Investors sold shares of CME Group Inc. (NASDAQ:CME) on strength during trading hours on Tuesday. $21.29 million flowed into the stock on the tick-up and $56.88 million flowed out of the stock on the tick-down, for a money net flow of $35.59 million out of the stock. Of all equities tracked, CME Group had the 0th highest net out-flow for the day. CME Group traded up $0.05 for the day and closed at $140.20
A number of analysts have commented on the stock. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Citigroup Inc. lifted their target price on shares of CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Barclays PLC assumed coverage on shares of CME Group in a report on Friday, September 8th. They set an “overweight” rating and a $139.00 target price for the company. Wells Fargo & Company lifted their target price on shares of CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $133.00 target price on shares of CME Group in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. CME Group presently has an average rating of “Buy” and a consensus target price of $141.75.
The stock has a market cap of $47,526.96, a price-to-earnings ratio of 29.32, a PEG ratio of 2.88 and a beta of 0.71. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11.
CME Group (NASDAQ:CME) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.03. CME Group had a net margin of 40.94% and a return on equity of 7.89%. The company had revenue of $890.80 million during the quarter, compared to analyst estimates of $890.22 million. During the same quarter in the previous year, the business earned $1.05 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. research analysts anticipate that CME Group Inc. will post 4.78 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 8th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, December 7th. CME Group’s dividend payout ratio (DPR) is 59.86%.
In related news, Director Dennis Suskind sold 750 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $129.34, for a total value of $97,005.00. Following the completion of the transaction, the director now directly owns 5,059 shares of the company’s stock, valued at approximately $654,331.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel R. Glickman sold 850 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $126.65, for a total transaction of $107,652.50. Following the completion of the transaction, the director now directly owns 13,799 shares of the company’s stock, valued at $1,747,643.35. The disclosure for this sale can be found here. Insiders sold a total of 11,339 shares of company stock valued at $1,548,086 in the last three months. 0.57% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Union Bankshares Corp bought a new stake in CME Group during the 2nd quarter worth about $210,000. Virtu Financial LLC bought a new stake in CME Group during the 2nd quarter worth about $400,000. Trust Co. of Vermont lifted its position in CME Group by 1.3% during the 2nd quarter. Trust Co. of Vermont now owns 42,271 shares of the financial services provider’s stock worth $5,294,000 after buying an additional 544 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in CME Group by 8.6% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 10,128 shares of the financial services provider’s stock worth $1,269,000 after buying an additional 800 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in CME Group by 2.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 54,067 shares of the financial services provider’s stock worth $6,770,000 after buying an additional 1,175 shares in the last quarter. 82.63% of the stock is owned by hedge funds and other institutional investors.
CME Group Company Profile
CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.
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