CME Group (CME) Hits New 12-Month High on Strong Earnings

CME Group Inc (NASDAQ:CME) shares reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $157.76 and last traded at $157.56, with a volume of 1161603 shares. The stock had previously closed at $153.48.

The financial services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. CME Group had a return on equity of 54.48% and a net margin of 326.58%. The business had revenue of $900.00 million for the quarter, compared to the consensus estimate of $886.85 million. During the same period last year, the business earned $1.14 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year.

The company also recently announced a dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, December 28th were given a dividend of $3.50 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This is an increase from CME Group’s previous dividend of $3.25. CME Group’s dividend payout ratio (DPR) is 22.11%.

A number of equities research analysts recently weighed in on the company. Bank of America lifted their target price on CME Group from $173.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday. Barclays lifted their price objective on CME Group from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday. Sandler O’Neill reaffirmed a “buy” rating and set a $175.00 price objective on shares of CME Group in a report on Friday. Citigroup reaffirmed a “buy” rating and set a $172.00 price objective (up from $155.00) on shares of CME Group in a report on Monday, January 29th. Finally, Berenberg Bank assumed coverage on CME Group in a report on Thursday, January 25th. They set a “hold” rating and a $170.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. CME Group has an average rating of “Buy” and a consensus target price of $155.08.

In other news, insider Sunil Cutinho sold 2,600 shares of CME Group stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $139.57, for a total value of $362,882.00. Following the completion of the transaction, the insider now owns 22,301 shares in the company, valued at $3,112,550.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Julie Holzrichter sold 12,920 shares of CME Group stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $144.08, for a total transaction of $1,861,513.60. The disclosure for this sale can be found here. Insiders have sold 37,428 shares of company stock worth $5,527,779 over the last ninety days. Company insiders own 0.57% of the company’s stock.

Several large investors have recently bought and sold shares of CME. Quadrant Capital Group LLC raised its stake in shares of CME Group by 13.6% in the second quarter. Quadrant Capital Group LLC now owns 944 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 113 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of CME Group in the third quarter valued at approximately $124,000. San Francisco Sentry Investment Group CA bought a new position in shares of CME Group in the second quarter valued at approximately $129,000. People s United Financial Inc. raised its stake in shares of CME Group by 11.5% in the second quarter. People s United Financial Inc. now owns 1,063 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 110 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. bought a new position in shares of CME Group in the third quarter valued at approximately $165,000. Institutional investors own 82.91% of the company’s stock.

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.11. The firm has a market cap of $54,140.00, a PE ratio of 13.33, a price-to-earnings-growth ratio of 2.06 and a beta of 0.64.

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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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