CME Group Inc (NASDAQ:CME) insider Jack J. Tobin sold 2,325 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $152.28, for a total value of $354,051.00. Following the sale, the insider now directly owns 17,574 shares in the company, valued at $2,676,168.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CME Group Inc (NASDAQ:CME) traded down $0.09 on Thursday, hitting $152.81. The stock had a trading volume of 1,060,000 shares, compared to its average volume of 1,530,000. The company has a market cap of $52,000.00, a P/E ratio of 34.65, a PEG ratio of 2.55 and a beta of 0.72. CME Group Inc has a 52 week low of $113.90 and a 52 week high of $155.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05.
CME Group (NASDAQ:CME) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.03. The company had revenue of $890.80 million during the quarter, compared to the consensus estimate of $890.22 million. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. research analysts predict that CME Group Inc will post 4.76 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fiduciary Trust Co. acquired a new position in shares of CME Group during the 2nd quarter worth about $105,000. Quadrant Capital Group LLC lifted its position in shares of CME Group by 13.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 944 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 113 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of CME Group during the 3rd quarter worth about $124,000. San Francisco Sentry Investment Group CA acquired a new position in shares of CME Group during the 2nd quarter worth about $129,000. Finally, People s United Financial Inc. lifted its position in shares of CME Group by 11.5% during the 2nd quarter. People s United Financial Inc. now owns 1,063 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.
Several research analysts recently weighed in on CME shares. BidaskClub raised CME Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 27th. Barclays upped their price target on CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research note on Tuesday, January 2nd. Royal Bank of Canada boosted their target price on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a research note on Monday, October 16th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $133.00 target price on shares of CME Group in a research note on Thursday, September 21st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $144.22.
About CME Group
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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