CME Group (CME) Upgraded at BidaskClub
CME Group (NASDAQ:CME) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.
Several other research analysts also recently commented on CME. Bank of America lifted their target price on CME Group from $173.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barclays lifted their target price on CME Group from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Sandler O’Neill reaffirmed a “buy” rating and set a $175.00 target price on shares of CME Group in a report on Friday, February 2nd. Goldman Sachs Group raised CME Group from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday. Finally, Berenberg Bank started coverage on CME Group in a report on Thursday, January 25th. They set a “hold” rating and a $170.00 target price on the stock. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $157.00.
Shares of CME Group (CME) opened at $156.85 on Friday. The firm has a market capitalization of $53,370.00, a price-to-earnings ratio of 13.14, a P/E/G ratio of 2.09 and a beta of 0.64. CME Group has a 52-week low of $114.82 and a 52-week high of $163.00. The company has a current ratio of 1.03, a quick ratio of 1.05 and a debt-to-equity ratio of 0.10.
In other news, CFO John W. Pietrowicz sold 7,500 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $151.50, for a total value of $1,136,250.00. Following the transaction, the chief financial officer now directly owns 32,376 shares of the company’s stock, valued at approximately $4,904,964. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Terrence A. Duffy sold 20,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.66, for a total value of $3,033,200.00. Following the completion of the transaction, the chairman now directly owns 99,239 shares in the company, valued at $15,050,586.74. The disclosure for this sale can be found here. Insiders sold a total of 67,128 shares of company stock worth $10,086,157 over the last three months. 0.57% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of CME. Scotia Capital Inc. acquired a new position in CME Group during the 2nd quarter worth approximately $211,000. Koch Industries Inc. raised its stake in CME Group by 16,136.1% during the 2nd quarter. Koch Industries Inc. now owns 278,612 shares of the financial services provider’s stock worth $276,000 after buying an additional 276,896 shares during the period. Public Employees Retirement System of Ohio raised its stake in CME Group by 2.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 234,173 shares of the financial services provider’s stock worth $29,328,000 after buying an additional 4,983 shares during the period. WINTON GROUP Ltd raised its stake in CME Group by 6.4% during the 2nd quarter. WINTON GROUP Ltd now owns 66,331 shares of the financial services provider’s stock worth $8,307,000 after buying an additional 3,983 shares during the period. Finally, Advisory Services Network LLC raised its stake in CME Group by 8,266.3% during the 2nd quarter. Advisory Services Network LLC now owns 6,944 shares of the financial services provider’s stock worth $870,000 after buying an additional 6,861 shares during the period. 82.65% of the stock is currently owned by institutional investors and hedge funds.
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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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