CME Group Inc (NASDAQ:CME) Given Consensus Rating of “Hold” by Brokerages

CME Group Inc (NASDAQ:CME) has received an average rating of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $200.00.

Several analysts recently commented on CME shares. BidaskClub downgraded shares of CME Group from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Barclays lifted their target price on shares of CME Group from $191.00 to $197.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Zacks Investment Research downgraded shares of CME Group from a “hold” rating to a “sell” rating and set a $158.00 target price for the company. in a report on Monday, May 27th. UBS Group lifted their target price on shares of CME Group from $191.00 to $214.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Finally, Wells Fargo & Co lifted their target price on shares of CME Group from $176.00 to $200.00 and gave the stock a “market perform” rating in a report on Wednesday, July 3rd.

In other CME Group news, Director Daniel R. Glickman sold 500 shares of CME Group stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $216.01, for a total value of $108,005.00. Following the completion of the sale, the director now owns 14,593 shares in the company, valued at approximately $3,152,233.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Terrence A. Duffy sold 35,000 shares of CME Group stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $200.15, for a total transaction of $7,005,250.00. Following the completion of the sale, the chief executive officer now owns 79,057 shares of the company’s stock, valued at approximately $15,823,258.55. The disclosure for this sale can be found here. Insiders sold a total of 59,626 shares of company stock valued at $12,255,934 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Close Asset Management Ltd bought a new stake in shares of CME Group during the 1st quarter valued at approximately $34,000. Advantage Investment Management LLC grew its holdings in shares of CME Group by 119.0% during the 2nd quarter. Advantage Investment Management LLC now owns 184 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Westside Investment Management Inc. bought a new stake in shares of CME Group during the 2nd quarter valued at approximately $38,000. Private Capital Group LLC grew its holdings in CME Group by 44.9% during the 2nd quarter. Private Capital Group LLC now owns 242 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 75 shares during the last quarter. Finally, Permanens Capital L.P. bought a new stake in CME Group during the 1st quarter worth approximately $41,000. 84.85% of the stock is currently owned by institutional investors.

Shares of CME traded down $0.85 during midday trading on Friday, reaching $211.10. The stock had a trading volume of 77,942 shares, compared to its average volume of 1,260,292. The firm has a market cap of $75.78 billion, a PE ratio of 30.95, a P/E/G ratio of 4.59 and a beta of 0.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $212.30 and a 200-day simple moving average of $192.06. CME Group has a one year low of $161.05 and a one year high of $224.91.

CME Group (NASDAQ:CME) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.75 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. CME Group had a net margin of 39.36% and a return on equity of 9.14%. CME Group’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 EPS. As a group, research analysts forecast that CME Group will post 6.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 10th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, September 9th. CME Group’s dividend payout ratio (DPR) is 43.99%.

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 commodities, and metals, as well as fixed income products.

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Analyst Recommendations for CME Group (NASDAQ:CME)

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