CME Group Inc. (CME) Issues Earnings Results

CME Group Inc. (NASDAQ:CME) posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.03, Bloomberg Earnings reports. The business had revenue of $925 million during the quarter, compared to analyst estimates of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 earnings per share.

CME Group (CME) opened at 125.39 on Friday. The company has a market cap of $42.62 billion, a price-to-earnings ratio of 25.60 and a beta of 0.73. The company’s 50-day moving average is $123.50 and its 200 day moving average is $121.16. CME Group has a 12 month low of $98.95 and a 12 month high of $127.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 7th. CME Group’s payout ratio is presently 53.99%.

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Several equities analysts recently commented on CME shares. Deutsche Bank AG dropped their price target on shares of CME Group from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Jefferies Group LLC reissued a “buy” rating and issued a $134.00 price objective (up previously from $128.00) on shares of CME Group in a research report on Monday, July 17th. Royal Bank Of Canada decreased their target price on shares of CME Group from $133.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, May 1st. BidaskClub upgraded shares of CME Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Citigroup Inc. initiated coverage on shares of CME Group in a research report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. CME Group presently has a consensus rating of “Buy” and a consensus target price of $131.63.

In other CME Group news, Chairman Terrence A. Duffy sold 21,815 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $123.89, for a total transaction of $2,702,660.35. Following the transaction, the chairman now owns 110,711 shares in the company, valued at approximately $13,715,985.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sunil Cutinho sold 10,265 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $117.85, for a total value of $1,209,730.25. Following the transaction, the insider now owns 21,690 shares in the company, valued at approximately $2,556,166.50. The disclosure for this sale can be found here. In the last three months, insiders sold 91,085 shares of company stock valued at $11,242,896. 0.61% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its stake in CME Group by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,309 shares of the financial services provider’s stock valued at $156,000 after buying an additional 9 shares during the period. Honkamp Krueger Financial Services Inc. raised its stake in CME Group by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 2,937 shares of the financial services provider’s stock valued at $368,000 after buying an additional 13 shares during the period. Pitcairn Co. raised its stake in CME Group by 0.4% in the first quarter. Pitcairn Co. now owns 3,247 shares of the financial services provider’s stock valued at $386,000 after buying an additional 14 shares during the period. Buffington Mohr McNeal raised its stake in CME Group by 0.3% in the first quarter. Buffington Mohr McNeal now owns 4,795 shares of the financial services provider’s stock valued at $570,000 after buying an additional 15 shares during the period. Finally, Summit Asset Management LLC raised its stake in CME Group by 0.5% in the first quarter. Summit Asset Management LLC now owns 3,016 shares of the financial services provider’s stock valued at $358,000 after buying an additional 16 shares during the period. 83.25% of the stock is currently owned by 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.