Key Points
- Terrence Duffy sold 25,000 CME shares on Dec. 11 at an average price of $269.55 for about $6.74M, reducing his direct stake to 65,804 shares (a 27.53% decrease) valued at roughly $17.74M.
- CME declared a quarterly dividend of $1.25 (annualized $5.00), with an ex-dividend date of Dec. 12 and a payment date of Dec. 30, implying a yield of about 1.8%.
- Q3 results: EPS $2.68 (beat by $0.05) while revenue fell 3% YoY; the stock trades near $272, market cap ~$98.15B, and analysts' consensus target is $290 with a "Hold" rating.
CME Group Inc. (NASDAQ:CME - Get Free Report) CEO Terrence Duffy sold 25,000 shares of the business's stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $269.55, for a total value of $6,738,750.00. Following the sale, the chief executive officer directly owned 65,804 shares of the company's stock, valued at $17,737,468.20. This represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
CME Group Trading Down 0.5%
CME opened at $272.18 on Tuesday. The firm has a 50 day simple moving average of $272.06 and a 200 day simple moving average of $272.13. CME Group Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $290.79. The company has a market cap of $98.15 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 4.08 and a beta of 0.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02.
CME Group (NASDAQ:CME - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $2.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.05. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.56 billion. CME Group had a net margin of 58.84% and a return on equity of 14.61%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $2.68 earnings per share. On average, sell-side analysts anticipate that CME Group Inc. will post 10.49 earnings per share for the current year.
CME Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 12th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, December 12th. CME Group's dividend payout ratio is currently 48.45%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Jefferies Financial Group reduced their target price on CME Group from $313.00 to $304.00 and set a "buy" rating on the stock in a report on Friday, October 10th. TD Cowen upped their target price on shares of CME Group from $288.00 to $290.00 and gave the company a "hold" rating in a research note on Thursday, October 23rd. Royal Bank Of Canada increased their target price on shares of CME Group from $282.00 to $295.00 and gave the stock a "sector perform" rating in a report on Friday, December 5th. Keefe, Bruyette & Woods lifted their price target on shares of CME Group from $283.00 to $287.00 and gave the company a "market perform" rating in a research note on Monday, October 13th. Finally, Morgan Stanley boosted their target price on CME Group from $312.00 to $314.00 and gave the company an "overweight" rating in a research note on Thursday, October 23rd. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $290.00.
Read Our Latest Stock Analysis on CME
Hedge Funds Weigh In On CME Group
Several institutional investors and hedge funds have recently made changes to their positions in CME. Caldwell Trust Co increased its stake in CME Group by 116.3% in the third quarter. Caldwell Trust Co now owns 93 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Webster Bank N. A. grew its position in CME Group by 206.9% in the second quarter. Webster Bank N. A. now owns 89 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 60 shares during the last quarter. Highline Wealth Partners LLC raised its stake in CME Group by 84.3% during the second quarter. Highline Wealth Partners LLC now owns 94 shares of the financial services provider's stock worth $26,000 after acquiring an additional 43 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of CME Group in the third quarter worth about $27,000. Finally, Financial Consulate Inc. bought a new position in shares of CME Group in the third quarter worth about $28,000. Institutional investors and hedge funds own 87.75% of the company's stock.
CME Group Company Profile
(
Get Free Report)
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.
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