quarter worth about $124,000. San Francisco Sentry Investment Group CA bought a new position in shares of CME Group during the second quarter worth about $129,000. Finally, People s United Financial Inc. grew its holdings in shares of CME Group by 11.5% during the second quarter. People s United Financial Inc. now owns 1,063 shares of the financial services provider’s stock worth $133,000 after buying an additional 110 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.
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About CME Group
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.
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