CME Group (NASDAQ:CME) Insider Sells $1,493,500.00 in Stock

CME Group Inc. (NASDAQ:CME) insider Sunil Cutinho sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $298.70, for a total value of $1,493,500.00. Following the completion of the sale, the insider owned 20,037 shares in the company, valued at approximately $5,985,051.90. The trade was a 19.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CME Group Stock Up 0.8%

Shares of NASDAQ CME opened at $296.42 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $106.59 billion, a PE ratio of 24.32, a P/E/G ratio of 3.59 and a beta of 0.24. CME Group Inc. has a one year low of $218.31 and a one year high of $329.16. The business’s fifty day moving average price is $279.69 and its 200-day moving average price is $279.82.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.03. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.71 billion. CME Group had a return on equity of 16.23% and a net margin of 63.33%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.68 EPS. On average, equities research analysts anticipate that CME Group Inc. will post 12.34 EPS for the current year.

CME Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $5.20 annualized dividend and a dividend yield of 1.8%. CME Group’s payout ratio is 42.66%.

Institutional Investors Weigh In On CME Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bridgewater Advisors Inc. bought a new stake in CME Group during the 2nd quarter worth approximately $612,000. Focus Financial Network Inc. purchased a new stake in CME Group in the 3rd quarter worth approximately $1,513,000. The Manufacturers Life Insurance Company bought a new position in CME Group in the 2nd quarter valued at $53,671,000. Haverford Trust Co bought a new position in CME Group in the 2nd quarter valued at $13,818,000. Finally, Bowie Capital Management LLC bought a new position in CME Group in the 2nd quarter valued at $22,991,000. 87.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of CME Group from a “strong sell” rating to a “sell” rating in a report on Saturday, October 3rd. Wells Fargo & Company boosted their target price on shares of CME Group from $315.00 to $333.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft cut shares of CME Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $286.00 to $270.00 in a report on Wednesday, August 19th. CLSA set a $367.00 target price on CME Group in a research report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. raised CME Group from an “underweight” rating to an “overweight” rating and set a $367.00 price target for the company in a report on Thursday, October 22nd. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $313.29.

About CME Group

CME Group Inc operates global derivatives marketplaces that provide trading, clearing and settlement services for futures and options contracts. Its products cover major asset classes, including interest rates, equity indexes, foreign currencies, agricultural commodities, energy and metals. The company also provides market data, benchmark information and related services used by financial institutions, corporations, producers, investors and other market participants.

CME Group’s exchange portfolio includes CME, the Chicago Board of Trade, the New York Mercantile Exchange and COMEX.