Key Points
- CME Group director William Shepard purchased 293 shares at an average price of $268.76, investing $78,746.68 and increasing his stake by 0.11% to 263,289 shares.
- CME Group exceeded quarterly expectations, reporting $2.99 in EPS and $1.71 billion in revenue. The company also pays a $1.30 quarterly dividend, equivalent to a 2.0% annualized yield.
- Analysts have a consensus “Hold” rating and an average price target of $289.07, while institutional investors own 87.75% of CME’s outstanding shares.
CME Group Inc. (NASDAQ:CME - Get Free Report) Director William Shepard bought 293 shares of the firm's stock in a transaction on Friday, September 25th. The shares were bought at an average price of $268.76 per share, with a total value of $78,746.68. Following the completion of the purchase, the director owned 263,289 shares in the company, valued at approximately $70,761,551.64. The trade was a 0.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
CME Group Stock Performance
CME stock opened at $263.24 on Tuesday. The company has a market cap of $94.66 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 3.13 and a beta of 0.24. CME Group Inc. has a 1 year low of $218.31 and a 1 year high of $329.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The stock's fifty day moving average price is $269.89 and its 200-day moving average price is $273.58.
CME Group (NASDAQ:CME - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.91 by $0.08. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.68 billion. CME Group had a return on equity of 15.60% and a net margin of 63.30%.CME Group's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.96 earnings per share. On average, equities analysts forecast that CME Group Inc. will post 12.27 earnings per share for the current year.
CME Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, September 9th. CME Group's payout ratio is currently 44.11%.
Analyst Upgrades and Downgrades
CME has been the subject of several recent research reports. TD Cowen restated a "buy" rating and set a $292.00 target price on shares of CME Group in a research report on Monday. Deutsche Bank Aktiengesellschaft downgraded shares of CME Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $286.00 to $270.00 in a research report on Wednesday, August 19th. Rothschild & Co Redburn upgraded CME Group from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $316.00 to $323.00 in a research note on Thursday, June 11th. Weiss Ratings cut CME Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Finally, Bank of America lifted their target price on CME Group from $226.00 to $230.00 and gave the company an "underperform" rating in a research report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $289.07.
Check Out Our Latest Stock Analysis on CME
Institutional Trading of CME Group
A number of hedge funds and other institutional investors have recently modified their holdings of CME. Envestnet Portfolio Solutions Inc. lifted its stake in shares of CME Group by 16.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 70,325 shares of the financial services provider's stock valued at $14,809,000 after buying an additional 10,005 shares in the last quarter. Andra AP fonden increased its stake in CME Group by 91.5% in the 2nd quarter. Andra AP fonden now owns 91,990 shares of the financial services provider's stock worth $20,314,000 after buying an additional 43,960 shares in the last quarter. Wellington Altus USA Inc. purchased a new stake in CME Group in the 2nd quarter worth $49,000. Anchor Investment Management LLC increased its stake in CME Group by 113.0% in the 2nd quarter. Anchor Investment Management LLC now owns 805 shares of the financial services provider's stock worth $178,000 after buying an additional 427 shares in the last quarter. Finally, Keystone Financial Planning Inc. raised its holdings in CME Group by 35.0% during the second quarter. Keystone Financial Planning Inc. now owns 43,265 shares of the financial services provider's stock valued at $9,554,000 after acquiring an additional 11,228 shares during the period. 87.75% of the stock is owned by hedge funds and other institutional investors.
CME Group Company Profile
(
Get Free Report)
CME Group Inc operates global derivatives marketplaces that enable customers to manage risk and trade futures and options contracts. Its exchanges offer products linked to interest rates, equity indexes, foreign currencies, agricultural commodities, energy, metals and other asset classes.
The company also provides central counterparty clearing, settlement and related risk-management services for transactions conducted on its markets. In addition, CME Group offers market data, benchmark products and technology services that support trading, analysis and connectivity for financial institutions, businesses, professional traders and other market participants.
CME Group's history includes the Chicago Board of Trade, founded in 1848, and the Chicago Mercantile Exchange, established in 1898.
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