CME Group (NASDAQ:CME) PT Raised to $216.00

CME Group (NASDAQ:CME) had its price objective hoisted by Bank of America from $209.00 to $216.00 in a report issued on Thursday morning, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other equities research analysts also recently commented on CME. Rosenblatt Securities reiterated a sell rating and set a $187.00 price objective (up from $185.00) on shares of CME Group in a research note on Thursday. The Goldman Sachs Group downgraded shares of CME Group from a neutral rating to a sell rating and set a $195.00 price objective for the company. in a research note on Wednesday, January 3rd. Argus lifted their price objective on shares of CME Group from $225.00 to $245.00 and gave the stock a buy rating in a research note on Wednesday, March 6th. Morgan Stanley lifted their price objective on shares of CME Group from $222.00 to $225.00 and gave the stock an equal weight rating in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft restated a hold rating and set a $210.00 target price (down from $235.00) on shares of CME Group in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $217.80.

CME Group Price Performance

NASDAQ CME opened at $212.54 on Thursday. The firm’s fifty day simple moving average is $214.76 and its two-hundred day simple moving average is $211.93. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. CME Group has a 12-month low of $175.73 and a 12-month high of $223.80. The firm has a market capitalization of $76.51 billion, a P/E ratio of 24.18, a P/E/G ratio of 5.97 and a beta of 0.49.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.44 by $0.06. CME Group had a net margin of 56.84% and a return on equity of 12.45%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $2.42 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts forecast that CME Group will post 9.58 EPS for the current fiscal year.

CME Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were issued a $1.15 dividend. This is an increase from CME Group’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 2.16%. CME Group’s dividend payout ratio is presently 52.33%.

Institutional Trading of CME Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CME. AE Wealth Management LLC increased its holdings in shares of CME Group by 25.5% during the 3rd quarter. AE Wealth Management LLC now owns 2,543 shares of the financial services provider’s stock worth $509,000 after buying an additional 516 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of CME Group by 14.9% during the 3rd quarter. Private Trust Co. NA now owns 3,147 shares of the financial services provider’s stock worth $630,000 after buying an additional 408 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of CME Group during the 3rd quarter worth approximately $298,000. CX Institutional increased its holdings in shares of CME Group by 590.1% during the 3rd quarter. CX Institutional now owns 14,810 shares of the financial services provider’s stock worth $2,965,000 after buying an additional 12,664 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of CME Group during the 3rd quarter worth approximately $462,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

CME Group Company Profile

CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.