CME Group Inc (NASDAQ:CME) CFO John W. Pietrowicz sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $217.62, for a total value of $544,050.00. Following the sale, the chief financial officer now directly owns 30,354 shares in the company, valued at $6,605,637.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
CME Group stock opened at $202.94 on Friday. The business has a fifty day moving average of $211.18 and a two-hundred day moving average of $191.03. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.15. The firm has a market cap of $73.56 billion, a P/E ratio of 29.76, a P/E/G ratio of 4.57 and a beta of 0.19. CME Group Inc has a twelve month low of $161.05 and a twelve month high of $224.91.
CME Group (NASDAQ:CME) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. CME Group had a return on equity of 9.14% and a net margin of 39.36%. CME Group’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share. Equities analysts expect that CME Group Inc will post 6.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, September 9th. This represents a $3.00 annualized dividend and a dividend yield of 1.48%. CME Group’s dividend payout ratio is presently 43.99%.
Several institutional investors and hedge funds have recently modified their holdings of CME. Dimensional Fund Advisors LP lifted its holdings in shares of CME Group by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 906,174 shares of the financial services provider’s stock valued at $170,463,000 after purchasing an additional 24,717 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CME Group by 12.9% during the 4th quarter. Geode Capital Management LLC now owns 4,715,269 shares of the financial services provider’s stock valued at $885,776,000 after purchasing an additional 537,917 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of CME Group during the 1st quarter valued at $304,000. Quantamental Technologies LLC purchased a new stake in shares of CME Group during the 1st quarter valued at $81,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of CME Group during the 1st quarter valued at $204,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
A number of research analysts have recently commented on the company. BidaskClub cut CME Group from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered CME Group from a “hold” rating to a “sell” rating and set a $158.00 price target for the company. in a report on Monday, May 27th. Barclays boosted their price target on CME Group from $191.00 to $197.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Wells Fargo & Co boosted their price target on CME Group from $176.00 to $200.00 and gave the company a “market perform” rating in a report on Wednesday, July 3rd. Finally, UBS Group boosted their price target on CME Group from $191.00 to $214.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $196.85.
About CME Group
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 commodities, and metals, as well as fixed income products.
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