CME Group Inc. (CME) Insider Bryan T. Durkin Sells 14,990 Shares
CME Group Inc. (NASDAQ:CME) insider Bryan T. Durkin sold 14,990 shares of the stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $105.10, for a total transaction of $1,575,449.00. Following the completion of the transaction, the insider now owns 66,936 shares of the company’s stock, valued at $7,034,973.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of CME Group Inc. (NASDAQ:CME) opened at 104.52 on Friday. The stock has a market cap of $35.42 billion, a P/E ratio of 26.39 and a beta of 0.85. The firm has a 50-day moving average of $106.83 and a 200-day moving average of $99.14. CME Group Inc. has a 52-week low of $81.87 and a 52-week high of $110.35.
CME Group (NASDAQ:CME) last released its earnings results on Thursday, July 28th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The business earned $906 million during the quarter, compared to the consensus estimate of $897.84 million. CME Group had a net margin of 38.22% and a return on equity of 6.83%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. On average, equities analysts expect that CME Group Inc. will post $4.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Wednesday, September 7th. CME Group’s dividend payout ratio is presently 60.61%.
Several research analysts have recently issued reports on the stock. Deutsche Bank AG increased their price objective on shares of CME Group from $110.00 to $111.00 and gave the company a “buy” rating in a report on Friday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of CME Group from $99.00 to $106.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Barclays PLC decreased their price objective on shares of CME Group from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Friday, July 29th. Zacks Investment Research upgraded shares of CME Group from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CME Group from $99.00 to $103.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. CME Group has an average rating of “Hold” and an average target price of $102.89.
A number of hedge funds have recently added to or reduced their stakes in the stock. Evercore Wealth Management LLC increased its stake in CME Group by 19.5% in the second quarter. Evercore Wealth Management LLC now owns 2,270 shares of the company’s stock worth $221,000 after buying an additional 370 shares in the last quarter. Williams Jones & Associates LLC increased its stake in CME Group by 59,083.3% in the second quarter. Williams Jones & Associates LLC now owns 3,551 shares of the company’s stock worth $346,000 after buying an additional 3,545 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in CME Group during the second quarter worth $1,332,000. Kentucky Retirement Systems purchased a new stake in CME Group during the second quarter worth $2,805,000. Finally, Mason Street Advisors LLC purchased a new stake in CME Group during the second quarter worth $4,443,000. 80.29% of the stock is owned by institutional investors and hedge funds.
CME Group Company Profile
CME Group Inc is a provider of products across all major asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals. The Company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. The Company connects buyers and sellers together through its CME Globex electronic trading platform across the globe and its open outcry trading facilities in Chicago and New York City.
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