CME Group Inc (NASDAQ:CME) COO Julie Holzrichter sold 3,353 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $186.71, for a total value of $626,038.63. Following the transaction, the chief operating officer now owns 45,627 shares in the company, valued at approximately $8,519,017.17. The sale was disclosed in a document filed with the SEC, which is available through this link.
NASDAQ CME opened at $189.74 on Friday. CME Group Inc has a one year low of $137.51 and a one year high of $190.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.09 and a quick ratio of 1.08. The firm has a market capitalization of $64.06 billion, a P/E ratio of 30.58, a PEG ratio of 2.19 and a beta of 0.49.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.03. CME Group had a return on equity of 9.18% and a net margin of 113.67%. The firm had revenue of $904.20 million during the quarter, compared to the consensus estimate of $910.50 million. On average, sell-side analysts forecast that CME Group Inc will post 6.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Monday, December 10th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, December 7th. CME Group’s dividend payout ratio (DPR) is presently 58.70%.
A number of research analysts have recently issued reports on CME shares. Jefferies Financial Group reiterated a “buy” rating and set a $190.00 target price on shares of CME Group in a research report on Wednesday, September 5th. Zacks Investment Research downgraded CME Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Deutsche Bank reissued a “buy” rating and issued a $192.00 price objective (up from $185.00) on shares of CME Group in a research note on Thursday, October 11th. Finally, Rosenblatt Securities assumed coverage on CME Group in a research note on Wednesday, September 5th. They issued a “neutral” rating and a $177.00 price objective for the company. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. CME Group currently has a consensus rating of “Buy” and a consensus target price of $182.69.
Several institutional investors and hedge funds have recently modified their holdings of CME. Meeder Asset Management Inc. increased its stake in shares of CME Group by 84.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 789 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 362 shares during the last quarter. Kaizen Advisory LLC increased its position in shares of CME Group by 151.9% during the 2nd quarter. Kaizen Advisory LLC now owns 816 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 492 shares during the last quarter. Bbva Compass Bancshares Inc. acquired a new stake in shares of CME Group during the 3rd quarter worth about $134,000. Sun Life Financial INC increased its position in shares of CME Group by 267.7% during the 2nd quarter. Sun Life Financial INC now owns 923 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 672 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of CME Group during the 2nd quarter worth about $153,000. 84.28% of the stock is owned by institutional investors and hedge funds.
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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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