BidaskClub cut shares of CME Group (NASDAQ:CME) from a hold rating to a sell rating in a report released on Wednesday.
CME has been the subject of several other research reports. Citigroup set a $205.00 target price on CME Group and gave the stock a buy rating in a research report on Friday, February 15th. Berenberg Bank upgraded CME Group from a hold rating to a buy rating and set a $220.00 target price for the company in a research report on Tuesday, November 20th. Deutsche Bank lifted their target price on CME Group from $205.00 to $206.00 and gave the stock a buy rating in a research report on Friday, November 16th. Bank of America reiterated a buy rating and issued a $200.00 target price on shares of CME Group in a research report on Monday, November 5th. Finally, Jefferies Financial Group reiterated a buy rating and issued a $204.00 target price on shares of CME Group in a research report on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $193.47.
Shares of NASDAQ CME opened at $175.59 on Wednesday. CME Group has a fifty-two week low of $153.90 and a fifty-two week high of $197.08. The company has a quick ratio of 1.09, a current ratio of 1.01 and a debt-to-equity ratio of 0.15. The company has a market cap of $59.24 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 2.19 and a beta of 0.30.
CME Group (NASDAQ:CME) last issued its quarterly earnings data on Thursday, February 14th. The financial services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. CME Group had a return on equity of 9.85% and a net margin of 45.53%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $1.12 EPS. CME Group’s quarterly revenue was up 37.4% on a year-over-year basis. Equities analysts expect that CME Group will post 7.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Friday, March 8th will be issued a $0.75 dividend. This is an increase from CME Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.71%. CME Group’s dividend payout ratio (DPR) is 41.06%.
In other CME Group news, CFO John W. Pietrowicz sold 17,960 shares of CME Group stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $186.92, for a total transaction of $3,357,083.20. Following the sale, the chief financial officer now owns 44,780 shares of the company’s stock, valued at approximately $8,370,277.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald A. Pankau sold 187 shares of CME Group stock in a transaction on Monday, December 10th. The shares were sold at an average price of $190.00, for a total value of $35,530.00. Following the sale, the director now directly owns 3,800 shares in the company, valued at approximately $722,000. The disclosure for this sale can be found here. In the last three months, insiders sold 41,647 shares of company stock worth $7,868,428. Company insiders own 0.43% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CME. WealthPLAN Partners LLC increased its position in shares of CME Group by 20.9% during the 4th quarter. WealthPLAN Partners LLC now owns 2,306 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 398 shares during the period. Nordea Investment Management AB grew its holdings in shares of CME Group by 9.1% in the 4th quarter. Nordea Investment Management AB now owns 136,412 shares of the financial services provider’s stock worth $25,662,000 after acquiring an additional 11,404 shares during the last quarter. PFG Advisors acquired a new position in shares of CME Group in the 4th quarter worth $1,324,000. Orleans Capital Management Corp LA grew its holdings in shares of CME Group by 6.7% in the 4th quarter. Orleans Capital Management Corp LA now owns 11,955 shares of the financial services provider’s stock worth $2,249,000 after acquiring an additional 750 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in shares of CME Group by 2.7% in the 4th quarter. Amalgamated Bank now owns 44,713 shares of the financial services provider’s stock worth $8,411,000 after acquiring an additional 1,195 shares during the last quarter. 86.63% of the stock is currently owned by hedge funds and other institutional investors.
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 products, and metals.
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