Deutsche Bank Raises CME Group (CME) Price Target to $197.00

CME Group (NASDAQ:CME) had its price objective hoisted by Deutsche Bank from $185.00 to $197.00 in a research note published on Friday. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other research firms also recently issued reports on CME. ValuEngine downgraded shares of CME Group from a buy rating to a hold rating in a report on Wednesday, March 7th. Zacks Investment Research cut shares of CME Group from a buy rating to a hold rating in a research note on Tuesday, March 6th. Bank of America upped their target price on shares of CME Group from $175.00 to $185.00 and gave the company a buy rating in a research note on Thursday, March 8th. BidaskClub cut shares of CME Group from a strong-buy rating to a buy rating in a research note on Thursday, March 15th. Finally, Barclays upped their target price on shares of CME Group from $170.00 to $175.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $163.69.

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NASDAQ CME opened at $158.26 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.10. The firm has a market cap of $53,869.33, a P/E ratio of 33.25, a PEG ratio of 2.19 and a beta of 0.56. CME Group has a 1 year low of $114.82 and a 1 year high of $171.71.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.02. The business had revenue of $900.00 million during the quarter, compared to the consensus estimate of $886.85 million. CME Group had a net margin of 111.49% and a return on equity of 7.68%. CME Group’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. equities research analysts expect that CME Group will post 6.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Friday, March 9th were paid a $0.70 dividend. This is a boost from CME Group’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.77%. CME Group’s dividend payout ratio is currently 58.70%.

In other news, Chairman Terrence A. Duffy sold 20,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $151.66, for a total value of $3,033,200.00. Following the completion of the transaction, the chairman now owns 99,239 shares in the company, valued at approximately $15,050,586.74. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO John W. Pietrowicz sold 7,500 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $151.50, for a total transaction of $1,136,250.00. Following the completion of the transaction, the chief financial officer now owns 32,376 shares of the company’s stock, valued at approximately $4,904,964. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,699 shares of company stock valued at $6,266,062. Corporate insiders own 0.45% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC acquired a new stake in shares of CME Group during the 4th quarter worth about $120,000. Valeo Financial Advisors LLC acquired a new stake in shares of CME Group during the 3rd quarter worth about $124,000. AlphaOne Investment Services LLC acquired a new stake in shares of CME Group during the 4th quarter worth about $146,000. Mosaic Family Wealth LLC acquired a new stake in shares of CME Group during the 4th quarter worth about $146,000. Finally, Truewealth LLC acquired a new stake in shares of CME Group during the 4th quarter worth about $157,000. Institutional investors and hedge funds own 83.12% of the company’s stock.

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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 products, and metals.

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