CME Group Inc. (CME) Hits New 52-Week High at $133.11
CME Group Inc. (NASDAQ:CME) hit a new 52-week high on Wednesday . The company traded as high as $133.11 and last traded at $133.12, with a volume of 496,009 shares trading hands. The stock had previously closed at $131.81.
Several research analysts have issued reports on the stock. UBS AG reaffirmed a “buy” rating and issued a $134.00 target price (down from $136.00) on shares of CME Group in a report on Monday, June 5th. Royal Bank Of Canada set a $130.00 price objective on shares of CME Group and gave the company a “buy” rating in a report on Monday, June 12th. BidaskClub raised shares of CME Group from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Deutsche Bank AG cut their target price on shares of CME Group from $139.00 to $136.00 and set a “buy” rating for the company in a research report on Tuesday, July 4th. Finally, Jefferies Group LLC restated a “buy” rating and set a $128.00 target price on shares of CME Group in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $133.22.
The firm has a market cap of $45.61 billion, a P/E ratio of 27.39 and a beta of 0.72. The stock has a 50-day moving average of $126.73 and a 200 day moving average of $122.14.
CME Group (NASDAQ:CME) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $931.05 million. During the same period in the previous year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that CME Group Inc. will post $4.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, September 7th. CME Group’s dividend payout ratio (DPR) is 53.99%.
In other news, CFO John W. Pietrowicz sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $124.50, for a total transaction of $311,250.00. Following the completion of the sale, the chief financial officer now owns 38,495 shares in the company, valued at $4,792,627.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis Suskind sold 750 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $129.34, for a total value of $97,005.00. Following the sale, the director now owns 5,059 shares of the company’s stock, valued at approximately $654,331.06. The disclosure for this sale can be found here. Insiders sold 48,244 shares of company stock valued at $6,021,890 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in CME. BlackRock Inc. raised its position in CME Group by 2,172.6% in the first quarter. BlackRock Inc. now owns 27,265,611 shares of the financial services provider’s stock worth $3,239,152,000 after acquiring an additional 26,065,883 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of CME Group by 13,530.7% in the second quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock valued at $770,227,000 after buying an additional 6,104,897 shares in the last quarter. Edgewood Management LLC increased its position in shares of CME Group by 26.4% in the first quarter. Edgewood Management LLC now owns 7,228,349 shares of the financial services provider’s stock valued at $858,728,000 after buying an additional 1,511,753 shares in the last quarter. Fiera Capital Corp increased its position in shares of CME Group by 243.9% in the second quarter. Fiera Capital Corp now owns 1,926,918 shares of the financial services provider’s stock valued at $241,327,000 after buying an additional 1,366,557 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of CME Group by 25.5% in the second quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock valued at $548,496,000 after buying an additional 889,217 shares in the last quarter. Hedge funds and other institutional investors own 82.64% of the company’s stock.
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.
Receive News & Ratings for CME Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CME Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.