CME Group Inc (NASDAQ:CME) has received an average rating of “Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $157.00.
A number of equities research analysts have issued reports on CME shares. Bank of America lifted their target price on shares of CME Group from $173.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research note on Tuesday, January 2nd. Sandler O’Neill reissued a “buy” rating and set a $175.00 target price on shares of CME Group in a research note on Friday, February 2nd. Barclays lifted 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. Finally, BidaskClub raised shares of CME Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 10th.
CME Group (NASDAQ CME) traded down $2.73 during trading on Wednesday, reaching $162.38. 1,448,953 shares of the company were exchanged, compared to its average volume of 2,025,381. CME Group has a 1 year low of $114.82 and a 1 year high of $165.35. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.10. The firm has a market cap of $55,991.28, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 2.14 and a beta of 0.64.
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, topping analysts’ consensus estimates of $1.10 by $0.02. CME Group had a net margin of 111.49% and a return on equity of 7.68%. The firm had revenue of $900.00 million during the quarter, compared to analyst estimates of $886.85 million. During the same quarter last year, the business posted $1.14 EPS. The company’s revenue was down 1.4% on a year-over-year basis. equities analysts expect that CME Group will post 6.32 earnings per share for the current year.
The firm 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 $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from CME Group’s previous quarterly dividend of $0.66. CME Group’s payout ratio is presently 22.11%.
In related news, insider Derek Sammann sold 2,400 shares of CME Group stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $161.66, for a total value of $387,984.00. Following the completion of the sale, the insider now owns 40,153 shares of the company’s stock, valued at approximately $6,491,133.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Terrence A. Duffy sold 20,000 shares of CME Group stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $151.66, for a total transaction of $3,033,200.00. Following the completion of the sale, the chairman now directly owns 99,239 shares of the company’s stock, valued at approximately $15,050,586.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,728 shares of company stock valued at $9,755,257. 0.57% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Scotia Capital Inc. bought a new position in CME Group in the 2nd quarter worth $211,000. Koch Industries Inc. raised its holdings in CME Group by 16,136.1% in the 2nd quarter. Koch Industries Inc. now owns 278,612 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 276,896 shares during the period. Advisory Services Network LLC raised its holdings in CME Group by 8,266.3% in the 2nd quarter. Advisory Services Network LLC now owns 6,944 shares of the financial services provider’s stock worth $870,000 after acquiring an additional 6,861 shares during the period. Cetera Investment Advisers bought a new position in CME Group in the 2nd quarter worth $242,000. Finally, Intl Fcstone Inc. bought a new position in CME Group in the 2nd quarter worth $1,176,000. 82.85% of the stock is owned by institutional investors and hedge funds.
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CME Group Company Profile
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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