CME Group (CME) Upgraded to Buy by BidaskClub

CME Group (NASDAQ:CME) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday.

CME has been the topic of a number of other research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $133.00 price objective on shares of CME Group in a research report on Thursday, September 21st. Wells Fargo & Co increased their target price on CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, October 4th. Barclays increased their target price on CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Royal Bank of Canada increased their target price on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Finally, Citigroup increased their target price on CME Group from $138.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. CME Group presently has an average rating of “Buy” and an average target price of $144.22.

Shares of CME Group (NASDAQ:CME) traded up $0.27 during trading on Tuesday, hitting $152.90. The company had a trading volume of 1,182,700 shares, compared to its average volume of 1,167,686. CME Group has a 1 year low of $113.90 and a 1 year high of $155.29. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The stock has a market cap of $52,000.00, a price-to-earnings ratio of 34.67, a PEG ratio of 2.55 and a beta of 0.72.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The company had revenue of $890.80 million during the quarter, compared to analyst estimates of $890.22 million. During the same period in the previous year, the business earned $1.05 EPS. CME Group’s quarterly revenue was up 5.8% on a year-over-year basis. sell-side analysts anticipate that CME Group will post 4.76 earnings per share for the current fiscal year.

In other news, insider Jack J. Tobin sold 2,325 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $152.28, for a total transaction of $354,051.00. Following the completion of the transaction, the insider now directly owns 17,574 shares of the company’s stock, valued at approximately $2,676,168.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey M. Bernacchi sold 1,501 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $149.75, for a total transaction of $224,774.75. Following the transaction, the director now directly owns 60,194 shares of the company’s stock, valued at $9,014,051.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,603 shares of company stock valued at $6,250,726. 0.57% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. grew its stake in CME Group by 7.7% in the 4th quarter. North Star Investment Management Corp. now owns 14,064 shares of the financial services provider’s stock worth $2,054,000 after acquiring an additional 1,001 shares during the period. Windward Capital Management Co. CA grew its stake in CME Group by 2.6% in the 4th quarter. Windward Capital Management Co. CA now owns 97,128 shares of the financial services provider’s stock worth $14,185,000 after acquiring an additional 2,456 shares during the period. Franklin Street Advisors Inc. NC grew its stake in CME Group by 1.7% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 167,097 shares of the financial services provider’s stock worth $24,405,000 after acquiring an additional 2,717 shares during the period. Sit Investment Associates Inc. grew its stake in CME Group by 31.4% in the 4th quarter. Sit Investment Associates Inc. now owns 87,025 shares of the financial services provider’s stock worth $12,710,000 after acquiring an additional 20,795 shares during the period. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in CME Group in the 4th quarter worth approximately $818,000. 82.70% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for CME Group (NASDAQ:CME)

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