Traders Sell Shares of CME Group (CME) on Strength (CME)

Traders sold shares of CME Group Inc (NASDAQ:CME) on strength during trading on Wednesday. $38.21 million flowed into the stock on the tick-up and $67.84 million flowed out of the stock on the tick-down, for a money net flow of $29.63 million out of the stock. Of all stocks tracked, CME Group had the 31st highest net out-flow for the day. CME Group traded up $0.25 for the day and closed at $167.21

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut CME Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. BidaskClub cut CME Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 28th. Deutsche Bank raised their price objective on CME Group from $185.00 to $197.00 and gave the company a “buy” rating in a report on Friday, April 6th. ValuEngine cut CME Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Sanford C. Bernstein assumed coverage on CME Group in a report on Monday, April 9th. They issued an “outperform” rating and a $190.00 price objective for the company. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $165.57.

The company has a market cap of $57.43 billion, a PE ratio of 35.05, a PEG ratio of 2.38 and a beta of 0.55. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.10.

CME Group (NASDAQ:CME) last issued its earnings results on Thursday, April 26th. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.01. CME Group had a net margin of 111.45% and a return on equity of 8.48%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $1.22 EPS. CME Group’s revenue was up 18.4% on a year-over-year basis. equities research analysts expect that CME Group Inc will post 6.78 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Friday, June 8th will be paid a $0.70 dividend. The ex-dividend date is Thursday, June 7th. This represents a $2.80 annualized dividend and a yield of 1.67%. CME Group’s dividend payout ratio (DPR) is currently 58.70%.

In related news, Chairman Terrence A. Duffy sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $161.00, for a total value of $3,220,000.00. Following the completion of the sale, the chairman now directly owns 94,686 shares in the company, valued at approximately $15,244,446. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John W. Pietrowicz sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $161.02, for a total transaction of $402,550.00. Following the sale, the chief financial officer now owns 34,957 shares of the company’s stock, valued at $5,628,776.14. The disclosure for this sale can be found here. Insiders sold a total of 32,885 shares of company stock valued at $5,320,171 over the last quarter. 0.45% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Edgewood Management LLC lifted its position in CME Group by 3.4% during the first quarter. Edgewood Management LLC now owns 7,625,012 shares of the financial services provider’s stock worth $1,233,269,000 after acquiring an additional 251,413 shares during the last quarter. Geode Capital Management LLC lifted its position in CME Group by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 3,695,039 shares of the financial services provider’s stock worth $538,556,000 after acquiring an additional 189,971 shares during the last quarter. Jackson Square Partners LLC lifted its position in CME Group by 672.4% during the fourth quarter. Jackson Square Partners LLC now owns 2,773,705 shares of the financial services provider’s stock worth $405,099,000 after acquiring an additional 2,414,593 shares during the last quarter. Fiera Capital Corp lifted its position in CME Group by 0.4% during the first quarter. Fiera Capital Corp now owns 2,164,508 shares of the financial services provider’s stock worth $350,088,000 after acquiring an additional 8,191 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in CME Group by 51.9% during the first quarter. Epoch Investment Partners Inc. now owns 1,545,562 shares of the financial services provider’s stock worth $249,980,000 after acquiring an additional 528,198 shares during the last quarter. Hedge funds and other institutional investors own 82.16% of the company’s stock.

CME Group Company Profile

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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