CME Group Inc (NASDAQ:CME) insider Hilda Harris Piell sold 3,299 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $163.52, for a total value of $539,452.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
CME Group Inc (CME) traded down $1.25 on Friday, hitting $160.53. The company had a trading volume of 1,224,200 shares, compared to its average volume of 1,641,198. The company has a current ratio of 1.03, a quick ratio of 1.05 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $54,630.00, a price-to-earnings ratio of 37.23, a P/E/G ratio of 2.10 and a beta of 0.64. CME Group Inc has a fifty-two week low of $114.82 and a fifty-two week high of $165.35.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $900.00 million for the quarter, compared to analyst estimates of $886.85 million. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. research analysts forecast that CME Group Inc will post 6.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from CME Group’s previous quarterly dividend of $0.66. CME Group’s dividend payout ratio (DPR) is presently 60.27%.
Large investors have recently modified their holdings of the business. ST Germain D J Co. Inc. acquired a new stake in CME Group in the 3rd quarter worth about $232,000. California Public Employees Retirement System boosted its stake in CME Group by 7.8% in the 3rd quarter. California Public Employees Retirement System now owns 837,382 shares of the financial services provider’s stock worth $113,616,000 after buying an additional 60,652 shares during the last quarter. Nippon Life Global Investors Americas Inc. boosted its stake in CME Group by 6.1% in the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 87,970 shares of the financial services provider’s stock worth $11,935,000 after buying an additional 5,080 shares during the last quarter. First National Trust Co. boosted its stake in CME Group by 21.8% in the 3rd quarter. First National Trust Co. now owns 16,699 shares of the financial services provider’s stock worth $2,266,000 after buying an additional 2,990 shares during the last quarter. Finally, Viking Fund Management LLC boosted its stake in CME Group by 4.3% in the 4th quarter. Viking Fund Management LLC now owns 29,200 shares of the financial services provider’s stock worth $4,265,000 after buying an additional 1,200 shares during the last quarter. 82.63% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on the company. BidaskClub upgraded CME Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 10th. Barclays raised their price target on CME Group from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Bank of America raised their price target on CME Group from $173.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Sandler O’Neill restated a “buy” rating and issued a $175.00 price target on shares of CME Group in a research report on Friday, February 2nd. Finally, Berenberg Bank assumed coverage on CME Group in a research report on Thursday, January 25th. They issued a “hold” rating and a $170.00 price target for the company. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $157.00.
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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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